Registered number
SC560318
New Tandoori Mahal Ltd
Filleted Accounts
31 March 2024
New Tandoori Mahal Ltd
Registered number: SC560318
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,598 10,989
Current assets
Stocks 3,552 3,421
Cash at bank and in hand 3,223 3,674
6,775 7,095
Creditors: amounts falling due within one year 4 (13,155) (6,955)
Net current (liabilities)/assets (6,380) 140
Total assets less current liabilities 4,218 11,129
Creditors: amounts falling due after more than one year 5 (2,467) (1,870)
Net assets 1,751 9,259
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,651 9,159
Shareholder's funds 1,751 9,259
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Afraaz M Munsha
Director
Approved by the board on 25 November 2024
New Tandoori Mahal Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% reducing bases
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Fixture and fittings etc
£
Cost
At 1 April 2023 17,552
Additions 787
At 31 March 2024 18,339
Depreciation
At 1 April 2023 6,563
Charge for the year 1,178
At 31 March 2024 7,741
Net book value
At 31 March 2024 10,598
At 31 March 2023 10,989
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 403 261
Taxation and social security costs 12,293 6,146
Other creditors 459 548
13,155 6,955
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 2,467 1,870
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