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REGISTERED NUMBER: 12226975 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SABZI LTD

SABZI LTD (REGISTERED NUMBER: 12226975)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SABZI LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs K L Attlee
W H Attlee





REGISTERED OFFICE: 16a Walsingham Place
TRURO
Cornwall
TR1 2RP





REGISTERED NUMBER: 12226975 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

SABZI LTD (REGISTERED NUMBER: 12226975)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 520 585
Tangible assets 5 146,109 117,750
146,629 118,335

CURRENT ASSETS
Stocks 36,445 14,591
Debtors 6 14,521 4,692
Cash at bank and in hand 71,973 37,598
122,939 56,881
CREDITORS
Amounts falling due within one year 7 174,132 132,238
NET CURRENT LIABILITIES (51,193 ) (75,357 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,436

42,978

CREDITORS
Amounts falling due after more than one
year

8

(15,933

)

(25,947

)

PROVISIONS FOR LIABILITIES (29,523 ) (10,919 )
NET ASSETS 49,980 6,112

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 49,970 6,102
49,980 6,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SABZI LTD (REGISTERED NUMBER: 12226975)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2024 and were signed on its behalf by:





Mrs K L Attlee - Director


SABZI LTD (REGISTERED NUMBER: 12226975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Sabzi Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. At the Balance Sheet date the company had net current liabilities but the directors consider the Going Concern basis of preparation to be appropriate taking into account their assessment based on future projected cashflow.

Turnover
Revenue is recognised for the sale of goods when the entity has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

The company has only one main revenue stream being the sale of food, beverages and kitchen merchandise to customers. Turnover from these goods provided by the restaurants is recognised on a daily basis once the goods have been provided to the customer and the right to consideration has been earned.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SABZI LTD (REGISTERED NUMBER: 12226975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 650
AMORTISATION
At 1 October 2023 65
Charge for year 65
At 30 September 2024 130
NET BOOK VALUE
At 30 September 2024 520
At 30 September 2023 585

SABZI LTD (REGISTERED NUMBER: 12226975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 3,080 157,510 160,590
Additions 17,367 32,858 50,225
Disposals - (690 ) (690 )
At 30 September 2024 20,447 189,678 210,125
DEPRECIATION
At 1 October 2023 - 42,841 42,841
Charge for year 1,667 19,508 21,175
At 30 September 2024 1,667 62,349 64,016
NET BOOK VALUE
At 30 September 2024 18,780 127,329 146,109
At 30 September 2023 3,080 114,669 117,749

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 27,980
DEPRECIATION
At 1 October 2023 12,241
Charge for year 3,935
At 30 September 2024 16,176
NET BOOK VALUE
At 30 September 2024 11,804
At 30 September 2023 15,739

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,546 -
Other debtors 3,975 4,692
14,521 4,692

SABZI LTD (REGISTERED NUMBER: 12226975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,368 3,285
Hire purchase contracts (see note 9) 6,645 6,645
Trade creditors 33,044 30,408
Taxation and social security 75,514 19,516
Other creditors 55,561 72,384
174,132 132,238

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,294 7,662
Hire purchase contracts (see note 9) 11,639 18,285
15,933 25,947

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,645 6,645
Between one and five years 11,639 18,285
18,284 24,930

Non-cancellable operating leases
2024 2023
£    £   
Within one year 60,500 48,500
Between one and five years 99,125 54,458
159,625 102,958

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 18,284 24,930

The hire purchase liabilities are secured on the assets to which the agreements relate.