Registered number
11926176
OZGRILL LTD
Filleted Accounts
30 April 2024
OZGRILL LTD
Registered number: 11926176
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,022 21,392
Current assets
Debtors 4 97,998 140,763
Cash at bank and in hand 98,998 85,383
196,996 226,146
Creditors: amounts falling due within one year 5 (78,474) (92,016)
Net current assets 118,522 134,130
Total assets less current liabilities 135,544 155,522
Creditors: amounts falling due after more than one year 6 (21,877) (31,667)
Net assets 113,667 123,855
Capital and reserves
Called up share capital 100 100
Profit and loss account 113,567 123,755
Shareholders' funds 113,667 123,855
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Miss Emral Ozdas
Director
Approved by the board on 14 January 2025
OZGRILL LTD
Notes to the Accounts
for the year ended 30 April 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:
Plant and machinery depreciated 20% reducing balance
Vehicle depreciated 20% reducing balance
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 18,482 13,162 31,644
At 30 April 2024 18,482 13,162 31,644
Depreciation
At 1 May 2023 5,514 4,738 10,252
Charge for the year 2,685 1,685 4,370
At 30 April 2024 8,199 6,423 14,622
Net book value
At 30 April 2024 10,283 6,739 17,022
At 30 April 2023 12,968 8,424 21,392
4 Debtors 2024 2023
£ £
Trade debtors - (3)
Amounts owed by group undertakings and undertakings in which the company has a participating interest 80,050 132,700
Other debtors 17,948 8,066
97,998 140,763
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,727 8,776
Taxation and social security costs 64,205 81,586
Other creditors 2,542 1,654
78,474 92,016
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,877 31,667
7 Controlling party
Miss Emral Ozdas
8 Other information
OZGRILL LTD is a private company limited by shares and incorporated in England. Its registered office is:
25 Camden High Street
London
England
NW1 7JE
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