Registered number
11926229
My Delhi Streetery Limited
Filleted Accounts
30 April 2024
My Delhi Streetery Limited
Registered number: 11926229
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 7,000 8,400
Tangible assets 4 390,769 160,663
397,769 169,063
Current assets
Stocks 16,780 6,830
Debtors 5 106,033 58,901
Cash at bank and in hand 74,382 151,071
197,195 216,802
Creditors: amounts falling due within one year 6 (309,640) (135,944)
Net current (liabilities)/assets (112,445) 80,858
Total assets less current liabilities 285,324 249,921
Creditors: amounts falling due after more than one year 7 (21,713) (31,679)
Net assets 263,611 218,242
Capital and reserves
Called up share capital 200 200
Profit and loss account 263,411 218,042
Shareholders' funds 263,611 218,242
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.
…......................................
Elahi Shah Amin
Director
Approved by the board on 27 June 2024
My Delhi Streetery Limited
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. The lease premium is being written off over ten years on a straight line basis over the life of the lease.
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:
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment 15% reduducing 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 74 31
3 Intangible fixed assets £
Lease premium:
Cost
At 1 May 2023 14,000
At 30 April 2024 14,000
Amortisation
At 1 May 2023 5,600
Provided during the year 1,400
At 30 April 2024 7,000
Net book value
At 30 April 2024 7,000
At 30 April 2023 8,400
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 219,974
Additions 298,407
At 30 April 2024 518,381
Depreciation
At 1 May 2023 59,311
Charge for the year 68,301
At 30 April 2024 127,612
Net book value
At 30 April 2024 390,769
At 30 April 2023 160,663
5 Debtors 2024 2023
£ £
My Delhi Sunderland Ltd - 23,610
Wok India Ltd 78,338 31,596
Other debtors 27,695 3,695
106,033 58,901
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 58,357 21,911
My Delhi Sunderland Ltd 40,000 -
Taxation and social security costs 69,198 44,663
Other creditors 142,085 69,370
309,640 135,944
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - BBL 21,713 31,679
8 Other information
My Delhi Streetery Limited is a private company limited by shares and incorporated in England. Its registered office is:
87a Clayton Street
Newcastle upon Tyne
NE1 5PY
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