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REGISTERED NUMBER: 11964042 (England and Wales)





























Unaudited Financial Statements for the Year Ended 30 April 2024

for

Laurel Street Enterprises Ltd
T/A
Osma Kitchen Bar

Laurel Street Enterprises Ltd (Registered number: 11964042)
T/A Osma Kitchen Bar






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laurel Street Enterprises Ltd
T/A Osma Kitchen Bar

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Ms Danielle Heron
Mr Simon Adam Mobey
Ms Sofie Stoermann-Naess





REGISTERED OFFICE: 132 Bury New Road
Prestwich
Manchester
M25 0AA





REGISTERED NUMBER: 11964042 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Laurel Street Enterprises Ltd (Registered number: 11964042)
T/A Osma Kitchen Bar

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 96,168 74,917

CURRENT ASSETS
Stocks 19,625 17,581
Debtors 5 29,137 29,006
Cash at bank and in hand 15,533 53,364
64,295 99,951
CREDITORS
Amounts falling due within one year 6 (232,232 ) (207,903 )
NET CURRENT LIABILITIES (167,937 ) (107,952 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(71,769

)

(33,035

)

CREDITORS
Amounts falling due after more than one
year

7

(30,716

)

-
NET LIABILITIES (102,485 ) (33,035 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 99,970 99,970
Retained earnings (202,555 ) (133,105 )
SHAREHOLDERS' FUNDS (102,485 ) (33,035 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Laurel Street Enterprises Ltd (Registered number: 11964042)
T/A Osma Kitchen Bar

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Ms Danielle Heron - Director


Laurel Street Enterprises Ltd (Registered number: 11964042)
T/A Osma Kitchen Bar

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Laurel Street Enterprises 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.

Laurel Street Enterprises Ltd (Registered number: 11964042)
T/A Osma Kitchen Bar

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

Going concern
The accounts have been prepared on a going concern basis, the validity of which is dependent upon the support of the directors. The directors have given assurances that this support will continue for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 43,297 47,209 52,616 - 143,122
Additions - - 390 43,730 44,120
At 30 April 2024 43,297 47,209 53,006 43,730 187,242
DEPRECIATION
At 1 May 2023 12,988 26,523 28,694 - 68,205
Charge for year 4,330 5,172 6,079 7,288 22,869
At 30 April 2024 17,318 31,695 34,773 7,288 91,074
NET BOOK VALUE
At 30 April 2024 25,979 15,514 18,233 36,442 96,168
At 30 April 2023 30,309 20,686 23,922 - 74,917

Laurel Street Enterprises Ltd (Registered number: 11964042)
T/A Osma Kitchen Bar

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 43,730
At 30 April 2024 43,730
DEPRECIATION
Charge for year 7,288
At 30 April 2024 7,288
NET BOOK VALUE
At 30 April 2024 36,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,614 21,614
Accrued income 7,523 -
Prepayments - 7,392
29,137 29,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,693 -
Trade creditors 11,090 13,003
Social security and other taxes 3,084 4,912
Wages control account 18,676 24,281
VAT 125,338 81,230
Pension control 1,050 1,453
Directors' loan accounts 61,561 80,524
Accrued expenses 5,740 2,500
232,232 207,903

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 30,716 -

Laurel Street Enterprises Ltd (Registered number: 11964042)
T/A Osma Kitchen Bar

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100