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REGISTERED NUMBER: SC631996 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

THE INDIAN SIZZLER COATBRIDGE LTD

THE INDIAN SIZZLER COATBRIDGE LTD (REGISTERED NUMBER: SC631996)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


THE INDIAN SIZZLER COATBRIDGE LTD (REGISTERED NUMBER: SC631996)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 661 881

CURRENT ASSETS
Stocks 5 5,220 5,220
Debtors 6 13,148 7,610
Cash at bank and in hand 1,727 5,893
20,095 18,723
CREDITORS
Amounts falling due within one year 7 21,644 27,896
NET CURRENT LIABILITIES (1,549 ) (9,173 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(888

)

(8,292

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (890 ) (8,294 )
(888 ) (8,292 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 INDIAN SIZZLER COATBRIDGE LTD (REGISTERED NUMBER: SC631996)

BALANCE SHEET - continued
31 May 2024



The financial statements were approved by the director and authorised for issue on 5 February 2025 and were signed by:





S Singh - Director


THE INDIAN SIZZLER COATBRIDGE LTD (REGISTERED NUMBER: SC631996)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

The Indian Sizzler Coatbridge Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC631996

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
North Lanarkshire
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 8 ) .

THE INDIAN SIZZLER COATBRIDGE LTD (REGISTERED NUMBER: SC631996)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 1,600
DEPRECIATION
At 1 June 2023 719
Charge for year 220
At 31 May 2024 939
NET BOOK VALUE
At 31 May 2024 661
At 31 May 2023 881

5. STOCKS
31.5.24 31.5.23
£    £   
Stocks 5,220 5,220

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 13,148 7,610

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 2,864 1,784
Tax 1,788 1,549
Social security and other taxes 407 4,242
VAT 7,902 15,828
Directors' current accounts 905 1,461
Accrued expenses 7,778 3,032
21,644 27,896

8. FINANCIAL INSTRUMENTS

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.