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SHIULI RESTAURANTS LIMITED

Registered Number
13204694
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

SHIULI RESTAURANTS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Sunita Panjabi
Alfred Patrick Prasad

Registered Address

128-130 Heath Road
Strawberry Hill
Twickenham
TW1 4BN

Registered Number

13204694 (England and Wales)
SHIULI RESTAURANTS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3182,145161,822
182,145161,822
Current assets
Stocks10,8779,100
Debtors428,11023,169
Cash at bank and on hand265,482221,993
304,469254,262
Creditors amounts falling due within one year5(292,979)(188,698)
Net current assets (liabilities)11,49065,564
Total assets less current liabilities193,635227,386
Creditors amounts falling due after one year6(308,074)(349,740)
Net assets(114,439)(122,354)
Capital and reserves
Called up share capital22
Profit and loss account(114,441)(122,356)
Shareholders' funds(114,439)(122,354)
The financial statements were approved and authorised for issue by the Board of Directors on 21 February 2025, and are signed on its behalf by:
Sunita Panjabi
Director
Registered Company No. 13204694
SHIULI RESTAURANTS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Land and Building - 15 years Plant & Machinery - 25% Reducing Balance Method Office Equipment - 3 years
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year2727
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 23202,344
Additions52,942
At 29 February 24255,286
Depreciation and impairment
At 01 March 2340,522
Charge for year32,619
At 29 February 2473,141
Net book value
At 29 February 24182,145
At 28 February 23161,822
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables161-
Other debtors21,65616,968
Called up share capital not paid, current asset22
Prepayments and accrued income6,2916,199
Total28,11023,169
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables36,01140,534
Bank borrowings and overdrafts5,1735,057
Taxation and social security45,18340,758
Finance lease and HP contracts11,66610,566
Other creditors108,82368,413
Accrued liabilities and deferred income86,12323,370
Total292,979188,698
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts245,000275,000
Other creditors63,07474,740
Total308,074349,740
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts23,07434,740