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REGISTERED NUMBER: 08471166 (England and Wales)










Shel Restaurant Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Shel Restaurant Limited (Registered number: 08471166)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shel Restaurant Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: Mr B D Williams





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 08471166 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Shel Restaurant Limited (Registered number: 08471166)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,107 95,595

CURRENT ASSETS
Stocks 8,270 3,148
Debtors 5 14,916 37,317
Cash at bank 91,960 71,926
115,146 112,391
CREDITORS
Amounts falling due within one year 6 327,146 330,456
NET CURRENT LIABILITIES (212,000 ) (218,065 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(125,893

)

(122,470

)

PROVISIONS FOR LIABILITIES 16,359 18,162
NET LIABILITIES (142,252 ) (140,632 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (142,352 ) (140,732 )
SHAREHOLDERS' FUNDS (142,252 ) (140,632 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 financial statements were approved by the director and authorised for issue on 13 March 2025 and were signed by:





Mr B D Williams - Director


Shel Restaurant Limited (Registered number: 08471166)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Shel Restaurant Limited 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.

Going Concern

As at the balance sheet date, the company had net liabilities. This includes loans from directors. The directors aim to continue to support the company for the foreseeable future.

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.
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

No depreciation is provided until the assets are brought into use.

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.

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.

Hire purchase and leasing commitments
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.

Shel Restaurant Limited (Registered number: 08471166)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Grant income
Grant income is recognised when the company meets all the conditions associated with the grant.

Grants relating to revenue expenditure are recognised in the profit & loss to match the timing of the associated expenditure.

Grants relating to capital items are deferred and released inline with the depreciation policy.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 4,528 329,587 334,115
Additions - 9,365 9,365
At 30 June 2024 4,528 338,952 343,480
DEPRECIATION
At 1 July 2023 - 238,520 238,520
Charge for year - 18,853 18,853
At 30 June 2024 - 257,373 257,373
NET BOOK VALUE
At 30 June 2024 4,528 81,579 86,107
At 30 June 2023 4,528 91,067 95,595

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 240
Other debtors 14,916 37,077
14,916 37,317

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 185,979 191,170
Taxation and social security 52,081 29,224
Other creditors 89,086 110,062
327,146 330,456

Other creditors include loans from director amounting to £20,171 (2023: £5,668). These loans are unsecured, interest free and have no defined repayment terms. The directors aim to continue to support the company for the foreseeable future.

7. ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with the director who holds the issued share capital in its entirety.

Shel Restaurant Limited (Registered number: 08471166)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. GOING CONCERN

As at 30 June 2024 the companies net liabilities exceeded net assets by £142,252 (2023: £140,632). With ongoing support from the directors and continued trade it is expected to lead to future profitability and the company is expected to become self sustainable.