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Registered number: 13301444
Ekigai Sushi Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Chartax Associates & Co
Chartered Certified Accountants and Tax Consultants
103B Island Business Centre
18-36 Wellington Street
Woolwich
London
SE18 6PF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13301444
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,822 19,063
13,822 19,063
CURRENT ASSETS
Stocks 5 1,525 2,225
Debtors 6 10,015 5,268
Cash at bank and in hand 46,403 33,012
57,943 40,505
Creditors: Amounts Falling Due Within One Year 7 (47,539 ) (46,229 )
NET CURRENT ASSETS (LIABILITIES) 10,404 (5,724 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,226 13,339
Creditors: Amounts Falling Due After More Than One Year 8 (13,551 ) (16,527 )
NET ASSETS/(LIABILITIES) 10,675 (3,188 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 10,575 (3,288 )
SHAREHOLDERS' FUNDS 10,675 (3,188)
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Pratima Thapa
Director
24 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ekigai Sushi Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13301444 . The registered office is 103B Island Business Centre, 18-36 Wellington Street, Woolwich, London, SE18 6PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 5,002 19,727 2,000 26,729
Additions 607 - - 607
As at 31 March 2024 5,609 19,727 2,000 27,336
Depreciation
As at 1 April 2023 2,721 3,945 1,000 7,666
Provided during the period 1,402 3,946 500 5,848
As at 31 March 2024 4,123 7,891 1,500 13,514
Net Book Value
As at 31 March 2024 1,486 11,836 500 13,822
As at 1 April 2023 2,281 15,782 1,000 19,063
5. Stocks
2024 2023
£ £
Stock 1,525 2,225
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,366 1,368
Rent Deposits 3,900 3,900
Other debtors -Uber Eats 4,749 -
10,015 5,268
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,227 2,819
Trade creditors 3,418 7,371
PAYE & NIC payable 1,492 2,416
VAT 7,469 2,851
Net wages 9,884 10,372
Pension payable 290 258
Tamashi Sushi Ltd 14,459 12,842
Accruals and deferred income 1,300 1,300
Director's loan account 6,000 6,000
47,539 46,229
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,551 16,527
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,227 2,819
Later than one year and not later than five years 13,551 16,527
16,778 19,346
16,778 19,346
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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