Company registration number: 14164964
Unaudited financial statements
for the year ended 30 June 2024
for
Phat Buns Darc Limited
Pages for filing with the Registrar
Company registration number: 14164964
Phat Buns Darc Limited
Balance sheet
as at 30 June 2024
30 Jun 24 30 Jun 23
Note £ £ £ £
Fixed assets
Tangible assets 4 85,017 86,824
85,017 86,824
Current assets
Stocks 1,780 -
Debtors (1,250) -
Cash at bank and in hand 8,717 17,176
9,247 17,176
Creditors: amounts falling due within one
year
- (36,714)
Net current assets/(liabilities) 9,247 (19,538)
Total assets less current liabilities 94,264 67,286
Creditors: Amounts falling due after more
than one year
(151,333) (163,474)
NET LIABILITIES (57,069) (96,188)
Capital and reserves
Called up share capital 100 100
Profit and loss account (57,169) (96,288)
TOTAL EQUITY (57,069) (96,188)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14164964
Phat Buns Darc Limited
Balance sheet - continued
as at 30 June 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 27 March 2025 and signed on its behalf by:
Mr R MEAH, Director Mr D REHMAN, Director
27 March 2025 27 March 2025
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Phat Buns Darc Limited
Notes to the financial statements
for the year ended 30 June 2024
1 Company information
Phat Buns Darc Limited is a private company registered in England and Wales. Its registered number is 14164964. The company is limited by shares. Its registered office is 113-119 London Road, Sheffield, S24LE.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Plant and machinery etc.:
Fixtures & fittings - 15% 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.
3 Average number of employees
During the year the average number of employees was 7 (2023 - 7).
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Phat Buns Darc Limited
Notes to the financial statements - continued
for the year ended 30 June 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 July 2023 86,824
Additions 13,196
At 30 June 2024 100,020
Depreciation
Charge for year 15,003
At 30 June 2024 15,003
Net book value
At 30 June 2024 85,017
At 30 June 2023 86,824
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