Registered number
10467020
TASTE OF NAWAB LTD
Filleted Accounts
31 October 2024
TASTE OF NAWAB LTD
Registered number: 10467020
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 35,277 39,689
Current assets
Stocks 2,506 4,950
Debtors 4 2,862 8,479
Cash at bank and in hand 13,473 12,995
18,841 26,424
Creditors: amounts falling due within one year 5 (220,644) (161,720)
Net current liabilities (201,803) (135,296)
Total assets less current liabilities (166,526) (95,607)
Creditors: amounts falling due after more than one year 6 (18,608) (27,511)
Net liabilities (185,134) (123,118)
Capital and reserves
Called up share capital 100 100
Profit and loss account (185,234) (123,218)
Shareholders' funds (185,134) (123,118)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Abdul Rahman
Director
Approved by the board on 27 February 2025
TASTE OF NAWAB LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 20% straight line
Fixtures, fittings, tools and equipment 18% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 13
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 53,085 22,198 75,283
Additions 949 4,995 5,944
At 31 October 2024 54,034 27,193 81,227
Depreciation
At 1 November 2023 26,716 8,878 35,594
Charge for the year 4,917 5,439 10,356
At 31 October 2024 31,633 14,317 45,950
Net book value
At 31 October 2024 22,401 12,876 35,277
At 31 October 2023 26,369 13,320 39,689
4 Debtors 2024 2023
£ £
Trade debtors 2,862 6,770
Other debtors - 1,709
2,862 8,479
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 43,322 44,814
MB Finance 4,683 4,680
Trade creditors 63,530 39,250
Directors current account 10,798 -
Taxation and social security costs 27,154 15,937
Other creditors 71,157 57,039
220,644 161,720
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,608 27,511
7 Other information
TASTE OF NAWAB LTD is a private company limited by shares and incorporated in England. Its registered office is:
97 Colney Hatch Lane
Muswell Hill
London
N10 1LR
TASTE OF NAWAB LTD 10467020 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2025 Abdul Rahman No description of principal activity 10467020 2022-11-01 2023-10-31 10467020 core:WithinOneYear 2023-10-31 10467020 core:AfterOneYear 2023-10-31 10467020 core:ShareCapital 2023-10-31 10467020 core:RetainedEarningsAccumulatedLosses 2023-10-31 10467020 2023-11-01 2024-10-31 10467020 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10467020 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10467020 bus:Director40 2023-11-01 2024-10-31 10467020 core:PlantMachinery 2023-11-01 2024-10-31 10467020 core:Vehicles 2023-11-01 2024-10-31 10467020 countries:England 2023-11-01 2024-10-31 10467020 bus:FRS102 2023-11-01 2024-10-31 10467020 bus:FilletedAccounts 2023-11-01 2024-10-31 10467020 2024-10-31 10467020 core:WithinOneYear 2024-10-31 10467020 core:AfterOneYear 2024-10-31 10467020 core:ShareCapital 2024-10-31 10467020 core:RetainedEarningsAccumulatedLosses 2024-10-31 10467020 core:PlantMachinery 2024-10-31 10467020 core:Vehicles 2024-10-31 10467020 2023-10-31 10467020 core:PlantMachinery 2023-10-31 10467020 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure