Registered number
08687142
Bonzai Sushi & Noodle Ltd
Unaudited Filleted Accounts
25 August 2024
Bonzai Sushi & Noodle Ltd
Registered number: 08687142
Balance Sheet
as at 25 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 43,166 9,278
Current assets
Stocks 13,373 14,093
Debtors 4 421,872 255,895
Investments held as current assets 5 100 100
Cash at bank and in hand 123,204 171,796
558,549 441,884
Creditors: amounts falling due within one year 6 (192,405) (116,012)
Net current assets 366,144 325,872
Total assets less current liabilities 409,310 335,150
Creditors: amounts falling due after more than one year 7 (17,274) -
Provisions for liabilities (981) -
Net assets 391,055 335,150
Capital and reserves
Called up share capital 100 100
Profit and loss account 390,955 335,050
Shareholder's funds 391,055 335,150
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Duanyang Chen
Director
Approved by the board on 23 May 2025
Bonzai Sushi & Noodle Ltd
Notes to the Accounts
for the year ended 25 August 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:
Freehold buildings None
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 38 38
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 26 August 2023 11,000 139,166 - 150,166
Additions - - 47,090 47,090
Group transfer - - - -
At 25 August 2024 11,000 139,166 47,090 197,256
Depreciation
At 26 August 2023 9,217 131,671 - 140,888
Charge for the year 1,783 7,495 3,924 13,202
At 25 August 2024 11,000 139,166 3,924 154,090
Net book value
At 25 August 2024 - - 43,166 43,166
At 25 August 2023 1,783 7,495 - 9,278
Freehold land and buildings: 2024 2023
£ £
Historical cost - 208,295
Group transfer to Ebike Rental Ltd (a wholly owned subsidiary) - 208,295
- -
4 Debtors 2024 2023
£ £
Trade debtors 72,062 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 308,295 208,295
Other debtors 41,515 47,600
421,872 255,895
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 100 100
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,308 -
Trade creditors 40,719 7,027
Taxation and social security costs 61,806 27,719
Other creditors 79,572 81,266
192,405 116,012
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,274 -
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 290,375 290,375
9 Related party transactions
The director voted and paid a final dividend of £67,000.00 on 25th August 2024. The company sold imported Food packaging to LOKYO Packaging UK Ltd and the major shareholder and director of the company, namely Xiaoquing Zhou, was former wife of Mr Duanyang Chen, in the sum of £72,062 and balance due from the company at the year end was £72,062.
10 Controlling party
The company is 100% owned by Mr Duanyang Chen, the director.
11 Other information
Bonzai Sushi & Noodle Ltd is a private company limited by shares and incorporated in England. Its registered office is:
352A Carlton Hill
Nottingham
NG4 1JB
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