Shinobi Sushi Ltd - Filleted accounts

Registered number

09772837

Shinobi Sushi Ltd

Filleted Accounts

30 September 2024

Shinobi Sushi Ltd
Registered number:		09772837
Balance Sheet
As at 30 September 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		11,566			16,331

Current assets
Stocks		3,250			2,685
Debtors	5	130,394			148,604
Cash at bank and in hand		7,688			17,702
		141,332			168,991

Creditors: amounts falling due within one year	6	(53,454)			(54,851)

Net current assets			87,878			114,140

Total assets less current liabilities			99,444			130,471

Creditors: amounts falling due after more than one year	7		(19,328)			(37,193)



Net assets			80,116			93,278

Capital and reserves
Called up share capital			100			100
Profit and loss account			80,016			93,178

Shareholders' funds			80,116			93,278

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 members have 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.




Rajan Maharjan
Director
Approved by the board on 13 June 2025

Shinobi Sushi Ltd
Notes to the Accounts
For the year ended 30 September 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Leasehold land and buildings			Over the lease term
	Motor vehicles			25% straight line
	Fixtures, fittings, tools and equipment			10% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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					11		10


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 October 2023							15,000
	At 30 September 2024							15,000

	Amortisation
	At 1 October 2023							15,000
	At 30 September 2024							15,000

	Net book value
	At 30 September 2024							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2023	18,436		28,386		6,820		53,642
	Additions	-		136		-		136
	At 30 September 2024	18,436		28,522		6,820		53,778

	Depreciation
	At 1 October 2023	14,339		16,152		6,820		37,311
	Charge for the year	2,049		2,852		-		4,901
	At 30 September 2024	16,388		19,004		6,820		42,212

	Net book value
	At 30 September 2024	2,048		9,518		-		11,566
	At 30 September 2023	4,097		12,234		-		16,331


5	Debtors					2024		2023
£							£

	Trade debtors					1,970		7,930
	Jaya Housing Ltd					51,137		57,137
	Sunkhari Limited					52,087		52,087
	Prepayments					-		6,250
	Rent deposits					25,200		25,200
						130,394		148,604


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					18,562		17,655
	Trade creditors					4,182		14,112
	Taxation and social security costs					24,768		17,257
	Wages outstanding					5,942		5,827
						53,454		54,851


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					19,328		37,193


8	Controlling party

	The company was controlled throughout the current year by the company director, Rajan Maharjan and the shareholder Matina Maharjan by virtue of the fact that between them they own the entire issued share capital of the company.


9	Other information

	Shinobi Sushi Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	85 Junction Road
	London
	N19 5QU