Best Churros Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14949486

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		24,252		26,002
Tangible Assets	5		48,430		54,979

			72,682		80,981
CURRENT ASSETS
Stocks	6	3,297		1,870
Debtors	7	96,016		63,315
Cash at bank and in hand		26,077		-

		125,390		65,185
Creditors: Amounts Falling Due Within One Year	8	(193,911 )		(99,563 )

NET CURRENT ASSETS (LIABILITIES)			(68,521 )		(34,378 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,161		46,603

NET ASSETS			4,161		46,603

CAPITAL AND RESERVES
Called up share capital			100		100
Revaluation reserve	9		63,965		74,000
Profit and Loss Account			(59,904 )		(27,497 )

SHAREHOLDERS' FUNDS			4,161		46,603

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Best Churros Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 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

P C Stagg

Director

15/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Best Churros Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14949486 . The registered office is Unit Q Gunnels Wood Park, Gunnels Wood Road, Stevenage, SG1 2BH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company continues to have the financial support of it's directors and shareholders and so these accounts are prepared on a going concern basis.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are being amortised to profit and loss account over its estimated economic life of 10 or 5 years.

2.5. 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	33% / 10% Straight line
Fixtures & Fittings	33% Straight line

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 5)

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Best Churros Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	26,164
Additions	1,083

As at 31 December 2024	27,247

Amortisation
As at 1 January 2024	162
Provided during the period	2,833

As at 31 December 2024	2,995

Net Book Value
As at 31 December 2024	24,252

As at 1 January 2024	26,002

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	43,951	11,443	55,394
Additions	1,970	705	2,675

As at 31 December 2024	45,921	12,148	58,069

Depreciation
As at 1 January 2024	394	21	415
Provided during the period	5,317	3,907	9,224

As at 31 December 2024	5,711	3,928	9,639

Net Book Value
As at 31 December 2024	40,210	8,220	48,430

As at 1 January 2024	43,557	11,422	54,979

6. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	3,297	1,870

7. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Other debtors	96,016	63,315

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Best Churros Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Other taxes and social security	1,277	-
Other creditors	139,225	65,344
Accruals and deferred income	53,409	34,219

	193,911	99,563

9. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	74,000
Transfer to profit and loss	(10,035 )

As at 31 December 2024	63,965

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