REGISTERED NUMBER: 08944291 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ASIAN GRILL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Alam

M A Salam

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

08944291 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

1,000

Tangible assets

5

11,705

13,370

11,705

14,370

CURRENT ASSETS

Stocks

6

5,247

5,081

Debtors

7

14,250

14,250

Cash at bank and in hand

28,274

38,498

47,771

57,829

CREDITORS

Amounts falling due within one year

8

53,225

40,291

NET CURRENT (LIABILITIES)/ASSETS

(5,454

)

17,538

TOTAL ASSETS LESS CURRENT LIABILITIES

6,251

31,908

CREDITORS

Amounts falling due after more than one year

9

24,202

28,702

NET (LIABILITIES)/ASSETS

(17,951

)

3,206

CAPITAL AND RESERVES

Called up share capital

11

200

200

Retained earnings

12

(18,151

)

3,006

SHAREHOLDERS' FUNDS

(17,951

)

3,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

S Alam - Director

1.	STATUTORY INFORMATION

Asian Grill Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

10,000

AMORTISATION

At 1 October 2023

9,000

Amortisation for year

1,000

At 30 September 2024

10,000

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

1,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2023

28,916

2,650

532

32,098

Disposals

-

(2,650

)

-

(2,650

)

At 30 September 2024

28,916

-

532

29,448

DEPRECIATION

At 1 October 2023

16,089

2,296

343

18,728

Charge for year

1,282

-

29

1,311

Eliminated on disposal

-

(2,296

)

-

(2,296

)

At 30 September 2024

17,371

-

372

17,743

NET BOOK VALUE

At 30 September 2024

11,545

-

160

11,705

At 30 September 2023

12,827

354

189

13,370

6.

STOCKS

30/9/24

30/9/23

£

£

Stocks

5,247

5,081

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Other debtors

14,250

14,250

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Trade creditors

6,762

5,143

Tax

4,963

12,148

Social security and other taxes

6,110

-

Pensions

1,006

-

VAT

21,514

12,336

Directors' current accounts

11,220

9,014

Accrued expenses

1,650

1,650

53,225

40,291

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/24

30/9/23

£

£

Bank loans (see note 10)

24,202

28,702

10.

LOANS

An analysis of the maturity of loans is given below:

30/9/24

30/9/23

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

24,202

28,702

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/24

30/9/23

value:

£

£

200

Ordinary

£1

200

200

12.

RESERVES

Retained

earnings

£

At 1 October 2023

3,006

Deficit for the year

(21,157

)

At 30 September 2024

(18,151

)