Sharat's Kitchen Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 10362194

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		52,000		58,500
Tangible Assets	5		362,794		419,066

			414,794		477,566
CURRENT ASSETS
Stocks	6	4,755		9,550
Debtors	7	19,173		28,620
Cash at bank and in hand		59,209		40,130

		83,137		78,300
Creditors: Amounts Falling Due Within One Year	8	(130,756 )		(175,478 )

NET CURRENT ASSETS (LIABILITIES)			(47,619 )		(97,178 )

TOTAL ASSETS LESS CURRENT LIABILITIES			367,175		380,388

Creditors: Amounts Falling Due After More Than One Year	9		(320,851 )		(363,175 )

NET ASSETS			46,324		17,213

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			46,323		17,212

SHAREHOLDERS' FUNDS			46,324		17,213

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Sharat's Kitchen Ltd

Balance Sheet (continued)

As At 31 October 2024

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Sharatkumar Peddapuran

Director

29 July 2025

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Sharat's Kitchen Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10362194 . The registered office is 13 Bramshaw Road, Tilehurst, Reading, RG30 6AT.

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. 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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Leasehold	25% WDV method for Depreciation
Plant & Machinery	15% WDV method for Depreciation
Motor Vehicles	15% WDV method for Depreciation
Fixtures & Fittings	15% WDV method for Depreciation
Computer Equipment	15% WDV method for Depreciation

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Sharat's Kitchen Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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: 17 (2023: 20)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2023	65,000

As at 31 October 2024	65,000

Amortisation
As at 1 November 2023	6,500
Provided during the period	6,500

As at 31 October 2024	13,000

Net Book Value
As at 31 October 2024	52,000

As at 1 November 2023	58,500

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Sharat's Kitchen Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2023	23,402	253,419	266,893	16,663	560,377
Additions	-	10,120	2,931	5,807	18,858

As at 31 October 2024	23,402	263,539	269,824	22,470	579,235

Depreciation
As at 1 November 2023	11,701	40,790	86,245	2,575	141,311
Provided during the period	2,925	33,073	36,374	2,758	75,130

As at 31 October 2024	14,626	73,863	122,619	5,333	216,441

Net Book Value
As at 31 October 2024	8,776	189,676	147,205	17,137	362,794

As at 1 November 2023	11,701	212,629	180,648	14,088	419,066

6. Stocks

	2024	2023
	£	£
Stock	4,755	9,550

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,614	11,869
Prepayments and accrued income	3,059	3,040
Rent deposit	13,500	13,500
Other-debtors	-	211

	19,173	28,620

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Sharat's Kitchen Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	8,757	23,716
Bank loans and overdrafts	8,261	13,004
Other taxes and social security	605	1,504
VAT	7,058	21,636
Net wages	11,450	23,337
Director's loan account	94,625	92,281

	130,756	175,478

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	58,211	81,203
Bank loans	28,438	33,970
Other creditors	34,202	48,002
Directors loan account	200,000	200,000

	320,851	363,175

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	87,429	129,965
Less: Finance charges allocated to future periods	29,218	48,762

	58,211	81,203

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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Sharat's Kitchen Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	65,000	-
Later than one year and not later than five years	260,000	-
Later than five years	910,000	-

	1,235,000	-

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