| |
|
2025 |
| |
|
£ |
£ |
| Fixed assets |
|
|
51,339 |
| Current assets |
|
7,902 |
|
| Creditors: amount falling due within one year |
|
(59,060) |
|
|
Net current assets
|
|
|
(51,158)
|
|
Total assets less current liabilities
|
|
|
181 |
| Creditors: amount falling due after more than one year |
|
|
(3,072) |
| Provisions for liabilities |
|
|
(127) |
|
Net assets
|
|
|
(3,018) |
| |
|
|
|
|
|
Capital and reserves
|
|
|
(3,018) |
| |
NOTES TO THE ACCOUNTS
General Information
GRILL MASTER PLACE LTD is a private company, limited by shares, registered in England and Wales, registration number 15569663, registration address 1389 London Road, Norbury, London, SW16 4AN.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. There will be continue financial support from Director and shareholder.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
10 Year Straight Line
|
| Fixtures and Fittings |
10 Year Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 16 March 2024 |
- |
|
- |
| Additions |
5,000 |
|
5,000 |
| Disposals |
- |
|
- |
| At 28 February 2025 |
5,000 |
|
5,000 |
| Amortisation |
| At 16 March 2024 |
- |
|
- |
| Charge for period |
333 |
|
333 |
| On disposals |
- |
|
- |
| At 28 February 2025 |
333 |
|
333 |
| Net book values |
| At 28 February 2025 |
4,667 |
|
4,667 |
| At 15 March 2024 |
- |
|
- |
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 16 March 2024 |
- |
|
- |
|
- |
| Additions |
25,000 |
|
25,000 |
|
50,000 |
| Disposals |
- |
|
- |
|
- |
| At 28 February 2025 |
25,000 |
|
25,000 |
|
50,000 |
| Depreciation |
| At 16 March 2024 |
- |
|
- |
|
- |
| Charge for period |
1,664 |
|
1,664 |
|
3,328 |
| On disposals |
- |
|
- |
|
- |
| At 28 February 2025 |
1,664 |
|
1,664 |
|
3,328 |
| Net book values |
| Closing balance as at 28 February 2025 |
23,336 |
|
23,336 |
|
46,672 |
| Opening balance as at 16 March 2024 |
- |
|
- |
|
- |
|
| 4. |
Average number of employees
Average number of employees during the period was 2.
|
For the period ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 30 November 2025 and were signed by: --------------------------------
Shahzada Farrukh MAHMOOD
Director |
1
|