| |
|
2024 |
|
2023 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
80,533 |
|
|
24,000 |
| Current assets |
|
17,677 |
|
|
73,890 |
|
| Creditors: amount falling due within one year |
|
0 |
|
|
(158,098) |
|
|
Net current assets
|
|
|
17,677
|
|
|
(84,208)
|
|
Total assets less current liabilities
|
|
|
98,210 |
|
|
(60,208) |
| Creditors: amount falling due after more than one year |
|
|
(247,187) |
|
|
(254,655) |
|
Net assets
|
|
|
(148,977) |
|
|
(314,863) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(148,977) |
|
|
(314,863) |
| |
NOTES TO THE ACCOUNTS
General Information
SOUTHERN FOODS T/A MADRAS FLAVOURS RESTAURANT LTD is a private company, limited by shares, registered in England and Wales, registration number 11471319, registration address 116 High Street, Hounslow, TW3 1NA.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 10 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 |
5 Straight Line
|
| Fixtures and Fittings |
3 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 01 August 2023 |
40,000 |
|
40,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2024 |
40,000 |
|
40,000 |
| Amortisation |
| At 01 August 2023 |
16,000 |
|
16,000 |
| Charge for period |
24,000 |
|
24,000 |
| On disposals |
- |
|
- |
| At 31 December 2024 |
40,000 |
|
40,000 |
| Net book values |
| At 31 December 2024 |
- |
|
- |
| At 31 July 2023 |
24,000 |
|
24,000 |
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 August 2023 |
- |
|
- |
|
- |
| Additions |
76,763 |
|
18,268 |
|
95,031 |
| Disposals |
- |
|
- |
|
- |
| At 31 December 2024 |
76,763 |
|
18,268 |
|
95,031 |
| Depreciation |
| At 01 August 2023 |
- |
|
- |
|
- |
| Charge for period |
12,324 |
|
2,174 |
|
14,498 |
| On disposals |
- |
|
- |
|
- |
| At 31 December 2024 |
12,324 |
|
2,174 |
|
14,498 |
| Net book values |
| Closing balance as at 31 December 2024 |
64,439 |
|
16,094 |
|
80,533 |
| Opening balance as at 01 August 2023 |
- |
|
- |
|
- |
|
| 5. |
Average number of employees
Average number of employees during the period was 8 (2023 : 9).
|
For the period ended 31 December 2024 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 10 December 2025 and were signed by: --------------------------------
Mubarak ABDUL JABBAR
Director |
1
|