Sharat's Kitchen Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—7

Registered number: 10362194

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		45,500		52,000
Tangible Assets	5		291,679		362,794

			337,179		414,794
CURRENT ASSETS
Stocks	6	5,445		4,755
Debtors	7	18,838		19,173
Cash at bank and in hand		17,232		59,209

		41,515		83,137
Creditors: Amounts Falling Due Within One Year	8	(121,126 )		(130,756 )

NET CURRENT ASSETS (LIABILITIES)			(79,611 )		(47,619 )

TOTAL ASSETS LESS CURRENT LIABILITIES			257,568		367,175

Creditors: Amounts Falling Due After More Than One Year	9		(295,081 )		(320,851 )

NET (LIABILITIES)/ASSETS			(37,513 )		46,324

CAPITAL AND RESERVES
Called up share capital	11		1		1
Income Statement			(37,514 )		46,323

SHAREHOLDERS' FUNDS			(37,513)		46,324

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Sharat's Kitchen Ltd

Statement of Financial Position (continued)

As At 31 October 2025

For the year ending 31 October 2025 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 Income Statement.

On behalf of the board

Mr Sharatkumar Peddapuran

Director

20 July 2026

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 income statement 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 2025

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 income statement 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 income statement 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 (2024: 17)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	65,000

As at 31 October 2025	65,000

Amortisation
As at 1 November 2024	13,000
Provided during the period	6,500

As at 31 October 2025	19,500

Net Book Value
As at 31 October 2025	45,500

As at 1 November 2024	52,000

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Sharat's Kitchen Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	23,402	263,539	269,824	22,470	579,235
Additions	-	630	-	-	630

As at 31 October 2025	23,402	264,169	269,824	22,470	579,865

Depreciation
As at 1 November 2024	14,626	73,863	122,619	5,333	216,441
Provided during the period	2,194	28,466	36,801	4,284	71,745

As at 31 October 2025	16,820	102,329	159,420	9,617	288,186

Net Book Value
As at 31 October 2025	6,582	161,840	110,404	12,853	291,679

As at 1 November 2024	8,776	189,676	147,205	17,137	362,794

6. Stocks

	2025	2024
	£	£
Stock	5,445	4,755

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	2,614
Prepayments and accrued income	5,338	3,059
Rent deposit	13,500	13,500

	18,838	19,173

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Sharat's Kitchen Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,236	8,757
Bank loans and overdrafts	3,260	8,261
Other taxes and social security	4,953	605
VAT	5,352	7,058
Net wages	12,759	11,450
Other creditors	102	-
Director's loan account	91,464	94,625

	121,126	130,756

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	35,220	58,211
Bank loans	23,059	28,438
Other creditors	36,802	34,202
Director's loan account	200,000	200,000

	295,081	320,851

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	54,666	87,429
Less: Finance charges allocated to future periods	19,446	29,218

	35,220	58,211

11. Share Capital

	2025	2024
	£	£
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 2025

12. Other Commitments

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

	2025	2024
	£	£
Not later than one year	65,000	65,000
Later than one year and not later than five years	260,000	260,000
Later than five years	845,000	910,000

	1,170,000	1,235,000

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