Palace Tandoori (Denby Dale) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10926254 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2020

for

Palace Tandoori (Denby Dale) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Hassan

REGISTERED OFFICE:

Palace Tandoori (Denby Dale) Limited

319-321 Wakefield Road

Denby Dale

Huddersfield

West Yorkshire

HD8 8RX

REGISTERED NUMBER:

10926254 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,000

3,000

CURRENT ASSETS

Stocks

13,500

2,000

Debtors

5

41,287

10,328

Cash at bank and in hand

16,262

1,979

71,049

14,307

CREDITORS

Amounts falling due within one year

6

(72,875

)

(16,794

)

NET CURRENT LIABILITIES

(1,826

)

(2,487

)

TOTAL ASSETS LESS CURRENT LIABILITIES

174

513

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

74

413

SHAREHOLDERS' FUNDS

174

513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 December 2020 and were signed by:

A Hassan - Director

1.	STATUTORY INFORMATION

Palace Tandoori (Denby Dale) Limited 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.

Tangible fixed assets

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

Motor vehicles

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 September 2019

and 31 August 2020

4,000

DEPRECIATION

At 1 September 2019

1,000

Charge for year

1,000

At 31 August 2020

2,000

NET BOOK VALUE

At 31 August 2020

2,000

At 31 August 2019

3,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

41,287

10,328

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

60,000

-

Trade creditors

7,435

6,011

Taxation and social security

4,078

8,933

Other creditors

1,362

1,850

72,875

16,794

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2020 and

31 August 2019:

2020

2019

£

£

A Hassan

Balance outstanding at start of year

6,273

15,494

Amounts advanced

36,621

10,181

Amounts repaid

(5,360

)

(19,402

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

37,534

6,273

The directors operate current accounts and advances and credits disclosed above represent aggregates

for the period.

Interest has been charged on the overdrawn loan account at a rate of 2.5%.