New Hove Sushi Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12144225 (England and Wales)

Unaudited Financial Statements

for the Period 7 August 2019 to 31 August 2020

for

New Hove Sushi Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms M Pan

Mr J Yu

REGISTERED OFFICE:

57 Rotherfield Crescent

Brighton

BN1 8FH

REGISTERED NUMBER:

12144225 (England and Wales)

ACCOUNTANTS:

L&W Chartered Certified Accountants

1st Floor

30 Charing Cross Road

London

WC2H 0DE

CURRENT ASSETS

Stocks

4

16,000

Debtors

5

26,330

Cash at bank and in hand

69,781

112,111

CREDITORS

Amounts falling due within one year

6

85,749

NET CURRENT ASSETS

26,362

TOTAL ASSETS LESS CURRENT LIABILITIES

26,362

CAPITAL AND RESERVES

Called up share capital

7

10,096

Retained earnings

8

16,266

SHAREHOLDERS' FUNDS

26,362

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 December 2020 and were signed on its behalf by:

Ms M Pan - Director

Mr J Yu - Director

1.	STATUTORY INFORMATION

New Hove Sushi Ltd 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.

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 period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4.

STOCKS

£

Stocks

16,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

24,935

VAT

761

Prepayments and accrued income

634

26,330

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

30,000

Trade creditors

19,210

Tax

2,470

Social security and other taxes

8,367

Directors' current accounts

4,177

Accrued expenses

21,525

85,749

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

100.9

6

10,096

8.

RESERVES

Retained

earnings

£

Profit for the period

16,266

At 31 August 2020

16,266