Taba Restaurants Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10413361 (England and Wales)

Financial Statements for the Year Ended 30 September 2020

for

Taba Restaurants Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mr Abid Mohamood Hamid

REGISTERED OFFICE:

Bridge House

9 -13 Holbrook Lane

Coventry

West Midlands

CV6 4AD

REGISTERED NUMBER:

10413361 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Property, plant and equipment

4

50,417

5,532

CURRENT ASSETS

Inventories

5

5,725

4,823

Cash at bank and in hand

43,245

10,032

48,970

14,855

CREDITORS

Amounts falling due within one year

6

46,541

19,218

NET CURRENT ASSETS/(LIABILITIES)

2,429

(4,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,846

1,169

CREDITORS

Amounts falling due after more than one year

7

50,000

-

NET ASSETS

2,846

1,169

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

2,746

1,069

SHAREHOLDERS' FUNDS

2,846

1,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 11 May 2021 and were signed by:

Mr Abid Mohamood Hamid - Director

1.	STATUTORY INFORMATION

Taba Restaurants 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

Revenue 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.

Fixtures and fittings

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 8 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2019

7,500

-

7,500

Additions

35,857

25,833

61,690

At 30 September 2020

43,357

25,833

69,190

DEPRECIATION

At 1 October 2019

1,968

-

1,968

Charge for year

10,347

6,458

16,805

At 30 September 2020

12,315

6,458

18,773

NET BOOK VALUE

At 30 September 2020

31,042

19,375

50,417

At 30 September 2019

5,532

-

5,532

5.	INVENTORIES

30.9.20

30.9.19

£

£

Stocks

5,725

4,823

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Corporation Tax

8,588

4,114

Social security and other taxes

4,656

4,718

Value Added Tax

10,421

4,904

Directors' current accounts

22,876

3,982

Accrued expenses

-

1,500

46,541

19,218

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans - 2-5 years

50,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 October 2019

1,069

Profit for the year

39,677

Dividends

(38,000

)

At 30 September 2020

2,746

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 September 2020 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................