Company Registration No. 12037880 (England and Wales)
Hayling Grilled Chicken Limited
Unaudited accounts
for the year ended 30 June 2021
Hayling Grilled Chicken Limited
Unaudited accounts
Contents
Hayling Grilled Chicken Limited
Company Information
for the year ended 30 June 2021
Director
Mr Kathermali Ganesh Vijaendrann
Company Number
12037880 (England and Wales)
Registered Office
10 Rails Lane
Hayling Island
PO11 9LL
United Kingdom
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Hayling Grilled Chicken Limited
Accountants' report
Accountants' report to the director of Hayling Grilled Chicken Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Hayling Grilled Chicken Limited for the year ended
30 June 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Hayling Grilled Chicken Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Hayling Grilled Chicken Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hayling Grilled Chicken Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hayling Grilled Chicken Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hayling Grilled Chicken Limited. You consider that Hayling Grilled Chicken Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hayling Grilled Chicken Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
30 March 2022
Hayling Grilled Chicken Limited
Statement of financial position
as at 30 June 2021
Tangible assets
89,559
77,821
Cash at bank and in hand
32,714
47,215
Creditors: amounts falling due within one year
(94,355)
(104,834)
Net current liabilities
(47,120)
(52,704)
Total assets less current liabilities
42,439
25,117
Creditors: amounts falling due after more than one year
(23,624)
(24,000)
Called up share capital
100
100
Profit and loss account
18,715
1,017
Shareholders' funds
18,815
1,117
For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 March 2022 and were signed on its behalf by
Mr Kathermali Ganesh Vijaendrann
Director
Company Registration No. 12037880
Hayling Grilled Chicken Limited
Notes to the Accounts
for the year ended 30 June 2021
Hayling Grilled Chicken Limited is a private company, limited by shares, registered in England and Wales, registration number 12037880. The registered office is 10 Rails Lane, Hayling Island, PO11 9LL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
The director is assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
Hayling Grilled Chicken Limited
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Plant & machinery
Charge for the year
23,680
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
1,312
-
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
57
-
Loans from directors
93,303
102,136
Included in the creditors above is a loan of £83,303 (2020 - £102,136) from Kathermali Ganesh Vijaendrann, the company director
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 3 (2020: 0).
