Curry Inn (Cranleigh) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10056709 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

CURRY INN (CRANLEIGH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S S Ahmed

S A Malik

J Zaman

Mrs H Zaman

SECRETARY:

REGISTERED OFFICE:

214-216 High Street

Cranleigh

Surrey

GU6 8RL

REGISTERED NUMBER:

10056709 (England and Wales)

ACCOUNTANT:

Bernard Brace FCCA

52 Smithbrook Kilns

Cranleigh

Surrey

GU6 8JJ

FIXED ASSETS

Intangible assets

4

52,500

60,000

Tangible assets

5

15,360

19,200

67,860

79,200

CURRENT ASSETS

Stocks

3,500

3,750

Debtors

6

40,798

1,000

Cash at bank and in hand

89,458

65,479

133,756

70,229

CREDITORS

Amounts falling due within one year

7

154,895

123,110

NET CURRENT LIABILITIES

(21,139

)

(52,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

46,721

26,319

CREDITORS

Amounts falling due after more than one year

8

9,200

9,200

NET ASSETS

37,521

17,119

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

9

36,521

16,119

SHAREHOLDERS' FUNDS

37,521

17,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 14 December 2022 and were signed on its behalf by:

J Zaman - Director

Mrs H Zaman - Director

S A Malik - Director

S S Ahmed - Director

1.	STATUTORY INFORMATION

Curry Inn (Cranleigh) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% 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.

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 year 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 year was 17 (2021 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

75,000

AMORTISATION

At 1 April 2021

15,000

Charge for year

7,500

At 31 March 2022

22,500

NET BOOK VALUE

At 31 March 2022

52,500

At 31 March 2021

60,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2021

and 31 March 2022

30,000

DEPRECIATION

At 1 April 2021

10,800

Charge for year

3,840

At 31 March 2022

14,640

NET BOOK VALUE

At 31 March 2022

15,360

At 31 March 2021

19,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

40,798

1,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

5,065

4,413

Taxation and social security

57,857

26,742

Other creditors

91,973

91,955

154,895

123,110

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Other creditors

9,200

9,200

9.

RESERVES

Retained

earnings

£

At 1 April 2021

16,119

Profit for the year

124,613

Dividends

(104,211

)

At 31 March 2022

36,521