TRINITY STREET TAKEAWAY LTD - Accounts

TRINITY STREET TAKEAWAY LTD - Accounts

TRINITY STREET TAKEAWAY LTD - Company Information

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Registered Number: 08822670
England and Wales

 

 

 

TRINITY STREET TAKEAWAY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2020

End date: 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TRINITY STREET TAKEAWAY LTD for the year ended 31 March 2021 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of TRINITY STREET TAKEAWAY LTD, as a body, in accordance with the terms of our engagement letter dated 1 March 2018. Our work has been undertaken solely to prepare for your approval the financial statements of TRINITY STREET TAKEAWAY LTD and state those matters that we have agreed to state to the Board of Directors of TRINITY STREET TAKEAWAY LTD, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TRINITY STREET TAKEAWAY LTD and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that TRINITY STREET TAKEAWAY LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and Profit of TRINITY STREET TAKEAWAY LTD. You consider that TRINITY STREET TAKEAWAY LTD 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 financial statements of TRINITY STREET TAKEAWAY LTD. 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 financial statements.



....................................................
P and Co (Partners) LLP
18 Ensign Street
London
E1 8PA
31 August 2021
1
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 3 6,323    6,764 
6,323    6,764 
Current assets      
Stocks 4 715    661 
Debtors: amounts falling due within one year 5 257    1,981 
Cash at bank and in hand 38,282    10,592 
39,254    13,234 
Creditors: amount falling due within one year 6 (25,836)   (17,745)
Net current assets 13,418    (4,511)
 
Total assets less current liabilities 19,741    2,253 
Provisions for liabilities 7 (265)   (353)
Net assets 19,476    1,900 
 

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account 18,476    900 
Shareholders funds 19,476    1,900 
 


For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 August 2021 and were signed by:


--------------------------------
Mr Wai Hung Kwan
Director
2
General Information
TRINITY STREET TAKEAWAY LTD is a private company, limited by shares, registered in England and Wales, registration number 08822670, registration address 5 TRINITY STREET, DORCHESTER , , DT1 1TU

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 10 (2020 : 11).
3.

Tangible fixed assets

Cost or valuation Leasehold properties   Fixtures and Fittings   Total
  £   £   £
At 01 April 2020 5,000    5,529    10,529 
Additions -    -    - 
Disposals -    -    - 
At 31 March 2021 5,000    5,529    10,529 
Depreciation
At 01 April 2020 -    3,765    3,765 
Charge for year -    441    441 
On disposals -    -    - 
At 31 March 2021 -    4,206    4,206 
Net book values
Closing balance as at 31 March 2021 5,000    1,323    6,323 
Opening balance as at 01 April 2020 5,000    1,764    6,764 


4.

Stocks

2021
£		   2020
£
Finished Goods 715    661 
715    661 

5.

Debtors: amounts falling due within one year

2021
£		   2020
£
Prepayments & Accrued Income 150    147 
PAYE & Social Security 107    - 
Directors' Current Accounts -    1,834 
257    1,981 

6.

Creditors: amount falling due within one year

2021
£		   2020
£
Trade Creditors 354    356 
Corporation Tax 11,243    6,380 
PAYE & Social Security -    432 
Accrued Expenses 4,689    7,408 
Other Creditors -    (1)
Directors' Current Accounts 8,973    - 
VAT 577    3,170 
25,836    17,745 

7.

Provisions for liabilities

2021
£		   2020
£
Deferred Tax 265    353 
265    353 

3