SATHI BANGLADESHI RESTAURANT LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09258007 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2020

for

SATHI BANGLADESHI RESTAURANT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Ahmed

M A NOOR

S I Rafique

REGISTERED OFFICE:

33 Lower Road

Chorleywood

Hertfordshire

WD3 5LQ

REGISTERED NUMBER:

09258007 (England and Wales)

ACCOUNTANTS:

Hardy & Co

Chartered Certified Accountants

111 Headstone Road

Harrow

Middlesex

HA1 1PG

FIXED ASSETS

Intangible assets

4

25,000

30,000

Tangible assets

5

52,439

64,221

77,439

94,221

CURRENT ASSETS

Stocks

2,250

1,885

Debtors

6

974

566

Cash at bank and in hand

12,246

10,911

15,470

13,362

CREDITORS

Amounts falling due within one year

7

17,581

78,426

NET CURRENT LIABILITIES

(2,111

)

(65,064

)

TOTAL ASSETS LESS CURRENT LIABILITIES

75,328

29,157

CREDITORS

Amounts falling due after more than one year

8

50,000

-

NET ASSETS

25,328

29,157

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

25,228

29,057

SHAREHOLDERS' FUNDS

25,328

29,157

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 23 October 2021 and were signed on its behalf by:

R Ahmed - Director

1.	STATUTORY INFORMATION

SATHI BANGLADESHI RESTAURANT 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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 4 (2019 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2019

and 31 October 2020

50,000

AMORTISATION

At 1 November 2019

20,000

Charge for year

5,000

At 31 October 2020

25,000

NET BOOK VALUE

At 31 October 2020

25,000

At 31 October 2019

30,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2019

and 31 October 2020

15,481

99,338

114,819

DEPRECIATION

At 1 November 2019

5,792

44,806

50,598

Charge for year

1,549

10,233

11,782

At 31 October 2020

7,341

55,039

62,380

NET BOOK VALUE

At 31 October 2020

8,140

44,299

52,439

At 31 October 2019

9,689

54,532

64,221

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Other debtors

974

566

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans and overdrafts

7,887

-

Trade creditors

-

557

Taxation and social security

8,412

16,656

Other creditors

1,282

61,213

17,581

78,426

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans

50,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,000

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.20

31.10.19

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 November 2019

29,057

Profit for the year

2,171

Dividends

(6,000

)

At 31 October 2020

25,228