Crazy Cook Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09546031 (England and Wales)

Crazy Cook Ltd

Trading as

Tarshish

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2023

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr F Yavuz

Mr E Yavuz

REGISTERED OFFICE:

1st Floor 16-20 High Road

London

N22 6BX

REGISTERED NUMBER:

09546031 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors 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 Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crazy Cook Ltd for the year ended 31 March 2023 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Crazy Cook Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crazy Cook Ltd and state those matters that we have agreed to state to the Board of Directors of Crazy Cook Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crazy Cook Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crazy Cook 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 Crazy Cook Ltd. You consider that Crazy Cook 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 Crazy Cook 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.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

22 December 2023

FIXED ASSETS

Property, plant and equipment

4

665,638

412,854

CURRENT ASSETS

Inventories

5

31,838

30,317

Debtors

6

82,687

50,924

Cash at bank and in hand

107,755

371,778

222,280

453,019

CREDITORS

Amounts falling due within one year

7

455,067

380,244

NET CURRENT (LIABILITIES)/ASSETS

(232,787

)

72,775

TOTAL ASSETS LESS CURRENT LIABILITIES

432,851

485,629

CREDITORS

Amounts falling due after more than one year

8

(125,333

)

(184,461

)

PROVISIONS FOR LIABILITIES

10

(105,666

)

(51,338

)

NET ASSETS

201,852

249,830

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

201,752

249,730

SHAREHOLDERS' FUNDS

201,852

249,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 December 2023 and were signed on its behalf by:

Mr E Yavuz - Director

1.	STATUTORY INFORMATION

Crazy Cook 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover is derived from the ordinary trading activities of the business and is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

straight line over the life of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

20% 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 31 (2022 - 35 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2022

882,271

Additions

415,198

At 31 March 2023

1,297,469

DEPRECIATION

At 1 April 2022

469,417

Charge for year

162,414

At 31 March 2023

631,831

NET BOOK VALUE

At 31 March 2023

665,638

At 31 March 2022

412,854

5.	INVENTORIES

2023

2022

£

£

Stocks

31,838

30,317

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

6,122

-

Other debtors

76,565

50,924

82,687

50,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts (see note 9)

47,540

34,872

Trade creditors

87,376

58,064

Taxation and social security

281,276

255,603

Other creditors

38,875

31,705

455,067

380,244

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans (see note 9)

125,333

184,461

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

125,333

184,461

9.

LOANS

The Coronavirus Business Interruption Loan.

10.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

105,666

51,338

Deferred

tax

£

Balance at 1 April 2022

51,338

Charge to Income Statement during year

54,328

Balance at 31 March 2023

105,666

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 April 2022

249,730

Profit for the year

151,022

Dividends

(199,000

)

At 31 March 2023

201,752

13.	RELATED PARTY DISCLOSURES

Transactions with member of the key management personnel:

The amount due to related party at balance sheet date is £493 (2022 - £250). An interest- free loan is payable on demand and presented within creditors' note.

Transactions with entities under common and joint control:

The amounts due from related party at balance sheet date £13,699 (2022-£10,099). An interest -free loan is repayable on demand and presented within debtors' note.