REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AJ RESTAURANTS LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AJ RESTAURANTS LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 |
|
|
|
|
|
AJ RESTAURANTS LIMITED (REGISTERED NUMBER: 08084081) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2022 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
AJ RESTAURANTS LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2022 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
2nd Floor, One Hobbs House, |
Harrovian Business Village |
Bessborough Road |
Harrow |
Middlesex |
HA1 3EX |
AJ RESTAURANTS LIMITED (REGISTERED NUMBER: 08084081) |
|
BALANCE SHEET |
31 MAY 2022 |
|
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 10 |
|
|
Retained earnings | 11 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
AJ RESTAURANTS LIMITED (REGISTERED NUMBER: 08084081) |
|
BALANCE SHEET - continued |
31 MAY 2022 |
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
AJ RESTAURANTS LIMITED (REGISTERED NUMBER: 08084081) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2022 |
|
|
1. | STATUTORY INFORMATION |
|
AJ Restaurants Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents sales of products to customers in the United Kingdom, excluding discounts, rebates, value added tax and other sales taxes. Revenues are recognised when food and beverage products are sold to customers in the restaurant. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Land & Buildings - Although the Companies Act require the systematic annual depreciation of fixed assets, the directors believe t he policy of not providing depreciation is necessary in order for the financial statements to give a true and fair vie w, since an ongoing programme of maintenance enables the current value of property maintained and is o f primary importance, rather than the calculation of a systematic annual depreciation. Depreciation is onl y one of the many factors reflected in the director's assessment and the amount that might otherwise have been included cannot be separately identified or quantified. |
|
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. |
|
Debtors |
Trade debtors are measured at the transaction price, less any provisions for bad or doubtful debts. Loans receivable are measured at their transactional amounts, less any potential impairment. |
|
Cash at bank and in hand |
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hours. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
AJ RESTAURANTS LIMITED (REGISTERED NUMBER: 08084081) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2022 |
|
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 June 2021 |
|
|
|
Additions |
|
|
|
At 31 May 2022 |
|
|
|
DEPRECIATION |
At 1 June 2021 |
|
|
|
Charge for year |
|
|
|
At 31 May 2022 |
|
|
|
NET BOOK VALUE |
At 31 May 2022 |
|
|
|
At 31 May 2021 |
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts (see note 8) |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans (see note 8) |
|
|
|
8. | LOANS |
|
An analysis of the maturity of loans is given below: |
|
2022 | 2021 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
|
|
|
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
|
|
AJ RESTAURANTS LIMITED (REGISTERED NUMBER: 08084081) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2022 |
|
|
9. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2022 | 2021 |
£ | £ |
Bank loans |
|
|
|
10. | CALLED UP SHARE CAPITAL |
|
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
|
Ordinary A | 1 | 51 | 51 |
|
Ordinary B | 1 | 49 | 49 |
100 | 100 |
|
In all respects, the Ordinary A shares and the Ordinary B shares are ranked pari-passu. |
|
11. | RESERVES |
Retained |
earnings |
£ |
|
At 1 June 2021 |
|
Profit for the year |
|
At 31 May 2022 |
|
|
12. | RELATED PARTY DISCLOSURES |
|
At the year end date, included within other creditors is an amount of £173,879 (2021: £146,341) owed to Wisteria Restaurants Limited. Both Mr A Kochhar and Mr J Singh have an indirect beneficial interest in this entity. |
|
At the year end date, included within other creditors is an amount of £7,200 (2021: £6,000) owed to Coriander House Limited. Mr A Kochhar has beneficial interest in this entity. |
|
At the year end date, included within other creditors is an amount of £1,457 (2021: £544) owed to The Indian Crown Restaurants Limited. Mr A Kochhar has beneficial interest in this entity |
|
These amounts are unsecured, interest free and payable or repayable on demand. |
|
13. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling parties are A Kochhar and J Singh. |