Company Registration No. 12040701 (England and Wales)
GURKHA BAR LTD
Unaudited accounts
for the year ended 30 June 2023
GURKHA BAR LTD
Unaudited accounts
Contents
GURKHA BAR LTD
Company Information
for the year ended 30 June 2023
Company Number
12040701 (England and Wales)
Registered Office
135-139 VICTORIA ROAD
ALDERSHOT
GU11 1JW
ENGLAND
Accountants
Asmita & Associates Ltd
114-116 Plumstead High Street
Plumstead
London
SE18 1SJ
GURKHA BAR LTD
Statement of financial position
as at 30 June 2023
Intangible assets
44,000
48,000
Tangible assets
16,876
20,040
Cash at bank and in hand
10,660
15,267
Creditors: amounts falling due within one year
(298,947)
(243,824)
Net current liabilities
(233,021)
(171,083)
Total assets less current liabilities
(172,145)
(103,043)
Creditors: amounts falling due after more than one year
(36,461)
(46,068)
Net liabilities
(208,606)
(149,111)
Called up share capital
99
99
Profit and loss account
(208,705)
(149,210)
Shareholders' funds
(208,606)
(149,111)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2024 and were signed on its behalf by
Navin Gurung
Director
Company Registration No. 12040701
GURKHA BAR LTD
Notes to the Accounts
for the year ended 30 June 2023
GURKHA BAR LTD is a private company, limited by shares, registered in England and Wales, registration number 12040701. The registered office is 135-139 VICTORIA ROAD, ALDERSHOT, GU11 1JW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
GURKHA BAR LTD
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
Other
Total
At 1 July 2022
20,000
40,000
60,000
At 30 June 2023
20,000
40,000
60,000
At 1 July 2022
6,000
6,000
12,000
Charge for the year
2,000
2,000
4,000
At 30 June 2023
8,000
8,000
16,000
At 30 June 2023
12,000
32,000
44,000
At 30 June 2022
14,000
34,000
48,000
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
22,979
9,438
32,417
At 30 June 2023
23,845
9,438
33,283
At 1 July 2022
10,041
2,336
12,377
Charge for the year
2,610
1,420
4,030
At 30 June 2023
12,651
3,756
16,407
At 30 June 2023
11,194
5,682
16,876
At 30 June 2022
12,938
7,102
20,040
Amounts falling due within one year
Amounts due from group undertakings etc.
14,216
16,207
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
6,174
9,279
Amounts owed to group undertakings and other participating interests
22,350
22,350
Taxes and social security
(390)
1,057
Other creditors
2,613
9,686
Loans from directors
262,835
195,784
GURKHA BAR LTD
Notes to the Accounts
for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023
2022
9
Transactions with related parties
The director loan includes credit balance of £262,835 (2022: £195,784) on which no interest has been charged to the company. The condition of the loan is to repay within 12 months of the borrowing. There is no security held by the director against the loan.
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).