Company Registration No. 12930704 (England and Wales)
151 STEAKHOUSE LTD
Unaudited accounts
for the year ended 31 October 2022
151 STEAKHOUSE LTD
Unaudited accounts
Contents
151 STEAKHOUSE LTD
Company Information
for the year ended 31 October 2022
Company Number
12930704 (England and Wales)
Registered Office
58-61 WESTOVER ROAD, BOURNEMOUTH 58-61 W
BOURNEMOUTH
DORSET
BH1 2BZ
UNITED KINGDOM
Accountants
Thyme Accounting Services Limited
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
151 STEAKHOUSE LTD
Accountants' report
Accountants' report to the director of 151 STEAKHOUSE LTD on the preparation of the unaudited statutory accounts for the year ended 31 October 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
151 STEAKHOUSE LTD for the year ended
31 October 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of 151 STEAKHOUSE LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of 151 STEAKHOUSE LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 151 STEAKHOUSE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 151 STEAKHOUSE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 151 STEAKHOUSE LTD. You consider that 151 STEAKHOUSE 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 accounts of 151 STEAKHOUSE 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 accounts.
Thyme Accounting Services Limited
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
17 February 2023
151 STEAKHOUSE LTD
Statement of financial position
as at
31 October 2022
Cash at bank and in hand
59,255
80,291
Creditors: amounts falling due within one year
(68,066)
(78,998)
Net current assets
4,596
9,558
Called up share capital
100
100
Profit and loss account
17,996
9,458
Shareholders' funds
18,096
9,558
For the year ending 31 October 2022 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 17 February 2023 and were signed on its behalf by
Isileli Tuivai
Director
Company Registration No. 12930704
151 STEAKHOUSE LTD
Notes to the Accounts
for the year ended 31 October 2022
151 STEAKHOUSE LTD is a private company, limited by shares, registered in England and Wales, registration number 12930704. The registered office is 58-61 WESTOVER ROAD, BOURNEMOUTH 58-61 W, BOURNEMOUTH, DORSET, BH1 2BZ, UNITED KINGDOM.
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.
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.
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:
Motor vehicles
25% on a reducing balance basis
151 STEAKHOUSE LTD
Notes to the Accounts
for the year ended 31 October 2022
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
At 31 October 2022
18,000
Charge for the year
4,500
At 31 October 2022
13,500
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
17,199
14,241
Loans from directors
-
1,568
7
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 7 (2021: 7).