Crazy Cook Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09546031 (England and Wales)

Crazy Cook Ltd

Trading as

Tarshish

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2022

Page

Company Information

1

Chartered Accountants' Report

2

Abridged 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 2022 which comprise the Abridged Income Statement, Abridged 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

1 February 2023

FIXED ASSETS

Property, plant and equipment

4

412,854

242,210

CURRENT ASSETS

Inventories

30,317

15,358

Debtors

50,924

131,391

Cash at bank and in hand

371,778

145,433

453,019

292,182

CREDITORS

Amounts falling due within one year

380,244

185,017

NET CURRENT ASSETS

72,775

107,165

TOTAL ASSETS LESS CURRENT LIABILITIES

485,629

349,375

CREDITORS

Amounts falling due after more than one year

5

(184,461

)

(235,000

)

PROVISIONS FOR LIABILITIES

7

(51,338

)

(44,356

)

NET ASSETS

249,830

70,019

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

249,730

69,919

SHAREHOLDERS' FUNDS

249,830

70,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 and an abridged Statement of Financial Position for the year ended 31 March 2022 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 1 February 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 35 (2021 - 30 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2021

604,538

Additions

277,733

At 31 March 2022

882,271

DEPRECIATION

At 1 April 2021

362,328

Charge for year

107,089

At 31 March 2022

469,417

NET BOOK VALUE

At 31 March 2022

412,854

At 31 March 2021

242,210

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2022

2021

£

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

235,000

Repayable by instalments

Bank loans more 5 yr by instal

184,461

-

6.

LOANS

The Coronavirus Business Interruption Loan.

7.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

51,338

44,356

Deferred

tax

£

Balance at 1 April 2021

44,356

Charge to Income Statement during year

6,982

Balance at 31 March 2022

51,338

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2021

69,919

Profit for the year

439,811

Dividends

(260,000

)

At 31 March 2022

249,730

10.	RELATED PARTY DISCLOSURES

Included in creditors are amounts owed to key management personnel of £250 (2021 - £250) at balance sheet date. Interest free loan payable on demand.

Transactions with entities under common and joint control:

The amounts due from related party at balance sheet date £10,099. Interest free loan repayable on demand and is presented within debtors.