IRIS Accounts Production v23.3.0.418 SC320088 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3200882022-04-30SC3200882023-04-30SC3200882022-05-012023-04-30SC3200882021-04-30SC3200882021-05-012022-04-30SC3200882022-04-30SC320088ns16:Scotland2022-05-012023-04-30SC320088ns15:PoundSterling2022-05-012023-04-30SC320088ns11:Director12022-05-012023-04-30SC320088ns11:PrivateLimitedCompanyLtd2022-05-012023-04-30SC320088ns11:SmallEntities2022-05-012023-04-30SC320088ns11:AuditExempt-NoAccountantsReport2022-05-012023-04-30SC320088ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-30SC320088ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-30SC320088ns11:FullAccounts2022-05-012023-04-30SC32008812022-05-012023-04-30SC320088ns11:Director22022-05-012023-04-30SC320088ns11:RegisteredOffice2022-05-012023-04-30SC320088ns6:CurrentFinancialInstruments2023-04-30SC320088ns6:CurrentFinancialInstruments2022-04-30SC320088ns6:ShareCapital2023-04-30SC320088ns6:ShareCapital2022-04-30SC320088ns6:RetainedEarningsAccumulatedLosses2023-04-30SC320088ns6:RetainedEarningsAccumulatedLosses2022-04-30SC320088ns6:NetGoodwill2022-05-012023-04-30SC320088ns6:PlantMachinery2022-05-012023-04-30SC320088ns6:NetGoodwill2022-04-30SC320088ns6:NetGoodwill2023-04-30SC320088ns6:NetGoodwill2022-04-30SC320088ns6:PlantMachinery2022-04-30SC320088ns6:PlantMachinery2023-04-30SC320088ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-30SC320088ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-30SC320088ns6:CurrentFinancialInstruments2022-05-012023-04-30
REGISTERED NUMBER: SC320088 (Scotland)




















Eighty Eight Takeaway Limited

Unaudited Financial Statements

for the Year Ended 30 April 2023






Eighty Eight Takeaway Limited (Registered number: SC320088)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eighty Eight Takeaway Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr W M Chan
Mrs M O Chan



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC320088 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
18 Bridge Street
Wick
Caithness
KW1 4NG

Eighty Eight Takeaway Limited (Registered number: SC320088)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 2,700 2,000
Debtors 6 484 912
Cash at bank and in hand 5,386 16,157
8,570 19,069
CREDITORS
Amounts falling due within one year 7 13,133 12,586
NET CURRENT (LIABILITIES)/ASSETS (4,563 ) 6,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,563

)

6,483

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,663 ) 6,383
SHAREHOLDERS' FUNDS (4,563 ) 6,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Eighty Eight Takeaway Limited (Registered number: SC320088)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 26 September 2023 and were signed on its behalf by:





Mr W M Chan - Director


Eighty Eight Takeaway Limited (Registered number: SC320088)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Eighty Eight Takeaway Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 and revenue recognition
Turnover, which represents net invoiced sales of goods exclusive of VAT, is recognised at the point when a meal is served or delivered to the customer.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 2007, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.


Eighty Eight Takeaway Limited (Registered number: SC320088)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

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 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 15,000
AMORTISATION
At 1 May 2022
and 30 April 2023 15,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

Eighty Eight Takeaway Limited (Registered number: SC320088)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 11,164
DEPRECIATION
At 1 May 2022
and 30 April 2023 11,164
NET BOOK VALUE
At 30 April 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 484 912

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,224 2,209
Other creditors 9,909 10,377
13,133 12,586

The directors' current accounts are unsecured, interest free and have no fixed term of repayment.

8. GOING CONCERN

The financial statements have been prepared on the going concern principal which assumes that the company will continue to function in the foreseeable future. In order to do so the company will require the continued support of its directors, bankers and creditors.