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Unaudited Financial Statements for the Year Ended 31 August 2023

for

Kisa's Restaurants Ltd

Kisa's Restaurants Ltd (Registered number: SC563869)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kisa's Restaurants Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S Wightman
Mrs K Wightman





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC563869 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Kisa's Restaurants Ltd (Registered number: SC563869)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,526 32,617

CURRENT ASSETS
Stocks 10,500 10,500
Debtors 5 21,852 284,061
Cash at bank and in hand 450,705 379,809
483,057 674,370
CREDITORS
Amounts falling due within one year 6 174,360 299,659
NET CURRENT ASSETS 308,697 374,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,223

407,328

CREDITORS
Amounts falling due after more than one
year

7

(19,167

)

(29,167

)

PROVISIONS FOR LIABILITIES (13,382 ) (6,197 )
NET ASSETS 329,674 371,964

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 329,672 371,962
SHAREHOLDERS' FUNDS 329,674 371,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Kisa's Restaurants Ltd (Registered number: SC563869)

Balance Sheet - continued
31 August 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 9 November 2023 and were signed on its behalf by:





Mrs K Wightman - Director


Kisa's Restaurants Ltd (Registered number: SC563869)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Kisa's Restaurants Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance

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.

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 52 (2022 - 50 ) .

Kisa's Restaurants Ltd (Registered number: SC563869)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 46,222
Additions 31,998
At 31 August 2023 78,220
DEPRECIATION
At 1 September 2022 13,605
Charge for year 11,089
At 31 August 2023 24,694
NET BOOK VALUE
At 31 August 2023 53,526
At 31 August 2022 32,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 21,852 284,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 58,074 82,233
Taxation and social security 54,239 146,111
Other creditors 52,047 61,315
174,360 299,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 19,167 29,167

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 29,167 -

The company bankers hold a bond and floating charge over the company assets.

Kisa's Restaurants Ltd (Registered number: SC563869)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Class A Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

The company was under the control of it's directors and 100% shareholders, Mr and Mrs Wightman during the period. Mr and Mrs Wightman also control Kisa's Ltd. The company paid Kisa's Ltd £100,000 (2022 - £100,000) in rent during the period on an open market basis, and a further £283,333 (2022 - £83,333) in management fees. Kisa's Ltd was due the company £17,327 (2022 - £282,280) at year end disclosed under Other Debtors.

Mr and Mrs Wightman also control Le Jardin Ltd, which was due from the company £nil (2022 - £45,187) as at year end as disclosed under other creditors.

Mr and Mrs Wightman also control Kisa's Auchterarder Ltd which was due the company £nil (2022 - £1,781) disclosed under Other Debtors.