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REGISTERED NUMBER: SC371359 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Ebi Restaurants Ltd

Ebi Restaurants Ltd (Registered number: SC371359)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ebi Restaurants Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A Nematnejad





REGISTERED OFFICE: 90/92 High Street
Lanark
ML11 7ES





REGISTERED NUMBER: SC371359 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Ebi Restaurants Ltd (Registered number: SC371359)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 36,747 48,183

CURRENT ASSETS
Stocks 12,478 10,143
Debtors 5 101,759 106,871
Cash at bank and in hand 1,425 4,051
115,662 121,065
CREDITORS
Amounts falling due within one year 6 (94,054 ) (83,003 )
NET CURRENT ASSETS 21,608 38,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,355

86,245

CREDITORS
Amounts falling due after more than one
year

7

(44,416

)

(31,018

)

PROVISIONS FOR LIABILITIES (6,982 ) -
NET ASSETS 6,957 55,227

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,857 55,127
SHAREHOLDERS' FUNDS 6,957 55,227

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ebi Restaurants Ltd (Registered number: SC371359)

Balance Sheet - continued
31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





A Nematnejad - Director


Ebi Restaurants Ltd (Registered number: SC371359)

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

1. STATUTORY INFORMATION

Ebi 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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.

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 16 (2022 - 18 ) .

Ebi Restaurants Ltd (Registered number: SC371359)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 118,575
Additions 815
At 31 March 2023 119,390
DEPRECIATION
At 1 April 2022 70,392
Charge for year 12,251
At 31 March 2023 82,643
NET BOOK VALUE
At 31 March 2023 36,747
At 31 March 2022 48,183

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 101,759 106,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 17,673 -
Trade creditors 4,158 3,380
Taxation and social security 56,806 64,632
Other creditors 15,417 14,991
94,054 83,003

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,749 -
Other creditors 21,667 31,018
44,416 31,018

8. RELATED PARTY DISCLOSURES

Included within other debtors is a balance of £24,935 (2022: £67,600) owed by the director. It was repaid before the date of signing of these accounts.