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REGISTERED NUMBER: SC681900 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Sultan Turkish Restaurant Limited

Sultan Turkish Restaurant Limited (Registered number: SC681900)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sultan Turkish Restaurant Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: H K Atagan





REGISTERED OFFICE: C/o Neil Nisbet & Co. Thain House
226 Queensferry Road
Edinburgh
United Kingdom
EH4 2BP





REGISTERED NUMBER: SC681900 (Scotland)





ACCOUNTANTS: Neil Nisbet & Co.
c/o Neil Nisbet & Co.
Thain House
226 Queensferry Road
Edinburgh
EH4 2BP

Sultan Turkish Restaurant Limited (Registered number: SC681900)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 180,000 190,000
Tangible assets 5 7,427 7,629
187,427 197,629

CURRENT ASSETS
Stocks 2,950 2,775
Debtors 6 31,308 25,489
Cash at bank and in hand 78,513 68,325
112,771 96,589
CREDITORS
Amounts falling due within one year 7 38,583 35,095
NET CURRENT ASSETS 74,188 61,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,615

259,123

PROVISIONS FOR LIABILITIES 1,800 1,850
NET ASSETS 259,815 257,273

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 178,625 188,625
Retained earnings 81,189 68,647
SHAREHOLDERS' FUNDS 259,815 257,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Sultan Turkish Restaurant Limited (Registered number: SC681900)

Balance Sheet - continued
28 February 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 director and authorised for issue on 27 November 2023 and were signed by:





H K Atagan - Director


Sultan Turkish Restaurant Limited (Registered number: SC681900)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Sultan Turkish Restaurant 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty one years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost and 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.

Sultan Turkish Restaurant Limited (Registered number: SC681900)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 200,000
AMORTISATION
At 1 March 2022 10,000
Charge for year 10,000
At 28 February 2023 20,000
NET BOOK VALUE
At 28 February 2023 180,000
At 28 February 2022 190,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 9,001
Additions 1,108
At 28 February 2023 10,109
DEPRECIATION
At 1 March 2022 1,372
Charge for year 1,310
At 28 February 2023 2,682
NET BOOK VALUE
At 28 February 2023 7,427
At 28 February 2022 7,629

Sultan Turkish Restaurant Limited (Registered number: SC681900)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 31,308 25,489

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 8,545 6,224
Taxation and social security 24,541 26,005
Other creditors 5,497 2,866
38,583 35,095

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
H K Atagan
Balance outstanding at start of year 25,000 -
Amounts advanced 30,000 25,000
Amounts repaid (25,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,000 25,000

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £33,708 (2022 - £28,370) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The controlling party is H K Atagan.