Registered number
11333481
ELA KEBAB HOUSE LIMITED
Unaudited Filleted Accounts
31 March 2023
ELA KEBAB HOUSE LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ELA KEBAB HOUSE LIMITED for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ELA KEBAB HOUSE LIMITED for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
….......................................
Fordhams & Co. Limited
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR
18 April 2024
ELA KEBAB HOUSE LIMITED
Registered number: 11333481
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 28,828 21,120
Current assets
Stocks 4,950 3,745
Debtors 4 514 3,635
Cash at bank and in hand 9,724 18,655
15,188 26,035
Creditors: amounts falling due within one year 5 (30,879) (22,983)
Net current (liabilities)/assets (15,691) 3,052
Total assets less current liabilities 13,137 24,172
Creditors: amounts falling due after more than one year 6 (12,856) (20,172)
Net assets 281 4,000
Capital and reserves
Called up share capital 100 100
Profit and loss account 181 3,900
Shareholder's funds 281 4,000
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…......................
Mr Erhan Celik
Director
Approved by the board on 18 April 2024
ELA KEBAB HOUSE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 20% Straight Line Method
Fixtures, fittings, tools and equipment 20% Reducing Balance Method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 14,550 13,150 27,700
Additions 14,700 942 15,642
At 31 March 2023 29,250 14,092 43,342
Depreciation
At 1 April 2022 2,910 3,670 6,580
Charge for the year 5,850 2,084 7,934
At 31 March 2023 8,760 5,754 14,514
Net book value
At 31 March 2023 20,490 8,338 28,828
At 31 March 2022 11,640 9,480 21,120
4 Debtors 2023 2022
£ £
Trade debtors 514 635
Other debtors - 3,000
514 3,635
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,927 4,539
Trade creditors 4,917 5,014
Taxation and social security costs 18,630 12,112
Other creditors 1,405 1,318
30,879 22,983
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 12,856 20,172
7 Other information
ELA KEBAB HOUSE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Studio 6
6 Hornsey Street
London
N7 8GR
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