Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-312022-09-01falseNo description of principal activity42truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10218174 2022-09-01 2023-08-31 10218174 2021-09-01 2022-08-31 10218174 2023-08-31 10218174 2022-08-31 10218174 c:Director1 2022-09-01 2023-08-31 10218174 d:FurnitureFittings 2022-09-01 2023-08-31 10218174 d:FurnitureFittings 2023-08-31 10218174 d:FurnitureFittings 2022-08-31 10218174 d:CurrentFinancialInstruments 2023-08-31 10218174 d:CurrentFinancialInstruments 2022-08-31 10218174 d:Non-currentFinancialInstruments 2023-08-31 10218174 d:Non-currentFinancialInstruments 2022-08-31 10218174 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10218174 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 10218174 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10218174 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 10218174 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 10218174 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 10218174 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 10218174 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 10218174 d:ShareCapital 2023-08-31 10218174 d:ShareCapital 2022-08-31 10218174 d:RetainedEarningsAccumulatedLosses 2023-08-31 10218174 d:RetainedEarningsAccumulatedLosses 2022-08-31 10218174 c:FRS102 2022-09-01 2023-08-31 10218174 c:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 10218174 c:FullAccounts 2022-09-01 2023-08-31 10218174 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10218174 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 10218174










BEST KEBAB (EASTWOOD) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
BEST KEBAB (EASTWOOD) LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BEST KEBAB (EASTWOOD) LIMITED
FOR THE YEAR ENDED 31 AUGUST 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Best Kebab (Eastwood) Limited for the year ended 31 August 2023 which comprise  the Balance sheet 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 (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Best Kebab (Eastwood) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Best Kebab (Eastwood) Limited and state those matters that we have agreed to state to the Board of directors of Best Kebab (Eastwood) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Best Kebab (Eastwood) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Best Kebab (Eastwood) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Best Kebab (Eastwood) Limited. You consider that Best Kebab (Eastwood) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Best Kebab (Eastwood) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS Chartered Accountants
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff on Sea
Essex
SS0 9PE
10 April 2024
Page 1

 
BEST KEBAB (EASTWOOD) LIMITED
REGISTERED NUMBER: 10218174

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
1,007
-

Debtors: amounts falling due within one year
 5 
1,560
1,008

Cash at bank and in hand
 6 
1,561
6,512

  
4,128
7,520

Creditors: amounts falling due within one year
 7 
(6,944)
(3,566)

Net current (liabilities)/assets
  
 
 
(2,816)
 
 
3,954

Total assets less current liabilities
  
(2,816)
3,954

Creditors: amounts falling due after more than one year
 8 
(8,735)
(14,765)

  

Net liabilities
  
(11,551)
(10,811)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(11,651)
(10,911)

  
(11,551)
(10,811)


Page 2

 
BEST KEBAB (EASTWOOD) LIMITED
REGISTERED NUMBER: 10218174

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 April 2024.




A. Dagcilar
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
BEST KEBAB (EASTWOOD) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Best Kebab (Eastwood) Limited is a company limited by shares.  It was incoporated in UK and Wales.
The registered office is:-
Kingsridge House
601 London Road
Westcliff on sea
Essex. SS0 9PE.
The registered number is 10218174.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In view of the excess of liabilities over assets at 31 August 2023 of £11,551 (2022 £10,811) the appropriateness of the going concern basis is dependent upon the continued support of the company's creditors.
The creditors have continued to support the company and the directors are of the opinion that they will continue to do so.  In light of the aforementioned, the directors consider it appropriate to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
BEST KEBAB (EASTWOOD) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
BEST KEBAB (EASTWOOD) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the
Page 6

 
BEST KEBAB (EASTWOOD) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.


3.


Employees

2023
2022
£
£

Wages and salaries
31,194
-

31,194
-


The average monthly number of employees, including directors, during the year was 4 (2022 - 2).

Page 7

 
BEST KEBAB (EASTWOOD) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2022
2,765



At 31 August 2023

2,765



Depreciation


At 1 September 2022
2,765



At 31 August 2023

2,765



Net book value



At 31 August 2023
-



At 31 August 2022
-


5.


Debtors

2023
2022
£
£


Other debtors
1,560
1,008

1,560
1,008



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,561
6,512

1,561
6,512


Page 8

 
BEST KEBAB (EASTWOOD) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
2,984

Other taxation and social security
3,401
-

Other creditors
1,935
222

Accruals and deferred income
1,608
360

6,944
3,566



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
8,735
14,765

8,735
14,765



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Bank loans
3,013
2,853


3,013
2,853

Amounts falling due 2-5 years

Bank loans
5,722
11,912


5,722
11,912


8,735
14,765



Page 9