Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31142023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity14truetruefalse 09989480 2023-04-01 2024-03-31 09989480 2022-04-01 2023-03-31 09989480 2024-03-31 09989480 2023-03-31 09989480 c:Director1 2023-04-01 2024-03-31 09989480 c:Director2 2023-04-01 2024-03-31 09989480 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 09989480 d:Buildings d:ShortLeaseholdAssets 2024-03-31 09989480 d:Buildings d:ShortLeaseholdAssets 2023-03-31 09989480 d:FurnitureFittings 2023-04-01 2024-03-31 09989480 d:FurnitureFittings 2024-03-31 09989480 d:FurnitureFittings 2023-03-31 09989480 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09989480 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09989480 d:CurrentFinancialInstruments 2024-03-31 09989480 d:CurrentFinancialInstruments 2023-03-31 09989480 d:Non-currentFinancialInstruments 2024-03-31 09989480 d:Non-currentFinancialInstruments 2023-03-31 09989480 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09989480 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09989480 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09989480 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09989480 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 09989480 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 09989480 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 09989480 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09989480 d:ShareCapital 2024-03-31 09989480 d:ShareCapital 2023-03-31 09989480 d:RetainedEarningsAccumulatedLosses 2024-03-31 09989480 d:RetainedEarningsAccumulatedLosses 2023-03-31 09989480 c:FRS102 2023-04-01 2024-03-31 09989480 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09989480 c:FullAccounts 2023-04-01 2024-03-31 09989480 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09989480 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09989480










BEST KEBAB (SOUTHEND) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024



 
BEST KEBAB (SOUTHEND) LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BEST KEBAB (SOUTHEND) LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

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 (Southend) Limited for the year ended 31 March 2024 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 (Southend) 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 (Southend) Limited and state those matters that we have agreed to state to the Board of directors of Best Kebab (Southend) 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 (Southend) 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 (Southend) 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 profit of Best Kebab (Southend) Limited. You consider that Best Kebab (Southend) 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 (Southend) 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
 
Kingsridge House
601 London Road
Westcliff on sea
Essex
SS0 9PE
17 July 2024
Page 1

 
BEST KEBAB (SOUTHEND) LIMITED
REGISTERED NUMBER: 09989480

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,492
15,359

  
12,492
15,359

Current assets
  

Stocks
  
9,550
7,210

Debtors: amounts falling due within one year
 5 
4,769
18,196

Cash at bank and in hand
 6 
3,427
476

  
17,746
25,882

Creditors: amounts falling due within one year
 7 
(95,057)
(107,662)

Net current liabilities
  
 
 
(77,311)
 
 
(81,780)

Total assets less current liabilities
  
(64,819)
(66,421)

Creditors: amounts falling due after more than one year
 8 
(29,645)
(33,213)

  

Net liabilities
  
(94,464)
(99,634)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(94,564)
(99,734)

  
(94,464)
(99,634)


Page 2

 
BEST KEBAB (SOUTHEND) LIMITED
REGISTERED NUMBER: 09989480

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 17 July 2024.




A.M. Dagcilar
L.A. Dagcilar
Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
BEST KEBAB (SOUTHEND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Best Kebab (Southend) Limited is a company limited by shares.  It was incoporated in Wales.
The registered office is:-
Kingsridge House
601 London Road
Westcliff on sea
Essex. SS0 9PE.
The registered number is 09989480.

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 March 2024 of £94,464 (2023; £99,634) 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

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.

Page 4

 
BEST KEBAB (SOUTHEND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

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

 
2.6

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:

Short-term leasehold property
-
over the term of the lease
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.

 
2.7

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.
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 and loss.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
BEST KEBAB (SOUTHEND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

2024
2023
£
£

Wages and salaries
73,060
130,592

73,060
130,592


The average monthly number of employees, including directors, during the year was 14 (2023 - 14).


4.


Tangible fixed assets





Short-term leasehold property
Fixtures, fittings and equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
2,814
24,352
27,166


Additions
-
124
124



At 31 March 2024

2,814
24,476
27,290



Depreciation


At 1 April 2023
812
10,995
11,807


Charge for the year on owned assets
113
2,878
2,991



At 31 March 2024

925
13,873
14,798



Net book value



At 31 March 2024
1,889
10,603
12,492



At 31 March 2023
2,002
13,357
15,359


5.


Debtors

2024
2023
£
£


Trade debtors
194
689

Other debtors
4,000
14,985

At the balance sheet date
575
2,522

4,769
18,196


Page 6

 
BEST KEBAB (SOUTHEND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,427
476

Less: bank overdrafts
-
(566)

3,427
(90)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
566

Trade creditors
35,449
31,035

Accruals and deferred income
5,123
6,892

Bank loans
14,504
30,430

Other creditors
3,433
892

Other taxation and social security
36,548
37,847

95,057
107,662



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
29,645
33,213

29,645
33,213


Page 7

 
BEST KEBAB (SOUTHEND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
14,504
30,430


14,504
30,430

Amounts falling due 1-2 years

Bank loans
9,957
9,957


9,957
9,957

Amounts falling due 2-5 years

Bank loans
19,686
23,257


19,686
23,257


44,147
63,644



Page 8