Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 03023934 Mr Dimitri Solomon Mr Muhamet Recica iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03023934 2023-02-28 03023934 2024-02-29 03023934 2023-03-01 2024-02-29 03023934 frs-core:CurrentFinancialInstruments 2024-02-29 03023934 frs-core:Non-currentFinancialInstruments 2024-02-29 03023934 frs-core:BetweenOneFiveYears 2024-02-29 03023934 frs-core:ComputerEquipment 2024-02-29 03023934 frs-core:ComputerEquipment 2023-03-01 2024-02-29 03023934 frs-core:ComputerEquipment 2023-02-28 03023934 frs-core:FurnitureFittings 2024-02-29 03023934 frs-core:FurnitureFittings 2023-03-01 2024-02-29 03023934 frs-core:FurnitureFittings 2023-02-28 03023934 frs-core:NetGoodwill 2024-02-29 03023934 frs-core:NetGoodwill 2023-03-01 2024-02-29 03023934 frs-core:NetGoodwill 2023-02-28 03023934 frs-core:MotorVehicles 2024-02-29 03023934 frs-core:MotorVehicles 2023-03-01 2024-02-29 03023934 frs-core:MotorVehicles 2023-02-28 03023934 frs-core:ShareCapital 2024-02-29 03023934 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 03023934 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03023934 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 03023934 frs-bus:SmallEntities 2023-03-01 2024-02-29 03023934 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 03023934 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 03023934 frs-bus:Director1 2023-03-01 2024-02-29 03023934 frs-bus:Director2 2023-03-01 2024-02-29 03023934 frs-countries:EnglandWales 2023-03-01 2024-02-29 03023934 2022-02-28 03023934 2023-02-28 03023934 2022-03-01 2023-02-28 03023934 frs-core:CurrentFinancialInstruments 2023-02-28 03023934 frs-core:Non-currentFinancialInstruments 2023-02-28 03023934 frs-core:BetweenOneFiveYears 2023-02-28 03023934 frs-core:ShareCapital 2023-02-28 03023934 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 03023934
LANTERNS KEBAB AND STEAK HOUSE LIMITED
Financial Statements
For The Year Ended 29 February 2024
Trek Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03023934
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 135,222 149,442
135,222 149,442
CURRENT ASSETS
Stocks 6 10,000 12,000
Cash at bank and in hand 161,981 113,845
171,981 125,845
Creditors: Amounts Falling Due Within One Year 7 (114,653 ) (80,795 )
NET CURRENT ASSETS (LIABILITIES) 57,328 45,050
TOTAL ASSETS LESS CURRENT LIABILITIES 192,550 194,492
Creditors: Amounts Falling Due After More Than One Year 8 (79,581 ) (89,140 )
NET ASSETS 112,969 105,352
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 112,965 105,348
SHAREHOLDERS' FUNDS 112,969 105,352
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dimitri Solomon
Director
16th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LANTERNS KEBAB AND STEAK HOUSE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03023934 . The registered office is Suite 2 The Barbican Centre Lustleigh Close, Marsh Barton Trading Estate, Exeter, Devon, EX2 8PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. Goodwill has been fully amortised.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 18% Reducing balance
Fixtures & Fittings 18% Reducing balance
Computer Equipment 18% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 37,300
As at 29 February 2024 37,300
Amortisation
As at 1 March 2023 37,300
As at 29 February 2024 37,300
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 78,666 213,026 46,027 337,719
Additions 10,578 4,484 400 15,462
As at 29 February 2024 89,244 217,510 46,427 353,181
Depreciation
As at 1 March 2023 14,160 136,081 38,036 188,277
Provided during the period 13,515 14,657 1,510 29,682
As at 29 February 2024 27,675 150,738 39,546 217,959
Net Book Value
As at 29 February 2024 61,569 66,772 6,881 135,222
As at 1 March 2023 64,506 76,945 7,991 149,442
6. Stocks
2024 2023
£ £
Materials 10,000 12,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 1,482 770
VAT 101,801 24,644
Accruals and deferred income 3,500 2,000
Directors' loan accounts 7,870 53,381
114,653 80,795
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 37,059 44,068
Bank loans 42,522 45,072
79,581 89,140
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 37,059 44,068
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
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