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REGISTERED NUMBER: SC371359 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ebi Restaurants Ltd

Ebi Restaurants Ltd (Registered number: SC371359)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ebi Restaurants Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A Nematnejad





REGISTERED OFFICE: 90/92 High Street
Lanark
ML11 7ES





REGISTERED NUMBER: SC371359 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Ebi Restaurants Ltd (Registered number: SC371359)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 31,994 36,747

CURRENT ASSETS
Stocks 13,299 12,478
Debtors 5 166,496 101,759
Cash in hand 1,129 1,425
180,924 115,662
CREDITORS
Amounts falling due within one year 6 (160,035 ) (94,054 )
NET CURRENT ASSETS 20,889 21,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,883

58,355

CREDITORS
Amounts falling due after more than one
year

7

(27,816

)

(44,416

)

PROVISIONS FOR LIABILITIES (6,079 ) (6,982 )
NET ASSETS 18,988 6,957

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,888 6,857
SHAREHOLDERS' FUNDS 18,988 6,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Ebi Restaurants Ltd (Registered number: SC371359)

Balance Sheet - continued
31 March 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2024 and were signed by:





A Nematnejad - Director


Ebi Restaurants Ltd (Registered number: SC371359)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ebi Restaurants Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

Ebi Restaurants Ltd (Registered number: SC371359)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 119,390
Additions 4,847
At 31 March 2024 124,237
DEPRECIATION
At 1 April 2023 82,643
Charge for year 9,600
At 31 March 2024 92,243
NET BOOK VALUE
At 31 March 2024 31,994
At 31 March 2023 36,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 166,496 101,759

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 18,329 17,673
Trade creditors 4,434 4,158
Taxation and social security 72,493 56,806
Other creditors 64,779 15,417
160,035 94,054

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 16,149 22,749
Other creditors 11,667 21,667
27,816 44,416

8. RELATED PARTY DISCLOSURES

Included within other creditors is a balance of £46,809 (2023: £24,935-Debtor) owed to the director Abbas Nematnejad. The loan is interest free and repayable on demand.

Included within other debtors is a balance of £157,949 (2023: £65,660) owed by the director Vedat Alkan. The loan is ineterst free and payable by 31 December 2024.