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Unaudited Financial Statements for the Year Ended 31 August 2024

for

Kisa's Restaurants Ltd

Kisa's Restaurants Ltd (Registered number: SC563869)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kisa's Restaurants Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S Wightman
Mrs K Wightman





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC563869 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Kisa's Restaurants Ltd (Registered number: SC563869)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,026 53,526

CURRENT ASSETS
Stocks 15,900 10,500
Debtors 5 7,510 21,852
Cash at bank and in hand 401,191 450,705
424,601 483,057
CREDITORS
Amounts falling due within one year 6 217,571 174,360
NET CURRENT ASSETS 207,030 308,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,056

362,223

CREDITORS
Amounts falling due after more than one year 7 (9,167 ) (19,167 )

PROVISIONS FOR LIABILITIES (20,357 ) (13,382 )
NET ASSETS 267,532 329,674

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 267,530 329,672
SHAREHOLDERS' FUNDS 267,532 329,674

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Kisa's Restaurants Ltd (Registered number: SC563869)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Mrs K Wightman - Director


Kisa's Restaurants Ltd (Registered number: SC563869)

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

1. STATUTORY INFORMATION

Kisa's 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 each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Kisa's Restaurants Ltd (Registered number: SC563869)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2023 - 52 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 78,220
Additions 53,618
At 31 August 2024 131,838
DEPRECIATION
At 1 September 2023 24,694
Charge for year 17,118
At 31 August 2024 41,812
NET BOOK VALUE
At 31 August 2024 90,026
At 31 August 2023 53,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 7,510 21,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 90,463 58,074
Taxation and social security 93,308 54,239
Other creditors 23,800 52,047
217,571 174,360

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 9,167 19,167

Kisa's Restaurants Ltd (Registered number: SC563869)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 19,167 29,167

The company bankers hold a bond and floating charge over the company assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Class A Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

The company was under the control of it's directors and 100% shareholders, Mr and Mrs Wightman during the period. Mr and Mrs Wightman also control Kisa's Ltd. The company paid Kisa's Ltd £100,000 (2023 - £100,000) in rent during the period on an open market basis, and a further £83,333 (2023 - £283,333) in management fees. Kisa's Ltd was due the company £Nil (2023 - £17,327) at year end disclosed under Other Debtors.