Registered number
10851816
CAPITAL KEBAB (GREAT YARMOUTH) LIMITED
Filleted Accounts
31 July 2024
CAPITAL KEBAB (GREAT YARMOUTH) LIMITED
Registered number: 10851816
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Stocks 5,446 4,546
Debtors 3 12,445 1,629
Cash at bank and in hand 5,673 1,680
23,564 7,855
Creditors: amounts falling due within one year 4 (10,416) (14,153)
Net current assets/(liabilities) 13,148 (6,298)
Total assets less current liabilities 13,148 (6,298)
Creditors: amounts falling due after more than one year 5 (20,211) (22,744)
Net liabilities (7,063) (29,042)
Capital and reserves
Called up share capital 100 100
Profit and loss account (7,163) (29,142)
Shareholders' funds (7,063) (29,042)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ekrem Celebioglu
Director
Approved by the board on 14 February 2025
CAPITAL KEBAB (GREAT YARMOUTH) LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Debtors 2024 2023
£ £
Trade debtors 7,629 (1,054)
Other debtors 4,816 2,683
12,445 1,629
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,980 8,589
Taxation and social security costs 4,613 5,564
Other creditors 823 -
10,416 14,153
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,402 21,902
Other creditors 2,809 842
20,211 22,744
6 Controlling party
Ekrem Celebioglu
7 Other information
CAPITAL KEBAB (GREAT YARMOUTH) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
152 King Street
Great Yarmouth
NR30 2PA
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