Registered number
03502039
A and Lakis Kebab Limited
Filleted Accounts
31 March 2018
A and Lakis Kebab Limited
Registered number: 03502039
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 3,281 4,375
Current assets
Stocks 626 -
Cash at bank and in hand 1,122 1,025
1,748 1,025
Creditors: amounts falling due within one year 3 (50,304) (51,568)
Net current liabilities (48,556) (50,543)
Net liabilities (45,275) (46,168)
Capital and reserves
Called up share capital 100 100
Profit and loss account (45,375) (46,268)
Shareholders' funds (45,275) (46,168)
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.
Mrs A Pistou
Director
Approved by the board on 20 December 2018
A and Lakis Kebab Limited
Notes to the Accounts
for the year ended 31 March 2018
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. 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.
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:
Motor vehicles 25% recucing balance
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.
2 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2017 5,833
At 31 March 2018 5,833
Depreciation
At 1 April 2017 1,458
Charge for the year 1,094
At 31 March 2018 2,552
Net book value
At 31 March 2018 3,281
At 31 March 2017 4,375
3 Creditors: amounts falling due within one year 2018 2017
£ £
Other creditors 50,304 51,568
4 Other information
A and Lakis Kebab Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, Hagley Court
40 Vicarage Road, Edgbaston
Birmingham
West Midlands
B15 3EZ
5 Going concern
The financial statements have been prepared on the basis that the company is a going concern and
that the directors will continue to support the company.
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