I S K Caterers Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08532288 (England and Wales)

I S K Caterers Limited

Trading as

Efes

Abbreviated Accounts

for the Year Ended 31 March 2015

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr I Uzun

Mr K Akkus

SECRETARY:

REGISTERED OFFICE:

237 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

08532288 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

237 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of I S K Caterers Limited for the year ended 31 March 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of I S K Caterers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of I S K Caterers Limited and state those matters that we have agreed to state to the Board of Directors of I S K Caterers Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that I S K Caterers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of I S K Caterers Limited. You consider that I S K Caterers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of I S K Caterers Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

237 Kennington Lane

London

SE11 5QU

10 June 2015

FIXED ASSETS

Tangible assets

2

117,380

102,219

CURRENT ASSETS

Stocks

15,750

25,898

Debtors

59,965

12,602

Cash at bank and in hand

73,665

29,666

149,380

68,166

CREDITORS

Amounts falling due within one year

232,671

97,476

NET CURRENT LIABILITIES

(83,291

)

(29,310

)

TOTAL ASSETS LESS CURRENT LIABILITIES

34,089

72,909

CREDITORS

Amounts falling due after more than one year

(16,469

)

-

PROVISIONS FOR LIABILITIES

(13,590

)

(8,580

)

NET ASSETS

4,030

64,329

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

3,930

64,229

SHAREHOLDERS' FUNDS

4,030

64,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 June 2015 and were signed on its behalf by:

Mr K Akkus - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover is generated from the ordinary activities of the business and is recognised when customers take

delivery of the goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

straight line over the life of the lease

Improvements to property

-

straight line over the life of the lease

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% 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.

Cost of stocks are valued using the first in first out stock valuation method. Net realisable value is the estimated

selling price less cost to sell.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

In the director's assessment of the company's ability to continue as a going concern, there are no material

uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

119,123

Additions

37,092

At 31 March 2015

156,215

DEPRECIATION

At 1 April 2014

16,904

Charge for year

21,931

At 31 March 2015

38,835

NET BOOK VALUE

At 31 March 2015

117,380

At 31 March 2014

102,219

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100