Accounts filed on 31-03-2015

---

			Company registration number:06813286
			CONCEPT RESTAURANTS LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 March 2015

---

CONCEPT RESTAURANTS LIMITED
BALANCE SHEET
AS AT 31 March 2015
			2015				2014
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			0				132,905
					0				132,905
CURRENT ASSETS
Stocks			0				4,500
Debtors			0				256,906
Cash at bank and in hand			1,814				32,222
			1,814				293,628
CREDITORS
Amounts falling due within one year			(6,687)				(246,444)
NET CURRENT ASSETS					(4,873)				47,184
TOTAL ASSETS LESS
CURRENT LIABILITIES					(4,873)				180,089
Creditors falling due after one year					(52,170)				(481,354)
PROVISIONS FOR LIABILITIES					(0)				(2,981)
NET ASSETS					(57,043)				(304,246)
CAPITAL AND RESERVES
Called-up equity share capital		3			2				2
Profit and loss account					(57,045)				(304,248)
SHAREHOLDERS FUNDS					(57,043)				(304,246)
For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 28 December 2015 and signed on its behalf.
..........................................................................
R Morris
28 December 2015
The annexed notes form part of these financial statements.

---

CONCEPT RESTAURANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents income receivable for goods and services provided in the period, exclusive of Value Added Tax and trade discounts. Income from the sale of goods is recognised at the date the delivery leaves the company premises. Income from service charges is spread over the period to which is relates.

Fixed assets

Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:- A full year's depreciation is charged in the year of acquisition of an asset but none in the year of disposal.

Plant and machinery 25% per annum reducing balance

Fixtures and fittings 25% per annum reducing balance

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost (on a first in, first out basis) or net realisable value. Cost, where appropriate, includes a proportion of directly attributable overheads.

Leasing

Leasing rentals payable on agreements which transfer substantially all the risk and rewards associated with ownership of the lessee ("finance leases") are capitalised within fixed assets, and the obligation to pay future rentals included in creditors as a liability. The interest charges implicit in such a lease are written off to the profit and loss account in proportion to the balance outstanding during the year. All other leasing rentals ("operating leases") are written off to the profit and loss account over the life of the lease.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			531,803
	Disposals			(531,803)
	At end of period			0
	Depreciation
	At start of period			398,898
	On disposals			(398,898)
	At end of period			0
	Net Book Value
	At start of period			132,905
	At end of period			0

3.	Share capital				Allotted, issued and fully paid
					2015	2014
					£	£
	Ordinary shares of £1 each				2	2
	Total issued share capital				2	2
4.	Transactions with directors
	The company received a loan from B J Hercek, a director on incorporation. During the year a further amount was loaned and a repayment was made. The balance owed by the company at the year end was £19,762. (2014 £134,354)
5.	Ultimate controlling party
	In the opinion of the directors there is no ultimate controlling party.