Abbreviated Company Accounts - BANQUET (UK) LTD

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared under the historical cost convention as
modified by the revaluation of certain fixed assets and in accordance with
the Financial Reporting Standard for Smaller Entities (effective April 2008)

Turnover policy
Turnover is the total amount receivable by the company in the ordinary course of
business from outside customers, for services provided and any goods supplied,
excluding VAT the turnover and operating costs are attributable to the principal
activity of the business being that of an authentic Indian Food restaurant and take away

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation depreciation is calculated
on the reducing balance method and aims to write down cost less estimated residual
value of all tangible fixed assets over their expected useful lives the rates are as
follows:-

Fixtures and Fittings 15%

Other accounting policies
Stocks and work in progress are valued at the lower of cost and net realisable value
after making due allowance for obsolete and slow-moving stocks Cost includes all
direct costs and an appropriate proportion of fixed and variable overheads.