Kismet Kebabs Ltd - Abbreviated accounts

Registered number

06582953

Kismet Kebabs Ltd

Abbreviated Accounts

31 May 2016

Kismet Kebabs Ltd

Report to the directors on the preparation of the unaudited abbreviated accounts of Kismet Kebabs Ltd for the year ended 31 May 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Kismet Kebabs Ltd for the year ended 31 May 2016 which comprise of 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
It is your duty to ensure that Kismet Kebabs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kismet Kebabs Ltd. You consider that Kismet Kebabs Ltd 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 accounts of Kismet Kebabs Ltd. 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 abbreviated accounts.

G C Forest & Co
Chartered Certified Accountants
190 Billet Road
London
E17 5DX

26 October 2016

Kismet Kebabs Ltd
Registered number:		06582953
Abbreviated Balance Sheet
as at 31 May 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		260,009			294,866

Current assets
Stocks		244,887			231,208
Debtors		698,200			585,668
Cash at bank and in hand		42,323			40,089
		985,410			856,965

Creditors: amounts falling due within one year		(1,035,813)			(1,016,032)

Net current liabilities			(50,403)			(159,067)

Total assets less current liabilities			209,606			135,799

Creditors: amounts falling due after more than one year			(123,833)			-



Net assets			85,773			135,799

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			85,673			135,699

Shareholders' funds			85,773			135,799

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.
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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Djemal Enver
Director
Approved by the board on 26 October 2016

Kismet Kebabs Ltd
Notes to the Abbreviated Accounts
for the year ended 31 May 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Improvements			Over the life of the lease - 5years
	Plant and machinery			15% on written down value
	Motor vehicles			25% on written down value

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. No provision was found to be necessary for the year ended 31 May 2016.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 June 2015					635,522
	Additions					54,804
	At 31 May 2016					690,326

	Depreciation
	At 1 June 2015					340,656
	Charge for the year					89,661
	At 31 May 2016					430,317

	Net book value
	At 31 May 2016					260,009
	At 31 May 2015					294,866


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100