Akbar Balti Restaurant Limited - Abbreviated accounts 16.3

Akbar Balti Restaurant Limited - Abbreviated accounts 16.3

AKBAR BALTI RESTAURANT LIMITED - Company Information

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REGISTERED NUMBER: 03555144 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

AKBAR BALTI RESTAURANT LIMITED

AKBAR BALTI RESTAURANT LIMITED (REGISTERED NUMBER: 03555144)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 30 June 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

AKBAR BALTI RESTAURANT LIMITED

COMPANY INFORMATION
for the year ended 30 June 2016







DIRECTORS: M A Ahmed
S Hussain





SECRETARY: M A Ahmed





REGISTERED OFFICE: 1274-1278 Leeds Road
Bradford
West Yorkshire
BD3 8LF





REGISTERED NUMBER: 03555144 (England and Wales)





ACCOUNTANTS: Rajeev Accountants
Chartered Accountants & Statutory Auditors
19 Bolling Road
Bradford
West Yorkshire
BD4 7BG
Page 1
AKBAR BALTI RESTAURANT LIMITED (REGISTERED NUMBER: 03555144)

ABBREVIATED BALANCE SHEET
30 June 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 12,200 12,200
Tangible assets 3 682,702 367,048
694,902 379,248

CURRENT ASSETS
Stocks 16,500 15,923
Debtors 853,935 817,158
Cash at bank 12,205 19,237
882,640 852,318
CREDITORS
Amounts falling due within one year 513,295 152,340
NET CURRENT ASSETS 369,345 699,978
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,064,247
1,079,226

PROVISIONS FOR LIABILITIES 119,551 28,905
NET ASSETS 944,696 1,050,321

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 944,694 1,050,319
SHAREHOLDERS' FUNDS 944,696 1,050,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
AKBAR BALTI RESTAURANT LIMITED (REGISTERED NUMBER: 03555144)

ABBREVIATED BALANCE SHEET - continued
30 June 2016


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 30 March 2017 and were signed on its behalf by:





S Hussain - Director


The notes form part of these abbreviated accounts

Page 3
AKBAR BALTI RESTAURANT LIMITED (REGISTERED NUMBER: 03555144)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 30 June 2016

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 January 2015).

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

Goodwill
Acquired goodwill is amortised over it's estimated useful life. Provision is made for any impairment.

Tangible fixed assets
Fixed assets are recorded at cost.

Depreciation is provided on the following tangible fixed assets over the estimated useful lives of the assets, once
the assets come into use. The rates of depreciation are as follows:

Motor vehicles 15% reducing balance
Plant and machinery 15% on reducing balance
Furniture and Fixtures 20% on reducing balance
Short leasehold 5% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 12,200
NET BOOK VALUE

At 30 June 2016 12,200
At 30 June 2015 12,200

Page 4 continued...
AKBAR BALTI RESTAURANT LIMITED (REGISTERED NUMBER: 03555144)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 30 June 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 1,230,162
Additions 402,336
Disposals (3,842 )
At 30 June 2016 1,628,656
DEPRECIATION
At 1 July 2015 863,114
Charge for year 86,682
Eliminated on disposal (3,842 )
At 30 June 2016 945,954
NET BOOK VALUE
At 30 June 2016 682,702
At 30 June 2015 367,048

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 5