| Concept Restaurants Limited |
|
| Report to the directors on the preparation of the unaudited statutory accounts of Concept Restaurants Limited for the year ended 31 March 2017 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Concept Restaurants Limited for the year ended 31 March 2017 which comprise of 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Coalesco Accountants Limited |
| Chartered Certified Accountants |
| 156 Russell Drive |
| Wollaton |
| Nottingham |
| Nottinghamshire |
| NG8 2BE |
|
| 21 December 2017 |
|
| Concept Restaurants Limited |
| Registered number: |
06813286 |
| Balance Sheet |
| as at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
31,243 |
|
|
12,115 |
| Cash at bank and in hand |
|
|
16,841 |
|
|
36,232 |
|
|
|
48,084 |
|
|
48,347 |
|
| Creditors: amounts falling due within one year |
4 |
|
(34,511) |
|
|
(33,092) |
|
| Net current assets |
|
|
|
13,573 |
|
|
15,255 |
|
| Total assets less current liabilities |
|
|
|
13,573 |
|
|
15,255 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(52,170) |
|
|
(52,170) |
|
|
|
| Net liabilities |
|
|
|
(38,597) |
|
|
(36,915) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(38,599) |
|
|
(36,917) |
|
| Shareholders' funds |
|
|
|
(38,597) |
|
|
(36,915) |
|
|
|
|
|
|
|
|
| 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. |
| The 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| B Hercek |
| Director |
| Approved by the board on 21 December 2017 |
|
| Concept Restaurants Limited |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
| 2 |
Employees |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Other debtors |
31,243 |
|
12,115 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other taxes and social security costs |
4,448 |
|
- |
|
Other creditors |
30,063 |
|
33,092 |
|
|
|
|
|
|
34,511 |
|
33,092 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
52,170 |
|
52,170 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other financial commitments |
2017 |
|
2016 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
105,000 |
|
105,000 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Concept Restaurants Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Rutland House |
|
Minerva Business Park |
|
Lynch Wood |
|
Peterborough |
|
PE2 6PZ |
