Akbar Balti (Manchester) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05864874 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

AKBAR BALTI (MANCHESTER) LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S Hussain

M A Ahmed

SECRETARY:

M A Ahmed

REGISTERED OFFICE:

73-83 Liverpool Road

Deansgate

Manchester

M3 4NQ

REGISTERED NUMBER:

05864874 (England and Wales)

ACCOUNTANTS:

Rajeev Accountants

Chartered Accountants & Statutory Auditors

19 Bolling Road

Bradford

West Yorkshire

BD4 7BG

FIXED ASSETS

Tangible assets

5

186,453

212,488

CURRENT ASSETS

Stocks

12,370

15,693

Debtors

464,992

341,742

Cash at bank and in hand

246,456

132,593

723,818

490,028

CREDITORS

Amounts falling due within one year

249,922

163,810

NET CURRENT ASSETS

473,896

326,218

TOTAL ASSETS LESS CURRENT LIABILITIES

660,349

538,706

PROVISIONS FOR LIABILITIES

7

14,128

16,643

NET ASSETS

646,221

522,063

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

646,121

521,963

SHAREHOLDERS' FUNDS

646,221

522,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 March 2018 and were signed on its behalf by:

S Hussain - Director

1.	STATUTORY INFORMATION

Akbar Balti (Manchester) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions

that affect the amounts reported. These estimates and judgements are continually reviewed and are based on

experience and other factors, including expectations of future events that are believed to be reasonable under the

circumstances. Details of these judgements can be found in the accounting policies.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

15% on reducing balance

Stocks

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

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

866,322

Additions

23,250

At 30 June 2017

889,572

DEPRECIATION

At 1 July 2016

653,834

Charge for year

49,285

At 30 June 2017

703,119

NET BOOK VALUE

At 30 June 2017

186,453

At 30 June 2016

212,488

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

130,200

130,200

Between one and five years

520,800

520,800

In more than five years

488,250

618,450

1,139,250

1,269,450

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

Accelerated capital allowances

14,128

16,643

Deferred

tax

£

Balance at 1 July 2016

16,643

Credit to Income Statement during year

(2,515

)

Balance at 30 June 2017

14,128

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100

9.	RELATED PARTY DISCLOSURES

During the year, the company paid £52,000 (2016: £52,000) to Beaumont Management Services (UK) Ltd in

respect of management services which were provided on a commercial basis. Beaumont is controlled by a

company director, S Hussain.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their directorship and shareholding.