Company Registration No. SC373565 (Scotland)
BENKAZ LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
BENKAZ LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BENKAZ LTD
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,264
7,541
Current assets
Stocks
1,200
1,200
Cash at bank and in hand
12,926
8,014
14,126
9,214
Creditors: amounts falling due within one year
(11,136)
(20,201)
Net current assets/(liabilities)
2,990
(10,987)
Total assets less current liabilities
11,254
(3,446)
Provisions for liabilities
(474)
-
10,780
(3,446)
Capital and reserves
Called up share capital
3
99
99
Profit and loss account
10,681
(3,545)
Shareholders' funds
10,780
(3,446)
For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 November 2015
Mr M Taylor
Director
Company Registration No. SC373565
BENKAZ LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for restaurant sales net of VAT.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
2% Straight line
Fixtures, fittings & equipment
25% Straight line
Motor vehicles
25% Straight line
1.5
Stock
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.6
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date.
A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits against which to recover carried forward tax losses and from which the future reversal of underlying timing differences can be deducted.
Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.
BENKAZ LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2014
9,315
Additions
2,147
At 28 February 2015
11,462
Depreciation
At 1 March 2014
1,774
Charge for the year
1,424
At 28 February 2015
3,198
Net book value
At 28 February 2015
8,264
At 28 February 2014
7,541
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
99 Ordinary shares of £1 each
99
99