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Abbreviated Unaudited Accounts for the Year Ended 31 December 2015 |
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Kaizen Restaurants Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 December 2015 |
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for |
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Kaizen Restaurants Ltd |
Kaizen Restaurants Ltd (Registered number: 07737600) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Kaizen Restaurants Ltd |
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Company Information |
for the Year Ended 31 December 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Kaizen Restaurants Ltd (Registered number: 07737600) |
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Abbreviated Balance Sheet |
31 December 2015 |
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31.12.15 | 31.12.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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Kaizen Restaurants Ltd (Registered number: 07737600) |
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Abbreviated Balance Sheet - continued |
31 December 2015 |
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31.12.15 | 31.12.14 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 6 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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The financial statements were approved by the director on
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Kaizen Restaurants Ltd (Registered number: 07737600) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The accounts are prepared on the going concern basis |
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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 April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Franchise rights & fees |
Franchise rights & fees, being the amounts paid on acquisition of restaurants are being written off |
evenly over the terms of the franchise agreements or, in the case of restaurants acquired mid term, |
written off over 20 years. The 20 year write off period for any restaurants purchased mid term is on |
the basis that, on expiry of the existing 20 year franchise agreements, the company will be granted |
further 20 year franchises. The franchisor operates a formal "new term process" which sets out |
requirements for granting of a new term and the director does not anticipate any difficulty in meeting |
these requirements. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to the profit and loss account in the period to which they |
relate. |
Kaizen Restaurants Ltd (Registered number: 07737600) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
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AMORTISATION |
At 1 January 2015 |
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Amortisation for year |
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At 31 December 2015 |
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NET BOOK VALUE |
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At 31 December 2015 |
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At 31 December 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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Disposals | ( |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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Kaizen Restaurants Ltd (Registered number: 07737600) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
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loans |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 | 3,750 |
NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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5. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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31.12.15 | 31.12.14 |
£ | £ |
Repayable by instalments | 78,815 | 84,130 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
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Ordinary A | £1 |
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Ordinary B | £1 |
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100 | 100 |