ML Restaurants Ltd - Abbreviated accounts 16.3

ML Restaurants Ltd - Abbreviated accounts 16.3

ML RESTAURANTS LTD - Company Information

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SC501395 24.3.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5013952015-03-23SC5013952016-03-31SC5013952015-03-242016-03-31SC5013952015-03-23SC501395ns12:Scotland2015-03-242016-03-31SC501395ns14:PoundSterling2015-03-242016-03-31SC501395ns7:Director12015-03-242016-03-31SC501395ns7:OrdinaryShareClass12015-03-242016-03-31SC501395ns7:Director22015-03-242016-03-31SC501395ns7:RegisteredOffice2015-03-242016-03-31SC501395ns7:EntityAccountantsOrAuditors2015-03-242016-03-31SC501395ns5:PlantMachinery2015-03-242016-03-31SC501395ns7:OrdinaryShareClass12016-03-31SC501395ns7:Director12015-03-23SC501395ns7:Director12016-03-31
REGISTERED NUMBER: SC501395 (Scotland)














ABBREVIATED ACCOUNTS

FOR THE PERIOD 24 MARCH 2015 TO 31 MARCH 2016

FOR

ML RESTAURANTS LTD

ML RESTAURANTS LTD (REGISTERED NUMBER: SC501395)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 24 MARCH 2015 TO 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

ML RESTAURANTS LTD

COMPANY INFORMATION
FOR THE PERIOD 24 MARCH 2015 TO 31 MARCH 2016







DIRECTORS: Richard Gavin Laciok
Marco Mozzachiodi





REGISTERED OFFICE: 64 Ingram Street
Glasgow
G1 1EX





REGISTERED NUMBER: SC501395 (Scotland)





ACCOUNTANTS: D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW
Page 1
ML RESTAURANTS LTD (REGISTERED NUMBER: SC501395)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

Notes £    £   
FIXED ASSETS
Intangible assets 2 141,667
Tangible assets 3 49,258
190,925

CURRENT ASSETS
Stocks 14,877
Debtors 19,882
Cash at bank and in hand 21,735
56,494
CREDITORS
Amounts falling due within one year 247,286
NET CURRENT LIABILITIES (190,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
133

CAPITAL AND RESERVES
Called up share capital 4 100
Profit and loss account 33
SHAREHOLDERS' FUNDS 133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 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 12 October 2016 and were signed on its behalf by:




Marco Mozzachiodi - Director


The notes form part of these abbreviated accounts

Page 2
ML RESTAURANTS LTD (REGISTERED NUMBER: SC501395)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 24 MARCH 2015 TO 31 MARCH 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
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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

Equipment and fittings - 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.

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
Additions 170,000
At 31 March 2016 170,000
AMORTISATION
Amortisation for period 28,333
At 31 March 2016 28,333
NET BOOK VALUE

At 31 March 2016 141,667

Page 3 continued...
ML RESTAURANTS LTD (REGISTERED NUMBER: SC501395)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 24 MARCH 2015 TO 31 MARCH 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 56,295
At 31 March 2016 56,295
DEPRECIATION
Charge for period 7,037
At 31 March 2016 7,037
NET BOOK VALUE
At 31 March 2016 49,258

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2016:

£   
Marco Mozzachiodi
Balance outstanding at start of period -
Amounts advanced 12,000
Amounts repaid -
Balance outstanding at end of period 12,000

The loan to the director was repaid after the year-end.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ML RESTAURANTS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of ML Restaurants Ltd for the period ended 31 March 2016 which comprise 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 Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of ML Restaurants Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ML Restaurants Ltd and state those matters that we have agreed to state to the Board of Directors of ML Restaurants Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ML Restaurants Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ML Restaurants Ltd. You consider that ML Restaurants Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of ML Restaurants Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW


12 October 2016

This page does not form part of the abbreviated accounts

Page 5