back to MAROLA RESTAURANTS LTD detail Marola Restaurants Ltd - Accounts to registrar (filleted) - small 18.2
IRIS Accounts Production v18.2.1.62 SC574863 director 29.8.17 31.8.18 31.8.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5748632017-08-28SC5748632018-08-31SC5748632017-08-292018-08-31SC5748632017-08-28SC574863ns15:Scotland2017-08-292018-08-31SC574863ns14:PoundSterling2017-08-292018-08-31SC574863ns10:Director12017-08-292018-08-31SC574863ns10:PrivateLimitedCompanyLtd2017-08-292018-08-31SC574863ns10:SmallEntities2017-08-292018-08-31SC574863ns10:AuditExemptWithAccountantsReport2017-08-292018-08-31SC574863ns10:SmallCompaniesRegimeForDirectorsReport2017-08-292018-08-31SC574863ns10:SmallCompaniesRegimeForAccounts2017-08-292018-08-31SC574863ns10:FullAccounts2017-08-292018-08-31SC574863ns10:CompanySecretary12017-08-292018-08-31SC574863ns10:RegisteredOffice2017-08-292018-08-31SC574863ns5:CurrentFinancialInstruments2018-08-31SC574863ns5:ShareCapital2018-08-31SC574863ns5:RetainedEarningsAccumulatedLosses2018-08-31SC574863ns5:PlantMachinery2017-08-292018-08-31SC574863ns5:PlantMachinery2018-08-31SC574863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-08-31


REGISTERED NUMBER: SC574863 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 AUGUST 2017 TO 31 AUGUST 2018

FOR

MAROLA RESTAURANTS LTD

MAROLA RESTAURANTS LTD (REGISTERED NUMBER: SC574863)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 29 August 2017 to 31 August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

MAROLA RESTAURANTS LTD

COMPANY INFORMATION
for the Period 29 August 2017 to 31 August 2018







DIRECTOR: Ms M Gonzalez





SECRETARY:





REGISTERED OFFICE: c/o Mark Toma & Co
48 Nithsdale Road
Glasgow
G41 2AN





REGISTERED NUMBER: SC574863 (Scotland)





ACCOUNTANTS: Mark Toma & Company Limited
Chartered Accountants & Business Advisers
48 Nithsdale Road
Glasgow
G41 2AN

MAROLA RESTAURANTS LTD (REGISTERED NUMBER: SC574863)

BALANCE SHEET
31 August 2018

Notes £    £   
FIXED ASSETS
Tangible assets 4 4,800

CURRENT ASSETS
Stocks 600
Debtors 5 2,566
Cash at bank and in hand 23,968
27,134
CREDITORS
Amounts falling due within one year 6 23,498
NET CURRENT ASSETS 3,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,436

PROVISIONS FOR LIABILITIES 912
NET ASSETS 7,524

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings 7,514
SHAREHOLDERS' FUNDS 7,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

The financial statements were approved by the director on 6 November 2018 and were signed by:



Ms M Gonzalez - Director


MAROLA RESTAURANTS LTD (REGISTERED NUMBER: SC574863)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 29 August 2017 to 31 August 2018

1. STATUTORY INFORMATION

Marola Restaurants Ltd is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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.
Plant and machinery etc - 20% on cost

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 period 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 balance sheet date.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

MAROLA RESTAURANTS LTD (REGISTERED NUMBER: SC574863)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 29 August 2017 to 31 August 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 6,000
At 31 August 2018 6,000
DEPRECIATION
Charge for period 1,200
At 31 August 2018 1,200
NET BOOK VALUE
At 31 August 2018 4,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,000
Taxation and social security 18,029
Other creditors 3,469
23,498

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors are amounts due to the director.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MAROLA RESTAURANTS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Marola Restaurants Ltd for the period ended 31 August 2018 which comprise the Statement of
Income and Retained Earnings, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

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

It is your duty to ensure that Marola 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 Marola Restaurants Ltd. You consider that Marola 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 Marola 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.






Mark Toma & Company Limited
Chartered Accountants & Business Advisers
48 Nithsdale Road
Glasgow
G41 2AN


6 November 2018