Popolo Restaurants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08170712 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2018

for

Popolo Restaurants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Lawson

REGISTERED OFFICE:

10 Quebec Wharf

315 Kingsland Road

London

E8 4DJ

REGISTERED NUMBER:

08170712 (England and Wales)

ACCOUNTANTS:

Armstrong & Co

Chartered Accountants

4a Printing House Yard

Hackney Road

London

E2 7PR

FIXED ASSETS

Tangible assets

4

56,460

62,669

CURRENT ASSETS

Debtors

5

15,000

20,000

Cash at bank and in hand

112,996

11,336

127,996

31,336

CREDITORS

Amounts falling due within one year

6

251,986

239,516

NET CURRENT LIABILITIES

(123,990

)

(208,180

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(67,530

)

(145,511

)

PROVISIONS FOR LIABILITIES

10,727

-

NET LIABILITIES

(78,257

)

(145,511

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(78,259

)

(145,513

)

SHAREHOLDERS' FUNDS

(78,257

)

(145,511

)

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

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

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director on 24th May 2019 and were signed by:

J Lawson - Director

1.	STATUTORY INFORMATION

Popolo Restaurants 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.

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.

The company is expected to continue to make profits. This, together with the continued support of the director,

gives the director confidence that the accounts should be prepared on a going concern basis.

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.

Fixtures and fittings

-

20% on cost

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 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 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.

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 year was 11 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st September 2017

93,748

Additions

10,944

At 31st August 2018

104,692

DEPRECIATION

At 1st September 2017

31,079

Charge for year

17,153

At 31st August 2018

48,232

NET BOOK VALUE

At 31st August 2018

56,460

At 31st August 2017

62,669

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

15,000

20,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

(1

)

-

Social security and other taxes

12,138

4,652

VAT

23,837

18,664

Other creditors

761

6,589

Directors' current accounts

209,411

203,411

Accrued expenses

5,840

6,200

251,986

239,516