Abbreviated Company Accounts - NEW DRAGON PALACE RESTAURANT LIMITED

NEW DRAGON PALACE RESTAURANT LIMITED - Company Information

04704521 NEW DRAGON PALACE RESTAURANT LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 04704521 2013-06-01 2014-05-31 04704521 2014-05-31 04704521 2013-05-31 04704521 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 04704521 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 04704521

NEW DRAGON PALACE RESTAURANT LIMITED

Abbreviated Accounts

31 May 2014

NEW DRAGON PALACE RESTAURANT LIMITED Registered Number 04704521

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	27,018	33,037
		27,018	33,037
Creditors: amounts falling due within one year		(57,533)	(82,274)
Net current assets (liabilities)		(57,533)	(82,274)
Total assets less current liabilities		(30,515)	(49,237)
Provisions for liabilities		(501)	(583)
Total net assets (liabilities)		(31,016)	(49,820)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(31,017)	(49,821)
Shareholders' funds		(31,016)	(49,820)

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 February 2015

And signed on their behalf by:
Mr C W Man, Director

NEW DRAGON PALACE RESTAURANT LIMITED Registered Number 04704521

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Leasehold premises Over the term of the lease
Plant and machinery 15% reducing balance

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax proposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 June 2013	100,244
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	100,244
Depreciation
At 1 June 2013	67,207
Charge for the year	6,019
On disposals	-
At 31 May 2014	73,226
Net book values
At 31 May 2014	27,018
At 31 May 2013	33,037

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1