Abbreviated Company Accounts - UNCHAINED RESTAURANTS LIMITED

UNCHAINED RESTAURANTS LIMITED - Company Information

Registered Number 03923043

UNCHAINED RESTAURANTS LIMITED

Abbreviated Accounts

30 June 2014

UNCHAINED RESTAURANTS LIMITED Registered Number 03923043

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	30,000
Tangible assets	3	139,787	456,338
		139,787	486,338
Current assets
Stocks		21,569	35,406
Debtors		130,831	178,964
Cash at bank and in hand		99,384	95,612
		251,784	309,982
Creditors: amounts falling due within one year		(451,580)	(498,872)
Net current assets (liabilities)		(199,796)	(188,890)
Total assets less current liabilities		(60,009)	297,448
Total net assets (liabilities)		(60,009)	297,448
Capital and reserves
Called up share capital		4	4
Revaluation reserve		100,000	375,000
Profit and loss account		(160,013)	(77,556)
Shareholders' funds		(60,009)	297,448

For the year ending 30 June 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 25 March 2015

And signed on their behalf by:
Robert Reeley, Director

UNCHAINED RESTAURANTS LIMITED Registered Number 03923043

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are 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 total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows :
Leasehold properties - Straightline over the life of the lease
Fixtures, Fittings and Equipment - 25% Reducing Balance
Plant and Machinery - 25% Reducing Balance

Other accounting policies
Stock - Stock is valued at the lower of cost and net realisable value.

Pensions - the pension cost charged in the financial statements represent the contribution payable by the company during the year. The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees service lives on the basis of a constant percentage of earnings.

2Intangible fixed assets

	£
Cost
At 1 July 2013	30,000
Additions	-
Disposals	(30,000)
Revaluations	-
Transfers	-
At 30 June 2014	0
Amortisation
At 1 July 2013	-
Charge for the year	-
On disposals	-
At 30 June 2014	-
Net book values
At 30 June 2014	0
At 30 June 2013	30,000

3Tangible fixed assets

	£
Cost
At 1 July 2013	620,049
Additions	-
Disposals	(308,442)
Revaluations	-
Transfers	-
At 30 June 2014	311,607
Depreciation
At 1 July 2013	163,711
Charge for the year	20,335
On disposals	(12,226)
At 30 June 2014	171,820
Net book values
At 30 June 2014	139,787
At 30 June 2013	456,338