Newplate restaurant Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07582627 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Newplate restaurant Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S C Cheung

REGISTERED OFFICE:

8B Accommodation Road

Golders Green

London

NW11 8ED

REGISTERED NUMBER:

07582627 (England and Wales)

ACCOUNTANTS:

Faiz & Co. Limited

Chartered Accountants

8B Accommodation Road

London

NW11 8ED

FIXED ASSETS

Tangible assets

4

-

62,176

CURRENT ASSETS

Stocks

3,100

3,000

Debtors

5

109,245

286,108

Cash at bank and in hand

34,622

22,403

146,967

311,511

CREDITORS

Amounts falling due within one year

6

98,965

108,429

NET CURRENT ASSETS

48,002

203,082

TOTAL ASSETS LESS CURRENT LIABILITIES

48,002

265,258

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

48,000

265,256

48,002

265,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 applicable to companies subject to the small companies regime.

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 25 February 2020 and were signed by:

S C Cheung - Director

1.	STATUTORY INFORMATION

Newplate restaurant 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 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.

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.

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 12 (2018 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2018

135,913

Disposals

(135,913

)

At 31 May 2019

-

DEPRECIATION

At 1 June 2018

73,737

Eliminated on disposal

(73,737

)

At 31 May 2019

-

NET BOOK VALUE

At 31 May 2019

-

At 31 May 2018

62,176

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/19

31/5/18

£

£

Trade debtors

3,894

-

Amounts owed by group undertakings

69,418

286,108

Other debtors

35,933

-

109,245

286,108

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/19

31/5/18

£

£

Trade creditors

60,916

76,359

Taxation and social security

37,321

28,842

Other creditors

728

3,228

98,965

108,429