Popular Takeaway Limited - Accounts to registrar (filleted) - small 18.2

Popular Takeaway Limited - Accounts to registrar (filleted) - small 18.2

POPULAR TAKEAWAY LIMITED - Company Information

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REGISTERED NUMBER: 07182393 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

POPULAR TAKEAWAY LIMITED
POPULAR TAKEAWAY LIMITED (REGISTERED NUMBER: 07182393)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


POPULAR TAKEAWAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTOR: Mr A P Fawcett





REGISTERED OFFICE: 36 High Street
Cleethorpes
North East Lincs
DN35 8JN





BUSINESS ADDRESS: 493 Grimsby Road
Cleethorpes
Grimsby
North East Lincs
DN35 8AJ





REGISTERED NUMBER: 07182393 (England and Wales)





ACCOUNTANTS: Blow Abbott Limited
36 High Street
Cleethorpes
North East Lincs
DN35 8JN
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POPULAR TAKEAWAY LIMITED (REGISTERED NUMBER: 07182393)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,890 6,736
4,890 6,736

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 1,428 595
Cash at bank and in hand 10,777 11,174
13,205 12,769
CREDITORS
Amounts falling due within one year 7 4,964 5,450
NET CURRENT ASSETS 8,241 7,319
TOTAL ASSETS LESS CURRENT
LIABILITIES
13,131
14,055

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 13,031 13,955
SHAREHOLDERS' FUNDS 13,131 14,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 notes form part of these financial statements

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POPULAR TAKEAWAY LIMITED (REGISTERED NUMBER: 07182393)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2020


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 and authorised for issue on 8 June 2020 and were
signed by:





Mr A P Fawcett - Director


The notes form part of these financial statements

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POPULAR TAKEAWAY LIMITED (REGISTERED NUMBER: 07182393)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020


1. STATUTORY INFORMATION

Popular Takeaway 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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 statement of financial position date.


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POPULAR TAKEAWAY LIMITED (REGISTERED NUMBER: 07182393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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 3 (2019 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2019
and 31 March 2020 25,000
AMORTISATION
At 1 April 2019
and 31 March 2020 25,000
NET BOOK VALUE
At 31 March 2020 -
At 31 March 2019 -

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POPULAR TAKEAWAY LIMITED (REGISTERED NUMBER: 07182393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2019
and 31 March 2020 28,294
DEPRECIATION
At 1 April 2019 21,558
Charge for year 1,846
At 31 March 2020 23,404
NET BOOK VALUE
At 31 March 2020 4,890
At 31 March 2019 6,736

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Deferred tax asset 823 14
Prepayments 605 581
1,428 595

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 1,486 935
Tax 1,542 1
Social security and other taxes 144 -
Other creditors 372 905
Directors' loan accounts 150 1,856
Accruals and deferred income 1,270 1,753
4,964 5,450

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
100 £1 Ordinary shares 1 100 100

9. RELATED PARTY DISCLOSURES

At 2020 the company owed the Director £150 (2019: £1,856). No interest is payable on the loan.

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POPULAR TAKEAWAY LIMITED (REGISTERED NUMBER: 07182393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


10. ULTIMATE CONTROLLING PARTY

Mr A P Fawcett owns 100% of the share capital of the company and is therefore the ultimate
controlling party.

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