Valley Cantonese Restaurant Limited

Valley Cantonese Restaurant Limited

VALLEY CANTONESE RESTAURANT LIMITED - Company Information

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1 November 2018 false No description of principal activity Taxfiler 2020.11 05242069business:PrivateLimitedCompanyLtd2018-11-012019-10-31 052420692018-10-31 052420692018-11-012019-10-31 05242069business:AuditExempt-NoAccountantsReport2018-11-012019-10-31 05242069business:FullAccounts2018-11-012019-10-31 052420692019-10-31 05242069business:Director12018-11-012019-10-31 05242069business:RegisteredOffice2018-11-012019-10-31 052420692018-10-31 05242069core:WithinOneYear2019-10-31 05242069core:WithinOneYear2018-10-31 05242069core:ShareCapital2019-10-31 05242069core:ShareCapital2018-10-31 05242069core:RetainedEarningsAccumulatedLosses2019-10-31 05242069core:RetainedEarningsAccumulatedLosses2018-10-31 05242069business:SmallEntities2018-11-012019-10-31 05242069countries:EnglandWales2018-11-012019-10-31 05242069core:Goodwill2018-10-31 05242069core:Goodwill2019-10-31 05242069core:Goodwill2018-11-012019-10-31 05242069core:FurnitureFittings2018-10-31 05242069core:FurnitureFittings2018-11-012019-10-31 05242069core:FurnitureFittings2019-10-31 052420692017-11-012018-10-31 iso4217:GBP xbrli:pure
Company Registration No. 05242069 (England and Wales)
Valley Cantonese Restaurant Limited Unaudited accounts for the year ended 31 October 2019
Valley Cantonese Restaurant Limited Unaudited accounts Contents
Page
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Valley Cantonese Restaurant Limited Company Information for the year ended 31 October 2019
Director
Choi Ling Lau Tang
Company Number
05242069 (England and Wales)
Registered Office
VALLEY CANTONESE RESTAURANT 240 GRANE ROAD HASLINGDEN ROSSENDALE LANCASHIRE BB4 4PB
Accountants
AMS Accountants SBU Ltd Tadis House 455 Whalley New Road Blackburn Lancashire BB1 9SP
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Valley Cantonese Restaurant Limited Statement of financial position as at 31 October 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
- 
34,500 
Tangible assets
5
- 
1,141 
- 
35,641 
Current assets
Inventories
6
- 
550 
Cash at bank and in hand
149 
16,173 
149 
16,723 
Creditors: amounts falling due within one year
7
(2,749)
(61,213)
Net current liabilities
(2,600)
(44,490)
Net liabilities
(2,600)
(8,849)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(2,601)
(8,850)
Shareholders' funds
(2,600)
(8,849)
For the year ending 31 October 2019 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2020 and were signed on its behalf by
Choi Ling Lau Tang Director Company Registration No. 05242069
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Valley Cantonese Restaurant Limited Notes to the Accounts for the year ended 31 October 2019
1
Statutory information
Valley Cantonese Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 05242069. The registered office is VALLEY CANTONESE RESTAURANT, 240 GRANE ROAD, HASLINGDEN ROSSENDALE, LANCASHIRE, BB4 4PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2018
34,500 
At 31 October 2019
34,500 
Amortisation
At 1 November 2018
- 
On disposals
34,500 
At 31 October 2019
34,500 
Net book value
At 31 October 2019
- 
At 31 October 2018
34,500 
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Valley Cantonese Restaurant Limited Notes to the Accounts for the year ended 31 October 2019
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2018
11,506 
Additions
6,440 
Disposals
(10,000)
At 31 October 2019
7,946 
Depreciation
At 1 November 2018
10,365 
On disposals
(2,419)
At 31 October 2019
7,946 
Net book value
At 31 October 2019
- 
At 31 October 2018
1,141 
6
Inventories
2019 
2018 
£ 
£ 
Finished goods
- 
550 
- 
550 
7
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
- 
2,741 
Taxes and social security
1,472 
380 
Other creditors
1,277 
2,506 
Loans from directors
- 
55,586 
2,749 
61,213 
8
Average number of employees
During the year the average number of employees was 2 (2018: 2).
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