| N.P.C. CATERING LIMITED |
Registered number |
|
|
|
|
|
|
|
04855931 |
| Abbreviated Balance Sheet |
| as at 31 August 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
30,999 |
|
|
36,166 |
| Tangible assets |
3 |
|
|
28,131 |
|
|
26,329 |
|
|
|
|
59,130 |
|
|
62,495 |
|
| Current assets |
| Stocks |
|
|
3,912 |
|
|
4,687 |
| Debtors |
|
|
3,980 |
|
|
2,973 |
| Cash at bank and in hand |
|
|
12,661 |
|
|
23,025 |
|
|
|
20,553 |
|
|
30,685 |
|
| Creditors: amounts falling due within one year |
|
|
(28,424) |
|
|
(30,412) |
|
| Net current (liabilities)/assets |
|
|
|
(7,871) |
|
|
273 |
|
| Total assets less current liabilities |
|
|
|
51,259 |
|
|
62,768 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(36,479) |
|
|
(50,749) |
|
|
|
| Net assets |
|
|
|
14,780 |
|
|
12,019 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
14,680 |
|
|
11,919 |
|
| Shareholder's funds |
|
|
|
14,780 |
|
|
12,019 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| Approved by the board on 29 May 2015 |
|
|
|
| Mr N Christou |
| Director |
|
| N.P.C. CATERING LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 August 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the invoiced value of goods and services supplied by the company,net of value added tax and trade discounts.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
|
Leasehold land and buildings |
over the period of the lease of 10 years |
|
Plant and Machinery |
15% on a reducing balance method |
|
Goodwill |
Over the estimated economic life of 15 years |
|
The company adopted the policy of not depreciating in the year of purchase but full depreciation will be provided in the year of disposal. |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
|
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 purposes, provided the amount is material in the context of the financial statements as a whole. 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. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2013 |
77,499 |
|
At 31 August 2014 |
77,499 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 September 2013 |
41,333 |
|
Provided during the year |
5,167 |
|
At 31 August 2014 |
46,500 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2014 |
30,999 |
|
At 31 August 2013 |
36,166 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2013 |
65,743 |
|
Additions |
6,996 |
|
At 31 August 2014 |
72,739 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2013 |
39,414 |
|
Charge for the year |
5,194 |
|
At 31 August 2014 |
44,608 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2014 |
28,131 |
|
At 31 August 2013 |
26,329 |
|
|
|
|
|
|
|
|
| 4 |
Loans |
2014 |
|
2013 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
- |
|
2,653 |
|
Secured bank loans |
47,339 |
|
62,773 |
|
|
|
|
|
|
|
|
|
|
The bank loans and overdrafts are secured by the personal guarantee of the director.
|
|
|
| 5 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
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|
