TILEYARD_STUDIOS_CAFE_LTD - Accounts

TILEYARD STUDIOS CAFE LTD - Company Information

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Company Registration No. 08718869 (England and Wales)

TILEYARD STUDIOS CAFE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2014

TILEYARD STUDIOS CAFE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TILEYARD STUDIOS CAFE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

18,408

Current assets

Stocks

4,384

Debtors

10,684

Cash at bank and in hand

4,162

19,230

Creditors: amounts falling due within one year

(44,456)

Net current liabilities

(25,226)

Total assets less current liabilities

(6,818)

Capital and reserves

Called up share capital

Profit and loss account

(6,820)

Shareholders' funds

(6,818)

For the financial period ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 30 June 2015

P W F Kempe Esq

Director

Company Registration No. 08718869

TILEYARD STUDIOS CAFE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2-08).

At the period end, the company had net current liabilities of £25,226 and made a loss of £6,820.

The company meets its day to day working capital requirements from amounts provided by a company, controlled by the directors.

The directors therefore have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

1.2

Turnover

Turnover represents amounts receivable for food and catering services net of VAT and trade discounts. Revenue from food and beverage sales are recognised at the point of sale.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% Straight Line

Fixtures, fittings & equipment

25% Straight Line

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

TILEYARD STUDIOS CAFE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 4 October 2013

Additions

24,865

At 31 December 2014

24,865

Depreciation

At 4 October 2013

Charge for the period

6,457

At 31 December 2014

6,457

Net book value

At 31 December 2014

18,408

Share capital

2014

Allotted, called up and fully paid

2 Ordinary Shares of £1 each

During the year 2 ordinary shares of £1 each were allotted and fully paid at par for cash consideration.