Accounts filed on 31-03-2015


2014-04-012015-03-3103985157falsetruehttp://www.companieshouse.gov.uk/cd:Director12014-04-012015-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2014-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2014-04-012015-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2015-03-31http://www.companieshouse.gov.uk/pt:FixturesFittings2014-03-31http://www.companieshouse.gov.uk/pt:FixturesFittings2015-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-04-012015-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2014-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2014-04-012015-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2015-03-31http://www.companieshouse.gov.uk/pt:FixturesFittings2014-04-012015-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2014-04-012015-03-31http://www.companieshouse.gov.uk/2013-04-012014-03-31http://www.companieshouse.gov.uk/2014-04-012015-03-31http://www.companieshouse.gov.uk/2014-03-31http://www.companieshouse.gov.uk/2015-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2014-03-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2014-04-012015-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2015-03-31http://www.companieshouse.gov.uk/2014-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03985157

PRASHAD LIMITED

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2015

Prepared By:
Ashfords
1378 Leeds Road
Bradford
BD3 8NE


PRASHAD LIMITED

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2015
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 03985157


PRASHAD LIMITED

Registered Number: 03985157
BALANCE SHEET AT 31/03/2015
20152014
Notes££
FIXED ASSETS
Intangible assets265,00065,000
Tangible assets3223,981239,258
288,981304,258
CURRENT ASSETS
Stock10,00010,000
Debtors (amounts falling due within one year)44,6932,795
Cash at bank and in hand15,263880
29,95613,675
CREDITORS: Amounts falling due within one year259,950251,839
NET CURRENT LIABILITIES(229,994)(238,164)
TOTAL ASSETS LESS CURRENT LIABILITIES58,98766,094
CAPITAL AND RESERVES
Called up share capital51010
Profit and loss account58,97766,084
SHAREHOLDERS' FUNDS58,98766,094
For the year ending 31/03/2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 14/07/2015 and signed on their behalf by
D K PATEL
Director


PRASHAD LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2015
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 05%
Commercial Vehiclesreducing balance 20%
Fixtures and Fittingsreducing balance 10%
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and not amortised. The value of the goodwill is at least equal to the acquistion cost.


PRASHAD LIMITED

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/201465,00065,000
At 31/03/201565,00065,000
Depreciation
At 31/03/2015--
Net Book Amounts
At 31/03/201565,00065,000
At 31/03/201465,00065,000
3. TANGIBLE FIXED ASSETS
Land AndCommercialFixtures
BuildingsVehiclesand FittingsTotal
££££
Cost
At 01/04/201478,14412,800224,410315,354
Additions--5,6905,690
At 31/03/201578,14412,800230,100321,044
Depreciation
At 01/04/20147,6015,83962,65676,096
For the year3,52769616,74420,967
At 31/03/201511,1286,53579,40097,063
Net Book Amounts
At 31/03/201567,0166,265150,700223,981
At 31/03/201470,5436,961161,754239,258


PRASHAD LIMITED

4. DEBTORS 20152014
££
Amounts falling due within one year:
Trade debtors2,513-
Other debtors2,1802,795
4,6932,795
5. SHARE CAPITAL 20152014
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010
6. TURNOVER
The turnover and pre-tax result is attributable to that of an authentic Indian vegetarian restaurant and takeaway.
20152014
££
Sales632,119631,489
Sales-Cooking course8,2353,626
640,354635,115


PRASHAD LIMITED

7. CONTROLLING PARTY
The company was controlled throughout the current and previous year by the directors by virtue of the fact that between them, they own the entire issued share capital of the company.