Abbreviated Company Accounts - COSMOPOLITAN RESTAURANTS (UK) LIMITED

Abbreviated Company Accounts - COSMOPOLITAN RESTAURANTS (UK) LIMITED

COSMOPOLITAN RESTAURANTS (UK) LIMITED - Company Information

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Registered Number 06933391

COSMOPOLITAN RESTAURANTS (UK) LIMITED

Abbreviated Accounts

31 October 2014

COSMOPOLITAN RESTAURANTS (UK) LIMITED Registered Number 06933391

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 220,678 239,633
220,678 239,633
Current assets
Stocks 23,550 22,850
Debtors 36,920 39,020
Cash at bank and in hand 227,999 128,348
288,469 190,218
Creditors: amounts falling due within one year (175,444) (138,198)
Net current assets (liabilities) 113,025 52,020
Total assets less current liabilities 333,703 291,653
Creditors: amounts falling due after more than one year (135,192) (88,494)
Total net assets (liabilities) 198,511 203,159
Capital and reserves
Called up share capital 100 100
Profit and loss account 198,411 203,059
Shareholders' funds 198,511 203,159
  • For the year ending 31 October 2014 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 29 July 2015

And signed on their behalf by:
Yiaqnnakis Photiou, Director

COSMOPOLITAN RESTAURANTS (UK) LIMITED Registered Number 06933391

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Leasehold properties - Straight line over the life of the lease
Plant and machinery - 10% on reducing balance
Fixtures and fittings -10% on reducing balance

Intangible assets amortisation policy
Goodwill is written off in equal annual instalments over its estimated useful economic life of 4 years.

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

2Tangible fixed assets
£
Cost
At 1 November 2013 335,613
Additions 4,185
Disposals -
Revaluations -
Transfers -
At 31 October 2014 339,798
Depreciation
At 1 November 2013 95,980
Charge for the year 23,140
On disposals -
At 31 October 2014 119,120
Net book values
At 31 October 2014 220,678
At 31 October 2013 239,633