| Sanctuary in the Lawn Cafe Limited |
| Registered number: |
07409251 |
| Abbreviated Balance Sheet |
| as at 31 October 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
7,980 |
|
|
6,230 |
|
| Current assets |
| Stocks |
|
|
56,200 |
|
|
20,000 |
| Debtors |
|
|
4,574 |
|
|
7,078 |
| Cash at bank and in hand |
|
|
13,960 |
|
|
19,688 |
|
|
|
74,734 |
|
|
46,766 |
|
| Creditors: amounts falling due within one year |
|
|
(16,051) |
|
|
(20,752) |
|
| Net current assets |
|
|
|
58,683 |
|
|
26,014 |
|
| Total assets less current liabilities |
|
|
|
66,663 |
|
|
32,244 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(92,882) |
|
|
(52,885) |
|
|
|
| Net liabilities |
|
|
|
(26,219) |
|
|
(20,641) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(26,319) |
|
|
(20,741) |
|
| Shareholders' funds |
|
|
|
(26,219) |
|
|
(20,641) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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. |
|
|
|
| Mr S Smith |
| Director |
| Approved by the board on 31 July 2015 |
|
| Sanctuary in the Lawn Cafe Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 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). |
|
|
Going Concern |
|
The directors continue to see an increase in footfall since the relocation of premises to a more populated area within Lincoln. The resulting increase in daily turnover combined with tighter cost controls has significantly improved cash flow. The directors have therefore adopted the going concern basis of accounting. |
|
|
Turnover |
|
Turnover represents the value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2013 |
7,329 |
|
Additions |
3,159 |
|
At 31 October 2014 |
10,488 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2013 |
1,099 |
|
Charge for the year |
1,409 |
|
At 31 October 2014 |
2,508 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2014 |
7,980 |
|
At 31 October 2013 |
6,230 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
