NICE_BUNS_SANDWICHES_LIMI - Accounts

NICE BUNS SANDWICHES LIMITED - Company Information

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Company Registration No. 07909177 (England and Wales)

NICE BUNS SANDWICHES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

NICE BUNS SANDWICHES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NICE BUNS SANDWICHES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

21,000

24,000

Tangible assets

13,011

9,942

34,011

33,942

Current assets

Debtors

4,781

Cash at bank and in hand

2,171

3,056

6,952

3,110

Creditors: amounts falling due within one year

(21,083)

(21,615)

Net current liabilities

(14,131)

(18,505)

Total assets less current liabilities

19,880

15,437

Creditors: amounts falling due after more than one year

(27,893)

(27,000)

(8,013)

(11,563)

Capital and reserves

Called up share capital

100

Profit and loss account

(8,113)

(11,663)

Shareholders' funds

(8,013)

(11,563)

For the financial year ended 31 March 2015 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 year 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 for issue on 20 September 2015

Miss J Beeke

Director

Company Registration No. 07909177

NICE BUNS SANDWICHES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 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 2008).

The company is currently reflecting negative shareholders funds of £8,013. This includes £27,000 credit balance on the loan account of Mrs Hazel Wilson, mother of the company director and sole shareholder Miss J Beeke. On this basis the financial statements have been prepared on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Fixtures, fittings & equipment

15% straight line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014

30,000

14,060

44,060

Additions

6,092

At 31 March 2015

30,000

20,152

50,152

Depreciation

At 1 April 2014

6,000

4,118

10,118

Charge for the year

3,000

3,023

6,023

At 31 March 2015

9,000

7,141

16,141

Net book value

At 31 March 2015

21,000

13,011

34,011

At 31 March 2014

24,000

9,942

33,942

NICE BUNS SANDWICHES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100