Oasis Restaurant Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07248873 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Oasis Restaurant Limited

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

Directors:

R Ford (Snr)

Mrs T Ford

Secretary:

R Ford (Snr)

Registered office:

2 Belgrave Crescent

Scarborough

North Yorkshire

YO11 1UB

Registered number:

07248873 (England and Wales)

Accountants:

Ashby Berry Coulsons

2 Belgrave Crescent

Scarborough

North Yorkshire

YO11 1UB

Fixed assets

Tangible assets

2

78,871

82,313

Current assets

Stocks

970

970

Debtors

91,335

107,621

Cash at bank and in hand

32,903

1,531

125,208

110,122

Creditors

Amounts falling due within one year

56,578

49,396

Net current assets

68,630

60,726

Total assets less current liabilities

147,501

143,039

Creditors

Amounts falling due after more than one year

(19,843

)

(30,196

)

Provisions for liabilities

(11,350

)

(11,067

)

Net assets

116,308

101,776

Capital and reserves

Called up share capital

3

2

2

Profit and loss account

116,306

101,774

Shareholders' funds

116,308

101,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 September 2015 and were signed on its behalf by:

R Ford (Snr) - Director

1.	Accounting policies

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Fixtures and fittings - 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	Tangible fixed assets

Total

£

Cost

At 1 January 2014

and 31 December 2014

97,842

Depreciation

At 1 January 2014

15,529

Charge for year

3,442

At 31 December 2014

18,971

Net book value

At 31 December 2014

78,871

At 31 December 2013

82,313

3.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	Related party disclosures