Abbreviated Company Accounts - VENUS BAR & BRASSERIE LIMITED
Abbreviated Company Accounts - VENUS BAR & BRASSERIE LIMITED
Registered Number 07176770
VENUS BAR & BRASSERIE LIMITED
Abbreviated Accounts
31 March 2015
VENUS BAR & BRASSERIE LIMITED Registered Number 07176770
Abbreviated Balance Sheet as at 31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 March 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
And signed on their behalf by:
VENUS BAR & BRASSERIE LIMITED Registered Number 07176770
Notes to the Abbreviated Accounts for the period ended 31 March 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Computer equipment - 25% on reducing balance
FF & equipment - 15% on reducing balance
Other accounting policies
Rentals payable under operating lease are charged against income on a straight line basis over the lease term.
Stock :
Stock is valued at the lower of cost and net realisable value.
Going Concern :
At the balance sheet date, the company had net liabilities. The company is reliant on the support by the director, who has lent the company a loan.
On the basis that director will continue to support the reporting entity for the foreseeable future, the director considers it appropriate to prepare the financial statements on a going concern basis.
The financial statements do not include any adjustment that would result from a withdrawal of the support of the director.
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 993 |
At 31 March 2014 | 1,198 |