Geneve Eatery Limited - Limited company - abbreviated

REGISTERED NUMBER: 08301178 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

GENEVE EATERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J C Thomson

Mrs J M Thomson

REGISTERED OFFICE:

1386 London Road

Leigh on Sea

Essex

SS9 2UJ

REGISTERED NUMBER:

08301178 (England and Wales)

ACCOUNTANTS:

Francis James & Partners LLP

Chartered Accountants

1386 London Road

Leigh on Sea

Essex

SS9 2UJ

FIXED ASSETS

Intangible assets

2

12,682

16,910

Tangible assets

3

25,651

30,177

38,333

47,087

CURRENT ASSETS

Stocks

2,750

2,500

Debtors

4,164

6,569

Cash at bank

10,624

12,520

17,538

21,589

CREDITORS

Amounts falling due within one year

106,228

102,192

NET CURRENT LIABILITIES

(88,690

)

(80,603

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,357

)

(33,516

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(50,457

)

(33,616

)

SHAREHOLDERS' FUNDS

(50,357

)

(33,516

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 23 July 2015 and were signed on its behalf by:

Mrs J M Thomson - Director

J C Thomson - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of six years.

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

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 has been calculated, and has been provided for in the financial statements.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

25,365

AMORTISATION

At 1 April 2014

8,455

Amortisation for year

4,228

At 31 March 2015

12,683

NET BOOK VALUE

At 31 March 2015

12,682

At 31 March 2014

16,910

3.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

COST

At 1 April 2014

and 31 March 2015

1

41,170

41,171

DEPRECIATION

At 1 April 2014

-

10,994

Charge for year

-

4,526

At 31 March 2015

-

15,520

NET BOOK VALUE

At 31 March 2015

1

25,650

25,651

At 31 March 2014

1

30,176

30,177

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

5.	ULTIMATE PARENT COMPANY

Jevolution Ltd is regarded by the directors as being the company's ultimate parent company.

The entire share capital of this company is owned by Jevolution Ltd, a company in which Mr J C Thomson and

Mrs J M Thomson are directors and shareholders.

6.	GOING CONCERN

At the balance sheet date, the company was exhibiting a net deficiency of assets. The directors are confident that

turnover and profitability will improve in the next 12 months. The accounts are therefore prepared using the

going concern basis.

Geneve Eatery Limited - Limited company - abbreviated - 11.9

Geneve Eatery Limited - Limited company - abbreviated - 11.9