Route 16 Trading Limited - Period Ending 2015-01-31

Registration number: 03499196

Route 16 Trading Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

King & Taylor Limited
4th Floor, Joynes House
New Road
Gravesend
Kent
DA11 0AT

Route 16 Trading Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Route 16 Trading Limited
(Registration number: 03499196)
Abbreviated Balance Sheet at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					423,730			416,957
Current assets
Debtors					29,198			23,110
Cash at bank and in hand					42,348			12,328
					71,546			35,438
Creditors: Amounts falling due within one year					(768,631)			(739,430)
Net current liabilities					(697,085)			(703,992)
Net liabilities					(273,355)			(287,035)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(273,455)			(287,135)
Shareholders' deficit					(273,355)			(287,035)

For the year ending 31 January 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 30 October 2015 and signed on its behalf by:

.........................................
Mr I C Gay
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Route 16 Trading Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

In the year before last the company ceased to operate in the motor vehicle trade. Development of the freehold building begun towards the end of that financial year and completed during the last financial year to turn the property into a diner. The large deficit on the balance sheet is primarily made up of directors loans which are not intending to be called upon. For this reason the directors consider it appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, of sales made during the year.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and Buildings	Straight line over fifty years
Plant and Machinery	25% Reducing Balance basis
Fixtures and fittings	20% Reducing Balance basis

Deferred tax

Deferred tax is provided on the liability method to take account of the timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. The company has not adopted a policy of discounting deferred tax assets and liabilities.

Page 2

Route 16 Trading Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		466,539			466,539
Additions		28,216			28,216
At 31 January 2015		494,755			494,755
Depreciation
At 1 February 2014		49,582			49,582
Charge for the year		21,443			21,443
At 31 January 2015		71,025			71,025
Net book value
At 31 January 2015		423,730			423,730
At 31 January 2014		416,957			416,957

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 3