Company Registration No. 04570585 (England and Wales)
HONG KONG CHINESE RESTAURANT (SEATON) LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
HONG KONG CHINESE RESTAURANT (SEATON) LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
HONG KONG CHINESE RESTAURANT (SEATON) LTD
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
27,724
31,424
Tangible assets
2
7,527
9,035
35,251
40,459
Current assets
Stocks
6,092
5,527
Debtors
5,019
6,552
Cash at bank and in hand
10,827
35,281
21,938
47,360
Creditors: amounts falling due within one year
(37,069)
(67,382)
Net current liabilities
(15,131)
(20,022)
Total assets less current liabilities
20,120
20,437
Capital and reserves
Called up share capital
3
220
220
Profit and loss account
19,900
20,217
Shareholders' funds
20,120
20,437
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 4 November 2015
Mr J J Hong
Director
Company Registration No. 04570585
HONG KONG CHINESE RESTAURANT (SEATON) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
1
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).
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:
Land and buildings Leasehold
Over 5 years
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2014 & at 31 August 2015
61,999
13,517
75,516
Depreciation
At 1 September 2014
30,575
4,482
35,057
Charge for the year
3,700
1,508
5,208
At 31 August 2015
34,275
5,990
40,265
Net book value
At 31 August 2015
27,724
7,527
35,251
At 31 August 2014
31,424
9,035
40,459
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
220 Ordinary of £1 each
220
220
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