Abbreviated Company Accounts - CONVENIENCE STORES UK (MANCHESTER) LIMITED

CONVENIENCE STORES UK (MANCHESTER) LIMITED - Company Information

07894102 CONVENIENCE STORES UK (MANCHESTER) LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 07894102 2014-03-01 2015-02-28 07894102 2015-02-28 07894102 2014-02-28 07894102 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 07894102 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:Director3 2014-03-01 2015-02-28 uk-gaap-cd-bus:Director3 2015-02-28 uk-gaap-cd-bus:Director3 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 07894102

CONVENIENCE STORES UK (MANCHESTER) LIMITED

Abbreviated Accounts

28 February 2015

CONVENIENCE STORES UK (MANCHESTER) LIMITED Registered Number 07894102

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	202,041	202,041
Tangible assets	3	115,390	64,235
		317,431	266,276
Current assets
Stocks		99,340	85,873
Debtors		28,386	-
Cash at bank and in hand		8,198	3,675
		135,924	89,548
Creditors: amounts falling due within one year		(171,290)	(71,488)
Net current assets (liabilities)		(35,366)	18,060
Total assets less current liabilities		282,065	284,336
Creditors: amounts falling due after more than one year		(268,920)	(280,770)
Total net assets (liabilities)		13,145	3,566
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		13,144	3,565
Shareholders' funds		13,145	3,566

For the year ending 28 February 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 November 2015

And signed on their behalf by:
MR MOHANLAL K PATEL, Director

CONVENIENCE STORES UK (MANCHESTER) LIMITED Registered Number 07894102

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises invoiced sales net of returns, trade discounts and VAT.

Tangible assets depreciation policy
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 on a reducing balance method as follows:
Fixture and fittings 20%

Intangible assets amortisation policy
NONE

Valuation information and policy
Stocks are valued at the lower of cost and net reliable value, after allowing for slow-moving and obsolete items.

Other accounting policies
Corporation tax payable is provided for on taxable profits at the current rate.

2Intangible fixed assets

	£
Cost
At 1 March 2014	202,041
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	202,041
Amortisation
At 1 March 2014	-
Charge for the year	-
On disposals	-
At 28 February 2015	-
Net book values
At 28 February 2015	202,041
At 28 February 2014	202,041

3Tangible fixed assets

	£
Cost
At 1 March 2014	79,430
Additions	58,675
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	138,105
Depreciation
At 1 March 2014	15,195
Charge for the year	7,520
On disposals	-
At 28 February 2015	22,715
Net book values
At 28 February 2015	115,390
At 28 February 2014	64,235

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1

5Transactions with directors

Name of director receiving advance or credit:	MR MOHANLAL K PATEL
Description of the transaction:	DIRECTOR
Balance at 1 March 2014:	£ 170,770
Advances or credits made:	£ 28,700
Advances or credits repaid:	£ 550
Balance at 28 February 2015:	£ 198,920

The ultimate controlling parties are MOHANLAL KUVARJI PATEL by virtue of their ownership of 100% each in the ordinary share capital of the company.