VALLEY CANTONESE RESTAURANT LIMITED Accounts filed on 31-10-2015

VALLEY CANTONESE RESTAURANT LIMITED - Company Information

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VALLEY CANTONESE RESTAURANT LIMITED

Company Registration Number:
05242069 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st November 2014

End date: 31st October 2015

SUBMITTED

Company Information
for the Period Ended 31st October 2015

Director:		Choi Ling Lau Tang



Company secretary:		Chi Loon Tang



Registered office:		Valley Cantonese Restaurant
		240 Grane Road

		Haslingden Rossendale
		Lancashire
		BB4 4PB




Company Registration Number:		05242069 (England and Wales)

Abbreviated Balance sheet
As at 31st October 2015

	Notes	2015 £	2014 £
Fixed assets
Intangible assets:	7	51,750	57,500
Tangible assets:	8	2,097	2,467
Total fixed assets:		53,847	59,967
Current assets
Stocks:		1,250	1,250
Debtors:	9	781	638
Cash at bank and in hand:		15,396	9,602
Total current assets:		17,427	11,490
Creditors
Creditors: amounts falling due within one year	10	69,973	69,445
Net current assets (liabilities):		( 52,546 )	( 57,955 )
Total assets less current liabilities:		1,301	2,012
Provision for liabilities:	11	319	371
Total net assets (liabilities):		982	1,641

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st October 2015
continued

	Notes	2015 £	2014 £
Capital and reserves
Called up share capital:	12	1	1
Profit and Loss account:		981	1,640
Total shareholders funds:		982	1,641

For the year ending 31 October 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 08 December 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Choi Ling Lau Tang
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015)

Turnover policy

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Tangible fixed assets depreciation policy

Depreciation is provided on all tangible fixed assets calculated to write off the cost by a reducing amount at the following rates : Equipment & Fittings - 15% per annum.

Intangible fixed assets amortisation policy

Goodwill paid on acquisition of the business is being written off evenly over its estimated economic life of 20 years from the date of purchase on November 2004

Valuation information and policy

Stocks are stated at the lower of cost and net realisable value.

Other accounting policies

Deferred Taxation is provided on capital allowances claimed in advance of depreciation on fixed assets.

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

7. Intangible assets

	Total
Cost	£
At 01st November 2014:	115,000
	115,000

Amortisation	£
At 01st November 2014:	57,500
Provided during the period:	5,750
At 31st October 2015:	63,250

Net book value	£
At 31st October 2015:	51,750
At 31st October 2014:	57,500

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

8. Tangible assets

	Total
Cost	£
At 01st November 2014:	11,506
At 31st October 2015:	11,506
Depreciation
At 01st November 2014:	9,039
Charge for year:	370
At 31st October 2015:	9,409
Net book value
At 31st October 2015:	2,097
At 31st October 2014:	2,467

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

9. Debtors

	2015 £	2014 £
Prepayments and accrued income:	781	638
Total:	781	638

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

10. Creditors: amounts falling due within one year

	2015 £	2014 £
Taxation and social security:	6,275	7,128
Accruals and deferred income:	2,041	1,595
Other creditors:	61,657	60,722
Total:	69,973	69,445

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

12. Called up share capital

Allotted, called up and paid

Previous period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1	1.00 1.00	1
Total share capital:			1

Current period			2015
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1	1.00 1.00	1
Total share capital:			1

VALLEY CANTONESE RESTAURANT LIMITED Accounts filed on 31-10-2015