Megabites Catering Limited - Abbreviated accounts

MEGABITES CATERING LTD - Company Information

Registered number

03988666

Megabites Catering Limited

Abbreviated Accounts

30 April 2015

Megabites Catering Limited
Registered number:		03988666
Abbreviated Balance Sheet
as at 30 April 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		18,099			22,331

Current assets
Stocks		2,750			2,750
Debtors		12,829			9,176
Cash at bank and in hand		25,427			29,642
		41,006			41,568

Creditors: amounts falling due within one year		(7,587)			(4,269)

Net current assets			33,419			37,299

Net assets			51,518			59,630

Capital and reserves
Called up share capital	3		1			1
Capital redemption reserve			107,529			102,258
Profit and loss account			(56,012)			(42,629)

Shareholder's funds			51,518			59,630

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mrs L Naftel
Director
Approved by the board on 14 January 2016

Megabites Catering Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2015

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 May 2014					81,974
	Additions					375
	At 30 April 2015					82,349

	Depreciation
	At 1 May 2014					59,643
	Charge for the year					4,607
	At 30 April 2015					64,250

	Net book value
	At 30 April 2015					18,099
	At 30 April 2014					22,331


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1