Chilli-Peppers Cook Shop Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04832059 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 AUGUST 2015

FOR

CHILLI-PEPPERS COOK SHOP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss S. Wallis

REGISTERED OFFICE:

24 Eastgate

LOUTH

LN11 9NE

REGISTERED NUMBER:

04832059 (England and Wales)

ACCOUNTANTS:

Smethurst and Buckton Ltd

12 Abbey Road

GRIMSBY

DN32 0HL

BANKERS:

TSB

37 Castlegate

Newark-on-Trent

NEWARK

NG24 1BD

FIXED ASSETS

Tangible assets

2

3,816

5,231

CURRENT ASSETS

Stocks

29,847

42,697

Debtors

1,277

1,223

Cash at bank and in hand

622

4,492

31,746

48,412

CREDITORS

Amounts falling due within one year

19,238

18,432

NET CURRENT ASSETS

12,508

29,980

TOTAL ASSETS LESS CURRENT LIABILITIES

16,324

35,211

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

16,224

35,111

SHAREHOLDERS' FUNDS

16,324

35,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 May 2016 and were signed by:

Miss S. Wallis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% Straight Line

Plant and machinery

-

33% Straight Line and 25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 31 August 2014

and 30 August 2015

21,715

DEPRECIATION

At 31 August 2014

16,484

Charge for year

1,415

At 30 August 2015

17,899

NET BOOK VALUE

At 30 August 2015

3,816

At 30 August 2014

5,231

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.8.15

30.8.14

value:

£

£

100

Ordinary

£1

100

100