Abbreviated Company Accounts - PIE WORKS LIMITED

07554093 PIE WORKS LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 07554093 2014-09-01 2015-08-31 07554093 2015-08-31 07554093 2014-08-31 07554093 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 07554093 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 07554093

PIE WORKS LIMITED

Abbreviated Accounts

31 August 2015

PIE WORKS LIMITED Registered Number 07554093

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	30,000	35,000
Tangible assets	3	378,802	280,839
		408,802	315,839
Current assets
Stocks		5,000	-
Debtors		8,120	5,049
Cash at bank and in hand		151,086	170,830
		164,206	175,879
Creditors: amounts falling due within one year		(203,789)	(183,489)
Net current assets (liabilities)		(39,583)	(7,610)
Total assets less current liabilities		369,219	308,229
Creditors: amounts falling due after more than one year		(261,163)	(238,933)
Total net assets (liabilities)		108,056	69,296
Capital and reserves
Called up share capital	4	400	400
Profit and loss account		107,656	68,896
Shareholders' funds		108,056	69,296

For the year ending 31 August 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 31 May 2016

And signed on their behalf by:
K Goddard, Director
S Horton, Director

PIE WORKS LIMITED Registered Number 07554093

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting 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 April 2008).

Turnover policy
Turnover represents amounts receivable for the provision of traditional pie, mash and liquor as well as jacket potatoes net of 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, as follows:

Land and buildings Leasehold Over the lease term of 25 years
Plant and machinery 25% reducing balance

Other accounting policies
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).

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 September 2014	50,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	50,000
Amortisation
At 1 September 2014	15,000
Charge for the year	5,000
On disposals	-
At 31 August 2015	20,000
Net book values
At 31 August 2015	30,000
At 31 August 2014	35,000

3Tangible fixed assets

	£
Cost
At 1 September 2014	341,034
Additions	124,917
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	465,951
Depreciation
At 1 September 2014	60,195
Charge for the year	26,954
On disposals	-
At 31 August 2015	87,149
Net book values
At 31 August 2015	378,802
At 31 August 2014	280,839

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

	2015 £	2014 £
400 Ordinary shares of £1 each	400	400