Abbreviated Company Accounts - PHOENIX CONTRACT KITCHENS LIMITED

Abbreviated Company Accounts - PHOENIX CONTRACT KITCHENS LIMITED

PHOENIX CONTRACT KITCHENS LIMITED - Company Information

Print Friendly Version

Registered Number 05603605

PHOENIX CONTRACT KITCHENS LIMITED

Abbreviated Accounts

31 December 2015

PHOENIX CONTRACT KITCHENS LIMITED Registered Number 05603605

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 5,360 10,720
Tangible assets 3 19,313 24,160
24,673 34,880
Current assets
Stocks 3,450 3,195
Debtors 12,654 19,237
Cash at bank and in hand 21,664 26,985
37,768 49,417
Creditors: amounts falling due within one year (36,455) (45,144)
Net current assets (liabilities) 1,313 4,273
Total assets less current liabilities 25,986 39,153
Total net assets (liabilities) 25,986 39,153
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 24,986 38,153
Shareholders' funds 25,986 39,153
  • For the year ending 31 December 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 19 May 2016

And signed on their behalf by:
Mr P Broadhead, Director

PHOENIX CONTRACT KITCHENS LIMITED Registered Number 05603605

Notes to the Abbreviated Accounts for the period ended 31 December 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 represents net invoiced sale of goods, excluding VAT

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows
Computer equipment 33% on reducing balance
Fixtures & fittings 25% on reducing balance
Motor vehicles 25% on reducing balance

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.

Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making allowance for slow moving and obsolete items.

2Intangible fixed assets
£
Cost
At 1 January 2015 26,800
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 26,800
Amortisation
At 1 January 2015 16,080
Charge for the year 5,360
On disposals -
At 31 December 2015 21,440
Net book values
At 31 December 2015 5,360
At 31 December 2014 10,720
3Tangible fixed assets
£
Cost
At 1 January 2015 51,276
Additions 1,793
Disposals -
Revaluations -
Transfers -
At 31 December 2015 53,069
Depreciation
At 1 January 2015 27,116
Charge for the year 6,640
On disposals -
At 31 December 2015 33,756
Net book values
At 31 December 2015 19,313
At 31 December 2014 24,160