FIREBIRD_RESTAURANT_LIMIT - Accounts

FIREBIRD RESTAURANT LIMITED - Company Information

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Company Registration No. SC369809 (Scotland)

FIREBIRD RESTAURANT LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

FIREBIRD RESTAURANT LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

FIREBIRD RESTAURANT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

31,215

33,298

Tangible assets

9,000

8,745

40,215

42,043

Current assets

Debtors

5,412

Cash at bank and in hand

8,368

1,058

8,368

6,470

Creditors: amounts falling due within one year

(33,320)

(32,662)

Net current liabilities

(24,952)

(26,192)

Total assets less current liabilities

15,263

15,851

Provisions for liabilities

(1,800)

(1,749)

13,463

14,102

Capital and reserves

Called up share capital

100

Profit and loss account

13,363

14,002

Shareholders' funds

13,463

14,102

FIREBIRD RESTAURANT LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JANUARY 2014

- 2 -

For the financial year ended 31 January 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 October 2014

D Sutherland

Director

Company Registration No. SC369809

FIREBIRD RESTAURANT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 19 years.

1.4

Tangible fixed assets and depreciation

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:

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.5

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 February 2013

39,581

15,399

54,980

Additions

2,500

At 31 January 2014

39,581

17,899

57,480

Depreciation

At 1 February 2013

6,283

6,654

12,937

Charge for the year

2,083

2,245

4,328

At 31 January 2014

8,366

8,899

17,265

Net book value

At 31 January 2014

31,215

9,000

40,215

At 31 January 2013

33,298

8,745

42,043

FIREBIRD RESTAURANT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Related party relationships and transactions

Other transactions

At 31 January 2014 the company was owed £nil (2013: £5,412) by the director.