Mr Shakes Milkshake Bar Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07443970 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2015

for

Mr Shakes Milkshake Bar Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Thakkar

REGISTERED OFFICE:

25 Parkside Way

North Harrow

Middlesex

HA2 6DE

REGISTERED NUMBER:

07443970 (England and Wales)

ACCOUNTANTS:

K Khiroya, AFA

LMK Accounting Ltd

67 Southfield Avenue

Watford

Hertfordshire

WD24 7DX

FIXED ASSETS

Tangible assets

2

47,470

51,697

CURRENT ASSETS

Debtors

4,790

5,656

Cash at bank and in hand

6,441

1,786

11,231

7,442

CREDITORS

Amounts falling due within one year

132,739

118,840

NET CURRENT LIABILITIES

(121,508

)

(111,398

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,038

)

(59,701

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(74,138

)

(59,801

)

SHAREHOLDERS' FUNDS

(74,038

)

(59,701

)

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

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

The director acknowledges his 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 31 August 2016 and were signed by:

A Thakkar - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. In deciding that it is appropriate to

prepare the financial statements on this basis, the company has received assurance of continued support from the

director.

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.

Turnover represents amounts received or receivable for goods provided in the normal course of business, net of

VAT. Turnover is recognised at the point of delivery of goods to retail customers.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

10% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

73,850

Additions

3,508

At 30 November 2015

77,358

DEPRECIATION

At 1 December 2014

22,153

Charge for year

7,735

At 30 November 2015

29,888

NET BOOK VALUE

At 30 November 2015

47,470

At 30 November 2014

51,697

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a loan from the director of £111,670 (2014 - £102,996). The loan is interest free

and repayable on demand.