EAT_SUPER_LIMITED - Accounts

EAT SUPER LIMITED - Company Information

Print Friendly Version

Company Registration No. SC314664 (Scotland)

EAT SUPER LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

EAT SUPER LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EAT SUPER LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,265

2,245

Investments

1,000

2,265

3,245

Current assets

Stocks

14,500

Debtors

2,761

22,837

Cash at bank and in hand

40,003

23,485

42,764

60,822

Creditors: amounts falling due within one year

(41,752)

(47,354)

Net current assets

1,012

13,468

Total assets less current liabilities

3,277

16,713

Capital and reserves

Called up share capital

1,000

Profit and loss account

2,277

15,713

Shareholders' funds

3,277

16,713

For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have 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 20 July 2016

Mr F Doherty

Director

Company Registration No. SC314664

EAT SUPER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 2 -

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 January 2015).

1.2

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).

1.3

Turnover

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

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:

Fixtures, fittings & equipment

25% SL

Motor vehicles

25% RB

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date.

A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits against which to recover carried forward tax losses and from which the future reversal of underlying timing differences can be deducted.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

EAT SUPER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 February 2015

12,523

1,000

13,523

Additions

922

At 31 January 2016

13,445

1,000

14,445

Depreciation

At 1 February 2015

10,278

Charge for the year

902

1,000

1,902

At 31 January 2016

11,180

1,000

12,180

Net book value

At 31 January 2016

2,265

At 31 January 2015

2,245

1,000

3,245

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

Transactions with directors

Included in other creditors is an amount of £27,917 (2015: £35,667) due to Mr F Doherty, director of the company. There are no fixed terms for repayment and interest is due.