Accounts filed on 31-12-2015

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			Company registration number:04998505
			SOUTHERN GRILLE & GATE LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 December 2015

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SOUTHERN GRILLE & GATE LIMITED
BALANCE SHEET
AS AT 31 December 2015
			2015				2014
		Notes	£		£		£		£
FIXED ASSETS
Investments					50,000				145,000
Intangible assets		2			115,470				144,737
Tangible assets		3			135,555				112,569
					301,025				402,306
CURRENT ASSETS
Stocks			150,965				150,965
Debtors			575,016				540,963
Cash at bank and in hand			13,839				2,340
			739,820				694,268
CREDITORS
Amounts falling due within one year			(473,436)				(546,239)
NET CURRENT ASSETS					266,384				148,029
TOTAL ASSETS LESS
CURRENT LIABILITIES					567,409				550,335
Creditors falling due after one year					(174,614)				(262,248)
PROVISIONS FOR LIABILITIES					(706)				(6,154)
NET ASSETS					392,089				281,933
CAPITAL AND RESERVES
Called-up equity share capital		4			100				100
Profit and loss account					391,989				281,833
SHAREHOLDERS FUNDS					392,089				281,933
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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Approved by the board of directors on 13 July 2016 and signed on its behalf.
..........................................................................
A Nurse
13 July 2016
The annexed notes form part of these financial statements.

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SOUTHERN GRILLE & GATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Statement of cashflow

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life of twenty years. Businesses were purchased in 2004 and 2007.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and Machinery - 20% per annum of cost

Fixtures and Fittings - 20 - 33% per annum of cost

Motor Vehicles - 20% per annum of cost

Short term lease - 5% per annum of lease

Stocks and work In progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Deferred taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Pension scheme

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

2.	Intangible fixed assets
				Total
	Cost
	At start of period			288,000
	At end of period			288,000
	Amortisation
	At start of period			143,263
	Provided during the period			29,267
	At end of period			172,530
	Net Book Values
	At start of period			144,737
	At end of period			115,470

3.	Tangible fixed assets
				Total
	Cost
	At start of period			723,230
	Additions			86,998
	Disposals			(36,095)
	At end of period			774,133
	Depreciation
	At start of period			610,661
	Provided during the period			51,750
	On disposals			(23,833)
	At end of period			638,578
	Net Book Value
	At start of period			112,569
	At end of period			135,555

4.	Share capital				Allotted, issued and fully paid
					2015	2014
					£	£
	Ordinary 'A' shares of £1 each				90	90
	Ordinary 'B' shares of £1 each				10	10
	Total issued share capital				100	100
5.	Transactions with directors
	At 31 December 2015, the company owed £88,971 to the directors, £62,028 to A Nurse and £27,943 to S Hudson. This has been disclosed within creditors due within one year.
6.	Ultimate controlling party
	The ultimate controlling party are Mr A Nurse & Mr S Hudson as directors and shareholders of the company.