On The Menu Ltd Accounts






On The Menu Ltd
	Company No. 07356195
		Abbreviated Accounts
		31 December 2015

at	31 December 2015

Company No.		07356195	Notes	2015	2014
				£	£
Fixed assets
	Intangible assets		2	-	337
	Tangible assets		2	3,973	1,526

				3,973	1,863
Current assets
	Stocks			4,613	14,789
	Debtors			16,329	21,665

	Cash at bank and in hand			15	12,811
				20,957	49,265
Creditors: Amounts falling due within one year				(83,462)	(95,930)
Net current liabilities				(62,505)	(46,665)
Total assets less current liabilities				(58,532)	(44,802)
Creditors: Amounts falling due after more than one year				(4,000)	(4,000)



Net liabilities				(62,532)	(48,802)

Capital and reserves
	Called up share capital		3	25	25
	Share premium account			429,702	429,702

	Capital redemption reserve			11,287	-
	Profit and loss account			(503,546)	(478,529)

Shareholder's funds				(62,532)	(48,802)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 30 September 2016

And signed on its behalf by:

E. Jones
Director
30 September 2016

for the year ended 31 December 2015

Accounting policies

Basis of preparation

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

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

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

Plant and machinery

33% Reducing balance

Furniture, fittings and equipment

33% Reducing balance

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks and research and development costs) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an assets may not be fully recoverable.

Stocks

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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2	Fixed assets
		Intangible fixed assets	Tangible fixed assets	Total
		£	£	£
	Cost or revaluation
	At 1 January 2015	447	5,312	5,759
	Additions	-	4,434	4,434



	At 31 December 2015	447	9,746	10,193
	Amortisation
	At 1 January 2015	110	3,786	3,896
	Charge for the year	337	1,987	2,324



	At 31 December 2015	447	5,773	6,220
	Net book values
	At 31 December 2015	-	3,973	3,973
	At 31 December 2014	337	1,526	1,863

3	Share Capital
		Nominal value	2015	2015	2014
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	0.0001	246,800	25	25




				25	25