TAKE_OUT_BRANDS_WOK_1_LIM - Accounts

TAKEOUT BRANDS WOK1 LIMITED - Company Information

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Company Registration No. 09060703 (England and Wales)

TAKE OUT BRANDS WOK 1 LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

TAKE OUT BRANDS WOK 1 LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TAKE OUT BRANDS WOK 1 LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

33,283

37,500

Tangible assets

105,514

133,320

138,797

170,820

Current assets

Stocks

2,636

2,932

Debtors

33,563

47,108

Cash at bank and in hand

9,778

50,596

45,977

100,636

Creditors: amounts falling due within one year

(34,590)

(37,352)

Net current assets

11,387

63,284

Total assets less current liabilities

150,184

234,104

Creditors: amounts falling due after more than one year

(95,400)

(20,000)

54,784

214,104

Capital and reserves

Called up share capital

267

Share premium account

249,839

Profit and loss account

(195,322)

(36,002)

Shareholders' funds

54,784

214,104

TAKE OUT BRANDS WOK 1 LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 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 30 September 2016

N Beare

Director

Company Registration No. 09060703

TAKE OUT BRANDS WOK 1 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

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 and trade discounts.

1.4

Franchise costs

Franchise costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

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:

Property improvements

5 years straight line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2015

37,500

145,440

182,940

Additions

1,304

At 31 December 2015

37,500

146,744

184,244

Depreciation

At 1 January 2015

12,120

Charge for the year

4,217

29,110

33,327

At 31 December 2015

4,217

41,230

45,447

Net book value

At 31 December 2015

33,283

105,514

138,797

At 31 December 2014

37,500

133,320

170,820

TAKE OUT BRANDS WOK 1 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

26,700 Ordinary shares of 1p each

267