Company Registration No. SC369809 (Scotland)
FIREBIRD RESTAURANT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
FIREBIRD RESTAURANT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FIREBIRD RESTAURANT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
27,048
29,132
Tangible assets
2
15,333
6,750
42,381
35,882
Current assets
Debtors
253
264
Cash at bank and in hand
7,668
11,209
7,921
11,473
Creditors: amounts falling due within one year
(26,277)
(25,402)
Net current liabilities
(18,356)
(13,929)
Total assets less current liabilities
24,025
21,953
Provisions for liabilities
(2,760)
(1,350)
21,265
20,603
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
21,165
20,503
Shareholders' funds
21,265
20,603
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 22 August 2016
Mr D Sutherland
Director
Company Registration No. SC369809
FIREBIRD RESTAURANT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 2 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 19 years. of 19 years.
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:
Computer equipment
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
1.5
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 February 2015
39,581
17,899
57,480
Additions
-
10,335
10,335
At 31 January 2016
39,581
28,234
67,815
Depreciation
At 1 February 2015
10,450
11,149
21,599
Charge for the year
2,083
1,752
3,835
At 31 January 2016
12,533
12,901
25,434
Net book value
At 31 January 2016
27,048
15,333
42,381
At 31 January 2015
29,132
6,750
35,882
FIREBIRD RESTAURANT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
2016-01-312015-02-01falsetruetruetruetruetruetmp50D8.html2016-10-07SC3698092015-02-012016-01-31SC3698092016-01-31SC3698092015-01-31SC3698092015-01-31SC369809uk-bus:Director12015-02-012016-01-31SC369809uk-gaap:ComputerEquipment2015-02-012016-01-31SC369809uk-gaap:FixturesFittingsToolsEquipment2015-02-012016-01-31SC369809uk-bus:OrdinaryShareClass12015-02-012016-01-31SC369809uk-bus:OrdinaryShareClass12016-01-31SC369809uk-bus:OrdinaryShareClass12015-01-31xbrli:purexbrli:sharesiso4217:GBP
