R & S Catering (Chudleigh) Limited - Period Ending 2016-09-30

Registration number: 06412411

R & S Catering (Chudleigh) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Stapletons
Chartered Certified Accountants
4 Market Street
Crediton
Devon
EX17 2AJ

R & S Catering (Chudleigh) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

R & S Catering (Chudleigh) Limited
(Registration number: 06412411)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					270,799			274,300
Current assets
Stocks					3,531			2,579
Debtors					1,500			1,500
Cash at bank and in hand					3,895			5,603
					8,926			9,682
Creditors: Amounts falling due within one year					(109,008)			(104,329)
Net current liabilities					(100,082)			(94,647)
Total assets less current liabilities					170,717			179,653
Creditors: Amounts falling due after more than one year					(135,202)			(144,917)
Provisions for liabilities					(2,360)			(2,707)
Net assets					33,155			32,029
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					33,055			31,929
Shareholders' funds					33,155			32,029

For the year ending 30 September 2016 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 accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 2 November 2016 and signed on its behalf by:

Mrs SE Tuckett
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

R & S Catering (Chudleigh) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance basis

Stock

Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

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R & S Catering (Chudleigh) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		308,428			308,428
At 30 September 2016		308,428			308,428
Depreciation
At 1 October 2015		34,128			34,128
Charge for the year		3,501			3,501
At 30 September 2016		37,629			37,629
Net book value
At 30 September 2016		270,799			270,799
At 30 September 2015		274,300			274,300

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4

Control

The company is controlled by the directors who own 50% of the called up share capital respectively.

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