Hong Kong Chinese Restaurant (Seaton) Lt - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 04570585 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

HONG KONG CHINESE RESTAURANT (SEATON)

LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J J Hong

REGISTERED OFFICE:

68 Harbour Road

Seaton

Devon

EX12 2NQ

REGISTERED NUMBER:

04570585 (England and Wales)

ACCOUNTANTS:

H M Williams Chartered Certified Accountants

Valley House

53 Valley Road

Plympton

Plymouth

Devon

PL7 1RF

FIXED ASSETS

Intangible assets

4

15,625

27,724

Tangible assets

5

5,429

7,527

21,054

35,251

CURRENT ASSETS

Stocks

3,500

6,092

Debtors: amounts falling due within one year

6

2,612

5,019

Cash at bank and in hand

28,605

10,827

34,717

21,938

CREDITORS

Amounts falling due within one year

7

42,343

37,069

NET CURRENT LIABILITIES

(7,626

)

(15,131

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,428

20,120

CAPITAL AND RESERVES

Called up share capital

220

220

Retained earnings

13,208

19,900

13,428

20,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 October 2016 and were signed by:

J J Hong - Director

1.	STATUTORY INFORMATION

Hong Kong Chinese Restaurant (Seaton) Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Stocks

Stocks 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 in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2015

61,999

Disposals

(9,599

)

At 31 August 2016

52,400

AMORTISATION

At 1 September 2015

34,275

Charge for year

2,500

At 31 August 2016

36,775

NET BOOK VALUE

At 31 August 2016

15,625

At 31 August 2015

27,724

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2015

1,900

11,617

13,517

Disposals

(1,900

)

-

(1,900

)

At 31 August 2016

-

11,617

11,617

DEPRECIATION

At 1 September 2015

760

5,230

5,990

Charge for year

-

958

958

Eliminated on disposal

(760

)

-

(760

)

At 31 August 2016

-

6,188

6,188

NET BOOK VALUE

At 31 August 2016

-

5,429

5,429

At 31 August 2015

1,140

6,387

7,527

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

2,612

5,019

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

-

648

Taxation and social security

18,637

14,309

Other creditors

23,706

22,112

42,343

37,069

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 31 August 2016 and

31 August 2015:

2016

2015

£

£

J J Hong

Balance outstanding at start of year

20,517

44,908

Amounts advanced

3,105

-

Amounts repaid

(1,281

)

(24,391

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,341

20,517

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,451 were paid to the director .