Priory Cafe Limited - Abbreviated accounts 16.3

Priory Cafe Limited - Abbreviated accounts 16.3

PRIORY CAFE LIMITED - Company Information

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REGISTERED NUMBER: 09459224 (England and Wales)











ABBREVIATED ACCOUNTS

FOR THE PERIOD

26 FEBRUARY 2015 TO 29 FEBRUARY 2016

FOR

PRIORY CAFE LIMITED

PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 26 FEBRUARY 2015 TO 29 FEBRUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PRIORY CAFE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 26 FEBRUARY 2015 TO 29 FEBRUARY 2016







DIRECTOR: R Mason





REGISTERED OFFICE: Brunswick House
Birmingham Road
Redditch
Worcestershire
B97 6DY





REGISTERED NUMBER: 09459224 (England and Wales)





ACCOUNTANTS: Burman & Co
Brunswick House
Birmingham Road
Redditch
Worcestershire
B97 6DY
Page 1
PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)

ABBREVIATED BALANCE SHEET
29 FEBRUARY 2016

Notes £    £   
FIXED ASSETS
Intangible assets 2 29,480
Tangible assets 3 4,187
33,667

CURRENT ASSETS
Cash at bank and in hand 5,047

CREDITORS
Amounts falling due within one year 42,820
NET CURRENT LIABILITIES (37,773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(4,106
)

CAPITAL AND RESERVES
Called up share capital 4 100
Profit & loss account (4,206 )
SHAREHOLDERS' FUNDS (4,106 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The notes form part of these abbreviated accounts

Page 2 continued...
PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)

ABBREVIATED BALANCE SHEET - continued
29 FEBRUARY 2016



The financial statements were approved by the director on 23 November 2016 and were signed by:





R Mason - Director


The notes form part of these abbreviated accounts

Page 3
PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 26 FEBRUARY 2015 TO 29 FEBRUARY 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis in anticipation of continued
support from the company's shareholder.

Accounting convention
The financial statements 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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

Kitchen equipment, fixtures & fittings - 33% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 36,850
At 29 February 2016 36,850
AMORTISATION
Amortisation for period 7,370
At 29 February 2016 7,370
NET BOOK VALUE

At 29 February 2016 29,480

Page 4 continued...
PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 26 FEBRUARY 2015 TO 29 FEBRUARY 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 6,250
At 29 February 2016 6,250
DEPRECIATION
Charge for period 2,063
At 29 February 2016 2,063
NET BOOK VALUE
At 29 February 2016 4,187

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

Page 5