Bobby's Indian Vegetarian Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06491317 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

BOBBY'S INDIAN VEGETARIAN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D B Lakhani

B A Lakhani

Mrs E D Lakhani

SECRETARY:

Mrs E D Lakhani

REGISTERED OFFICE:

154 -156 Belgrave Road

Leicester

LE4 5AT

REGISTERED NUMBER:

06491317 (England and Wales)

ACCOUNTANTS:

1A Accountancy

Chartered Certified Accountants

27 High View Close

Hamilton Office Park

Leicester

LE4 9LJ

FIXED ASSETS

Intangible assets

2

44,167

54,167

Tangible assets

3

32,022

19,547

76,189

73,714

CURRENT ASSETS

Stocks

3,796

2,672

Cash at bank and in hand

1,499

1,390

5,295

4,062

CREDITORS

Amounts falling due within one year

36,543

50,282

NET CURRENT LIABILITIES

(31,248

)

(46,220

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,941

27,494

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

44,841

27,394

SHAREHOLDERS' FUNDS

44,941

27,494

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements were approved by the Board of Directors on 28 November 2016 and were signed on its behalf
by:

D B Lakhani - Director

1.	ACCOUNTING POLICIES

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 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

100,000

AMORTISATION

At 1 March 2015

45,833

Amortisation for year

10,000

At 29 February 2016

55,833

NET BOOK VALUE

At 29 February 2016

44,167

At 28 February 2015

54,167

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

50,935

Additions

23,149

At 29 February 2016

74,084

DEPRECIATION

At 1 March 2015

31,388

Charge for year

10,674

At 29 February 2016

42,062

NET BOOK VALUE

At 29 February 2016

32,022

At 28 February 2015

19,547

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100