Abbreviated Company Accounts - CONVENIENCE STORES UK (MANCHESTER) LIMITED

CONVENIENCE STORES UK (MANCHESTER) LIMITED - Company Information

07894102 CONVENIENCE STORES UK (MANCHESTER) LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 07894102 2015-03-01 2016-02-29 07894102 2016-02-29 07894102 2015-02-28 07894102 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 07894102 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:Director3 2015-03-01 2016-02-29 uk-gaap-cd-bus:Director3 2016-02-29 uk-gaap-cd-bus:Director3 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 07894102

CONVENIENCE STORES UK (MANCHESTER) LIMITED

Abbreviated Accounts

29 February 2016

CONVENIENCE STORES UK (MANCHESTER) LIMITED Registered Number 07894102

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	202,041	202,041
Tangible assets	3	111,760	115,390
		313,801	317,431
Current assets
Stocks		115,920	99,340
Debtors		133	28,386
Cash at bank and in hand		19,337	8,198
		135,390	135,924
Creditors: amounts falling due within one year		(128,735)	(171,290)
Net current assets (liabilities)		6,655	(35,366)
Total assets less current liabilities		320,456	282,065
Creditors: amounts falling due after more than one year		(291,320)	(268,920)
Total net assets (liabilities)		29,136	13,145
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		29,135	13,144
Shareholders' funds		29,136	13,145

For the year ending 29 February 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 28 November 2016

And signed on their behalf by:
MR MOHANLAL KUVARJI PATEL, Director

CONVENIENCE STORES UK (MANCHESTER) LIMITED Registered Number 07894102

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises invoiced sales net of returns, trade discounts and VAT.

Tangible assets depreciation policy
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 on a reducing balance method as follows:
Fixture and fittings 20%

Intangible assets amortisation policy
NONE

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after allowing for slow-moving and obsolete items.

Other accounting policies
Corporation tax payable is provided for on taxable profits at the current rate.

2Intangible fixed assets

	£
Cost
At 1 March 2015	202,041
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	202,041
Amortisation
At 1 March 2015	-
Charge for the year	-
On disposals	-
At 29 February 2016	-
Net book values
At 29 February 2016	202,041
At 28 February 2015	202,041

3Tangible fixed assets

	£
Cost
At 1 March 2015	138,105
Additions	4,840
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	142,945
Depreciation
At 1 March 2015	22,715
Charge for the year	8,470
On disposals	-
At 29 February 2016	31,185
Net book values
At 29 February 2016	111,760
At 28 February 2015	115,390

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1

5Transactions with directors

Name of director receiving advance or credit:	MR MOHANLAL KUVARJI PATEL
Description of the transaction:	DIRECTOR
Balance at 1 March 2015:	£ 198,920
Advances or credits made:	£ 70,800
Advances or credits repaid:	£ 8,400
Balance at 29 February 2016:	£ 261,320

The ultimate controlling parties are MR MOHANLAL KUVARJI PATEL by virtue of their ownership of 100% each in the ordinary share capital of the company.