Vintage Restaurant Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04667653

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

VINTAGE RESTAURANT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B Patel

SECRETARY:

Mrs S B Patel

REGISTERED OFFICE:

204 Field End Road

Pinner

Middlesex

HA5 1RD

REGISTERED NUMBER:

04667653

ACCOUNTANTS:

Jon Avol - Waterfords

204 Field End Road

Eastcote

Pinner

Middlesex

HA5 1RD

FIXED ASSETS

Intangible assets

2

87,500

100,000

Tangible assets

3

48,247

46,697

135,747

146,697

CURRENT ASSETS

Stocks

2,089

3,760

Debtors

658

703

Cash at bank and in hand

81,398

48,206

84,145

52,669

CREDITORS

Amounts falling due within one year

(212,993

)

(197,753

)

NET CURRENT LIABILITIES

(128,848

)

(145,084

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,899

1,613

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

6,799

1,513

SHAREHOLDERS' FUNDS

6,899

1,613

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

B Patel - 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 2004, is being amortised evenly over its estimated useful life of twenty 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 etc

-

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

250,000

AMORTISATION

At 1 March 2015

150,000

Amortisation for year

12,500

At 29 February 2016

162,500

NET BOOK VALUE

At 29 February 2016

87,500

At 28 February 2015

100,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

159,041

Additions

7,980

At 29 February 2016

167,021

DEPRECIATION

At 1 March 2015

112,344

Charge for year

6,430

At 29 February 2016

118,774

NET BOOK VALUE

At 29 February 2016

48,247

At 28 February 2015

46,697

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

£

100

Ordinary shares

£1

100

100