Rosemere Coffee Shop Limited Accounts
Rosemere Coffee Shop Limited Accounts
Rosemere Coffee Shop Limited ABBREVIATED ACCOUNTS COVER |
Company No. 07913994 | |||||||||
Rosemere Coffee Shop Limited ABBREVIATED BALANCE SHEET |
at | |||||||
Company No. | Notes | 2016 | 2015 | ||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Stocks | |||||||
Cash at bank and in hand | |||||||
Creditors: Amounts falling due within one year | ( | ( | |||||
Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: Amounts falling due after more than one year | ( | ( | |||||
- | - | ||||||
Approved by the board on 06 May 2016 | |||||||
And signed on its behalf by: | |||||||
S.J. Thompson | |||||||
Director | |||||||
06 May 2016 |
Rosemere Coffee Shop Limited NOTES TO THE ABBREVIATED ACCOUNTS |
for the year ended 31 March 2016 | ||||||||||||
1 | Accounting policies | |||||||||||
Basis of preparation | ||||||||||||
Turnover | ||||||||||||
Tangible fixed assets and depreciation | ||||||||||||
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: | ||||||||||||
Furniture, fittings and equipment | ||||||||||||
Freehold investment property | ||||||||||||
This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. | ||||||||||||
Intangible fixed assets and amortisation | ||||||||||||
Stocks | ||||||||||||
Deferred taxation | ||||||||||||
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. | ||||||||||||
Research and development | ||||||||||||
Foreign currencies | ||||||||||||
Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction. Exchange differences are are taken into account in arriving at the operating profit. | ||||||||||||
Leased assets | ||||||||||||
Pension costs | ||||||||||||
2 | Company status | |||||||||||
The company is a private company limited by guarantee and consequently does not have share capital. | ||||||||||||
3 | Fixed assets | |||||||||||
Tangible fixed assets | Total | |||||||||||
£ | £ | |||||||||||
Cost or revaluation | ||||||||||||
At 1 April 2015 | 6,731 | |||||||||||
At 31 March 2016 | 6,731 | |||||||||||
Amortisation | ||||||||||||
At 1 April 2015 | 2,467 | |||||||||||
Charge for the year | 640 | |||||||||||
At 31 March 2016 | 3,107 | |||||||||||
Net book values | ||||||||||||
At 31 March 2016 | 3,624 | |||||||||||
At 31 March 2015 | 4,264 | |||||||||||