Kerry & Andy Fish Bar Limited - Period Ending 2016-03-31

KERRY & ANDY FISH BAR LIMITED - Company Information

Registration number: 05066310

Kerry & Andy Fish Bar Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

Exactax Limited
Chartered Certified Accountants and Chartered Tax Advisers
Cromwell House
Mill Street
Cannock
Staffs
WS11 0DP

Kerry & Andy Fish Bar Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2 to 3
Notes to the Abbreviated Accounts	4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Kerry & Andy Fish Bar Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kerry & Andy Fish Bar Limited for the year ended 31 March 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Kerry & Andy Fish Bar Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kerry & Andy Fish Bar Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kerry & Andy Fish Bar Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Kerry & Andy Fish Bar Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kerry & Andy Fish Bar Limited. You consider that Kerry & Andy Fish Bar Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Kerry & Andy Fish Bar Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Exactax Limited
Chartered Certified Accountants and Chartered Tax Advisers
Cromwell House
Mill Street
Cannock
Staffs
WS11 0DP

11 November 2016

Page 1

Kerry & Andy Fish Bar Limited

(Registration number: 05066310)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	2	6,840	5,690
Current assets
Stocks		-	2,635
Cash at bank and in hand		6,742	2,731
		6,742	5,366
Creditors: Amounts falling due within one year		(74,702)	(52,349)
Net current liabilities		(67,960)	(46,983)
Total assets less current liabilities		(61,120)	(41,293)
Creditors: Amounts falling due after more than one year		(4,439)	(13,011)
Accruals and deferred income		(1,400)	(1,250)
Net liabilities		(66,959)	(55,554)
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		(66,969)	(55,564)
Shareholders deficit		(66,959)	(55,554)

For the year ending 31 March 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.

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

Kerry & Andy Fish Bar Limited

(Registration number: 05066310)
Abbreviated Balance Sheet as at 31 March 2016 (continued)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 11 November 2016

___________________________
Kyriacos Varnava
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

Kerry & Andy Fish Bar Limited

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	Straight line at 25%

Stock, work in progress and long term contracts

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 4

Kerry & Andy Fish Bar Limited

Notes to the Abbreviated Accounts (continued)

Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 April 2015	93,500	90,640	184,140
Additions	-	3,250	3,250
At 31 March 2016	93,500	93,890	187,390
Depreciation
At 1 April 2015	93,500	84,950	178,450
Charge for the year	-	2,100	2,100
At 31 March 2016	93,500	87,050	180,550
Net book value
At 31 March 2016	-	6,840	6,840
At 31 March 2015	-	5,690	5,690

Page 5

Kerry & Andy Fish Bar Limited

Notes to the Abbreviated Accounts (continued)

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary Shares of £1 each	10	10	10	10

Analysis of net debt

	At 1 April 2015 £	Cash flow £	At 31 March 2016 £
Cash at bank and in hand	2,731	4,011	6,742
Debt due after more than one year	(13,011)	8,572	(4,439)
Net debt	(10,280)	12,583	2,303

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

Page 6