Shores Community Diner Limited - Abbreviated accounts 16.3

Shores Community Diner Limited - Abbreviated accounts 16.3

SHORES COMMUNITY DINER LIMITED - Company Information

Print Friendly Version

06459499 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure064594992015-03-31064594992016-03-31064594992015-04-012016-03-31064594992014-03-31064594992014-04-012015-03-31064594992015-03-3106459499ns12:England2015-04-012016-03-3106459499ns14:PoundSterling2015-04-012016-03-3106459499ns7:Director12015-04-012016-03-3106459499ns5:FixturesFittings2015-04-012016-03-31
REGISTERED NUMBER: 06459499 (England and Wales)

















SHORES COMMUNITY DINER LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016





Southgates
Chartered Certified Accountants
Owthorne Manor
2 Hubert Street
Withernsea
East Yorkshire
HU19 2AT








SHORES COMMUNITY DINER LIMITED (REGISTERED NUMBER: 06459499)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

SHORES COMMUNITY DINER LIMITED (REGISTERED NUMBER: 06459499)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,809 1,293

CURRENT ASSETS
Stocks 1,200 1,000
Debtors 5,738 7,023
Cash at bank and in hand 5,592 10,942
12,530 18,965
CREDITORS
Amounts falling due within one year 87,946 76,461
NET CURRENT LIABILITIES (75,416 ) (57,496 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(73,607
)
(56,203
)

RESERVES
Income and expenditure account (73,607 ) (56,203 )
(73,607 ) (56,203 )

The notes form part of these abbreviated accounts

Page 1
SHORES COMMUNITY DINER LIMITED (REGISTERED NUMBER: 06459499)

ABBREVIATED BALANCE SHEET - continued
31 March 2016


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 8 December 2016 and were signed on its behalf
by:





Mrs J Brooks - Director


The notes form part of these abbreviated accounts

Page 2
SHORES COMMUNITY DINER LIMITED (REGISTERED NUMBER: 06459499)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2016

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.

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

Fixtures and fittings - 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 where transactions or events have occurred at that date that will result in an obligation to pay more, or
a right to pay less or to receive more, tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis
over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that
evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 2,810
Additions 1,119
At 31 March 2016 3,929
DEPRECIATION
At 1 April 2015 1,517
Charge for year 603
At 31 March 2016 2,120
NET BOOK VALUE
At 31 March 2016 1,809
At 31 March 2015 1,293

Page 3
SHORES COMMUNITY DINER LIMITED (REGISTERED NUMBER: 06459499)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 March 2016

3. COMPANY LIMITED BY GUARANTEE

The company is Limited by Guarantee. Every member undertakes to contribute an amount not exceeding £10.00
to the company's assets if it should be wound up while he or she is a member or within one year of ceasing to be
a member.

4. GOING CONCERN

At the balance sheet date the company had a balance sheet deficit of £73,607. The ability of the company to
continue as a going concern is dependent on the continued support of the Southern Holderness Resource Centre.
There is no indication that this support will not continue in the future.

Page 4