Route 16 Trading Limited - Period Ending 2014-01-31
Route 16 Trading Limited - Period Ending 2014-01-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Route 16 Trading Limited
Contents
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Route 16 Trading Limited
(Registration number: 03499196)
Abbreviated Balance Sheet at 31 January 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
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Mr I C Gay
Director
1
Route 16 Trading Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2014
......... continued
Accounting policies |
Basis of preparation
Going concern
Last year the company ceased to operate in the motor vehicle trade. Development of the freehold building begun towards the end of that financial year and completed during this finacial year to turn the property into a diner. The large deficit on the balance sheet is primarily made up of directors loans which are not intending to be called upon. For this reason the directors consider it appropriate to prepare the accounts on a going concern basis.
Turnover
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 |
Land and Buildings |
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Plant and Machinery |
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Deferred tax
Route 16 Trading Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2014
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 February 2013 |
221,476 |
221,476 |
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Additions |
245,063 |
245,063 |
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At 31 January 2014 |
466,539 |
466,539 |
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Depreciation |
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At 1 February 2013 |
32,045 |
32,045 |
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Charge for the year |
17,537 |
17,537 |
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At 31 January 2014 |
49,582 |
49,582 |
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Net book value |
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At 31 January 2014 |
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At 31 January 2013 |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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