Ruby's Food & Wine Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04197835 (England and Wales)

Abbreviated Accounts for the Year Ended 30 April 2016

for

RUBY'S FOOD & WINE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Mr S Jegatheesan

Mrs S Jegatheesan

REGISTERED OFFICE:

52 High Street

Southall

Middlesex

UB1 3DB

REGISTERED NUMBER:

04197835 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Intangible assets

2

100,000

Tangible assets

3

7,119

8,898

107,119

108,898

CURRENT ASSETS

Stocks

22,350

21,600

Prepayments and accrued income

2,315

Cash in hand

2,225

-

26,890

23,915

CREDITORS

Amounts falling due within one year

107,002

122,028

NET CURRENT LIABILITIES

(80,112

)

(98,113

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,007

10,785

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

26,907

10,685

SHAREHOLDERS' FUNDS

27,007

10,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 Board of Directors on 19 January 2017 and were signed on its behalf by:

Mr S Jegatheesan - 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 0, is being amortised evenly over its estimated useful life of nil years.

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

-

20% on reducing balance

Motor vehicles

-

20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

100,000

NET BOOK VALUE

At 30 April 2016

100,000

At 30 April 2015

100,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

38,787

DEPRECIATION

At 1 May 2015

29,889

Charge for year

1,779

At 30 April 2016

31,668

NET BOOK VALUE

At 30 April 2016

7,119

At 30 April 2015

8,898

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

100