Abbreviated Company Accounts - BASIL AND THYME LIMITED

Abbreviated Company Accounts - BASIL AND THYME LIMITED

BASIL AND THYME LIMITED - Company Information

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Registered Number 08179736

BASIL AND THYME LIMITED

Abbreviated Accounts

31 May 2014

BASIL AND THYME LIMITED Registered Number 08179736

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 9,900 13,200
Tangible assets 3 165,799 171,828
175,699 185,028
Current assets
Stocks 3,105 3,823
Debtors 26,772 51,530
Cash at bank and in hand 117,523 56,215
147,400 111,568
Creditors: amounts falling due within one year (193,811) (124,360)
Net current assets (liabilities) (46,411) (12,792)
Total assets less current liabilities 129,288 172,236
Total net assets (liabilities) 129,288 172,236
Capital and reserves
Called up share capital 210,000 210,000
Profit and loss account (80,712) (37,764)
Shareholders' funds 129,288 172,236
  • For the year ending 31 May 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 October 2014

And signed on their behalf by:
Parakh Gandhi, Director

BASIL AND THYME LIMITED Registered Number 08179736

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 June 2013 16,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 16,500
Amortisation
At 1 June 2013 3,300
Charge for the year 3,300
On disposals -
At 31 May 2014 6,600
Net book values
At 31 May 2014 9,900
At 31 May 2013 13,200

Franchise fee written off over a five year period from 2013

3Tangible fixed assets
£
Cost
At 1 June 2013 180,870
Additions 1,318
Disposals -
Revaluations -
Transfers -
At 31 May 2014 182,188
Depreciation
At 1 June 2013 9,042
Charge for the year 7,347
On disposals -
At 31 May 2014 16,389
Net book values
At 31 May 2014 165,799
At 31 May 2013 171,828