Langtree Pub & Kitchens Limited,Ltd - Accounts

Langtree Pub & Kitchens Limited,Ltd - Accounts

LANGTREE HOLDINGS LTD - Company Information

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2015-08-01 true false Private Limited Company 08872384 2016-07-31 08872384 2015-08-01 2016-07-31 08872384 2015-07-31 08872384 2014-08-01 2015-07-31 08872384 uk-bus:Director1 2015-08-01 2016-07-31 08872384 uk-gaap:PlantMachinery 2015-08-01 2016-07-31 08872384 uk-gaap:ComputerEquipment 2015-08-01 2016-07-31 08872384 uk-gaap:FixturesFittings 2015-08-01 2016-07-31 08872384 uk-gaap:WithinOneYear 2016-07-31 08872384 uk-gaap:WithinOneYear 2015-07-31 08872384 uk-bus:OrdinaryShareClass1 2016-07-31 08872384 uk-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 iso4217:GBP
Langtree Pub & Kitchens Limited
For the year ended 31 July 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08872384
2
Contents Page
Langtree Pub & Kitchens Limited
For the year ended 31 July 2016
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Langtree Pub & Kitchens Limited
As at 31 July 2016
08872384
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
74,281
89,542
74,281
89,542
Current assets
Stocks
11,150
8,400
Debtors
18,294
17,033
Cash at bank and in hand
124,552
112,403
149,985
141,847
Creditors: amounts falling due within one year
3
(92,885)
(78,747)
48,962
71,238
Net current assets
Total assets less current liabilities
145,519
138,504
145,519
Net assets
138,504
Capital and reserves
Called up share capital
856
4
428
Share premium account
149,744
139,872
Profit and loss account
(5,081)
(1,796)
145,519
138,504
Shareholders funds
For the year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 11 April 2017
G Ainsworth Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Langtree Pub & Kitchens Limited
For the year ended 31 July 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Straight line
Computer Equipment
33% Straight line
Fixtures and Fittings
20% Straight line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of
ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over
the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
Notes to the Abbreviated Financial Statements
Langtree Pub & Kitchens Limited
For the year ended 31 July 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
108,029
At 01 August 2015
10,641
Additions
At 31 July 2016
118,670
Depreciation
18,487
At 01 August 2015
25,902
Charge for year
44,389
At 31 July 2016
Net book values
At 31 July 2016
74,281
89,542
At 31 July 2015
2016
3 Creditors: amounts falling due within one year
£
£
2015
-
30,232
Bank loans and overdrafts (secured)
4 Share capital
Authorised
1,000 Ordinary shares of £1.00 each
Allotted called up and fully paid
2016
2015
£
£
856 Ordinary shares of £1.00 each
428
856
856
428
428 Ordinary £1.00 shares have been issued during the year at par for a cash consideration of £10,000.
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