2015-09-01
true
false
Private Limited Company
08617188
2016-08-31
08617188
2015-09-01
2016-08-31
08617188
2015-08-31
08617188
2014-09-01
2015-08-31
08617188
uk-bus:Director1
2015-09-01
2016-08-31
08617188
uk-gaap:FixturesFittings
2015-09-01
2016-08-31
08617188
uk-bus:OrdinaryShareClass1
2016-08-31
iso4217:GBP
For the year ended 31 August 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08617188
2
| Abbreviated Balance Sheet |
Ollies Restaurant Ltd
2016
2015
2
3,956
5,956
3
742
791
4,698
6,747
5,975
4,495
7,445
7,674
32,667
35,720
44,836
49,140
| Creditors: amounts falling due within one year |
(55,021)
(48,702)
(5,881)
(3,866)
Net current liabilities
| Total assets less current liabilities |
832
866
(148)
(158)
| Provisions for liabilities |
684
Net assets
708
1
4
1
683
707
684
708
Shareholders funds
| For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director 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 director acknowledges her 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: 23 March 2017 |
| Mrs Natasha Boulter Director |
| Signed on behalf of the board of directors |
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3
| Notes to the Abbreviated Financial Statements |
Ollies Restaurant Ltd
For the year ended 31 August 2016
| 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated |
| expected useful economic life of the goodwill of 5 years. |
| 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: |
Fixtures and Fittings
| 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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4
| Notes to the Abbreviated Financial Statements |
Ollies Restaurant Ltd
For the year ended 31 August 2016
| 2 Intangible fixed assets |
10,000
10,000
4,044
2,000
Charge for year
6,044
3,956
5,956
1,416
199
1,615
625
248
Charge for year
873
742
791
| Allotted called up and fully paid |
2016
2015
| 1 Ordinary share of £1.00 each |
1
1
1
1
3 of 3
