STRUDEL_LIMITED - Accounts

STRUDEL LIMITED - Company Information

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Company Registration No. 06845333 (England and Wales)

STRUDEL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

STRUDEL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

STRUDEL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

206,500

221,250

Tangible assets

156,853

172,070

363,353

393,320

Current assets

Stocks

7,000

7,024

Debtors

5,375

15,218

Cash at bank and in hand

20,500

1,519

32,875

23,761

Creditors: amounts falling due within one year

(79,948)

(91,162)

Net current liabilities

(47,073)

(67,401)

Total assets less current liabilities

316,280

325,919

Creditors: amounts falling due after more than one year

(596)

(206)

Provisions for liabilities

(2,429)

315,684

323,284

Capital and reserves

Called up share capital

100

Share premium account

149,970

Profit and loss account

165,614

173,214

Shareholders' funds

315,684

323,284

STRUDEL LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2016

- 2 -

For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 July 2017

S Rimmer

Director

Company Registration No. 06845333

STRUDEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual installments over its estimated useful economic life, as follows:

Goodwill Over 20 Years

1.5

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Property improvements

5% Straight Line

Leasehold property

5% Straight Line

Equipment

15% Reducing Balance

Fixtures and fittings

15% Reducing Balance

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

STRUDEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 November 2015 & at 31 October 2016

295,000

321,888

616,888

Depreciation

At 1 November 2015

73,750

149,818

223,568

Charge for the year

14,750

15,217

29,967

At 31 October 2016

88,500

165,035

253,535

Net book value

At 31 October 2016

206,500

156,853

363,353

At 31 October 2015

221,250

172,070

393,320

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary A of £1 each

100

Transactions with directors

Included within other creditors is an directors loan account for S Connolly amounting to £396 (2015 - £14,665 DR)

Included within other creditors is a directors loan account for S Rimmer amounting to £200 (2015 - £206).

The loans bear no right to interest and have no set repayment terms.