Red Hen Cookery Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07182965 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2017

for

Red Hen Cookery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

A D Sanderson

Mrs I N Sanderson

Secretary:

Registered office:

18/22 Church Street

Malvern

Worcestershire

WR14 2AY

Registered number:

07182965 (England and Wales)

Accountants:

Allan Brown ( A& T Services Ltd)

18/22

Church Street

Malvern

Worcestershire

WR14 2AY

Fixed assets

Intangible assets

4

6,000

8,000

Tangible assets

5

25,253

29,523

31,253

37,523

Current assets

Stocks

500

500

Debtors

6

19,985

23,017

Cash at bank

7,140

18,977

27,625

42,494

Creditors

Amounts falling due within one year

7

58,716

59,042

Net current liabilities

(31,091

)

(16,548

)

Total assets less current liabilities

162

20,975

Creditors

Amounts falling due after more than one year

8

(11,423

)

(16,531

)

Provisions for liabilities

(484

)

(1,256

)

Net (liabilities)/assets

(11,745

)

3,188

Capital and reserves

Called up share capital

100

100

Retained earnings

(11,845

)

3,088

Shareholders' funds

(11,745

)

3,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 September 2017 and were signed on its behalf by:

A D Sanderson - Director

1.	STATUTORY INFORMATION

Red Hen Cookery Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts receivable for goods and services.

Services for the cookery school are recognised when the services are performed and completed.

Turnover for the goods supplied are recognised when the goods are delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

10,000

AMORTISATION

At 1 April 2016

2,000

Charge for year

2,000

At 31 March 2017

4,000

NET BOOK VALUE

At 31 March 2017

6,000

At 31 March 2016

8,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

79,600

Additions

4,208

At 31 March 2017

83,808

DEPRECIATION

At 1 April 2016

50,077

Charge for year

8,478

At 31 March 2017

58,555

NET BOOK VALUE

At 31 March 2017

25,253

At 31 March 2016

29,523

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

5,495

DEPRECIATION

At 1 April 2016

1,374

Charge for year

1,030

At 31 March 2017

2,404

NET BOOK VALUE

At 31 March 2017

3,091

At 31 March 2016

4,121

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

17,734

23,017

Other debtors

2,251

-

19,985

23,017

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

1,441

905

Trade creditors

2,858

3,210

Taxation and social security

7,387

8,604

Other creditors

47,030

46,323

58,716

59,042

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

253

770

Other creditors

11,170

15,761

11,423

16,531

9.	OTHER FINANCIAL COMMITMENTS

At the year end the company had total financial commitments for the purchase of a motor vehicle and

plant totalling £11417 over the term of the leases.