Shores Community Diner Limited - Accounts to registrar - small 17.2

Shores Community Diner Limited - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 06459499 (England and Wales)

















Shores Community Diner Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017






Shores Community Diner Limited (Registered number: 06459499)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shores Community Diner Limited

COMPANY INFORMATION
for the Year Ended 31 March 2017







DIRECTORS: Mrs J Sturt
Mrs C Laycock
Mrs L Healing
Mrs A Illingworth





SECRETARY: Mrs J Nendick





REGISTERED OFFICE: 29 - 31 Seaside Road
Withernsea
East Yorkshire
HU19 2DL





REGISTERED NUMBER: 06459499 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
Owthorne Manor
2 Hubert Street
Withernsea
East Yorkshire
HU19 2AT

Shores Community Diner Limited (Registered number: 06459499)

BALANCE SHEET
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,357 1,809

CURRENT ASSETS
Stocks 5 1,500 1,200
Debtors 6 6,354 5,738
Cash at bank and in hand 3,885 5,592
11,739 12,530
CREDITORS
Amounts falling due within one year 7 96,355 87,946
NET CURRENT LIABILITIES (84,616 ) (75,416 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(83,259

)

(73,607

)

RESERVES
Income and expenditure account (83,259 ) (73,607 )
(83,259 ) (73,607 )

Shores Community Diner Limited (Registered number: 06459499)

BALANCE SHEET - continued
31 March 2017


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 surplus or deficit 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 16 October 2017 and were signed on its behalf by:





Mrs J Brooks - Director


Shores Community Diner Limited (Registered number: 06459499)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Shores Community Diner Limited is a private company, limited by guarantee , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 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
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

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.

Shores Community Diner Limited (Registered number: 06459499)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2016
and 31 March 2017 3,929
DEPRECIATION
At 1 April 2016 2,120
Charge for year 452
At 31 March 2017 2,572
NET BOOK VALUE
At 31 March 2017 1,357
At 31 March 2016 1,809

5. STOCKS
2017 2016
£    £   
Stocks 1,500 1,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 25 682
Other debtors 1,847 564
Loan - Shores Homecare Limited 4,000 4,000
Prepayments 482 492
6,354 5,738

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Loan - Southern Holderness Res ource
Centre

71,280

69,393
Trade creditors 23,992 12,101
Accruals 83 1,452
Deferred grant income 1,000 5,000
96,355 87,946

Shores Community Diner Limited (Registered number: 06459499)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017

8. COMPANY LIMITED BY GUARANTEE

The company is Limited by Guarantee. Every member undertakes to contribute an amount not exceeding £10.00
to the company's assets if it should be wound up while he or she is a member or within one year of ceasing to be
a member.

9. GOING CONCERN

At the balance sheet date the company had a balance sheet deficit of £83,259. The ability of the company to
continue as a going concern is dependent on the continued support of the Southern Holderness Resource Centre.
There is no indication that this support will not continue in the future.