| SIMPLY THAI CATERING LIMITED |
| Registered number: |
04505379 |
| Balance Sheet |
| as at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
30,408 |
|
|
34,753 |
| Tangible assets |
3 |
|
|
52,616 |
|
|
51,818 |
|
|
|
|
83,024 |
|
|
86,571 |
|
| Current assets |
| Stocks |
|
|
2,400 |
|
|
2,900 |
| Debtors |
4 |
|
5,125 |
|
|
16,933 |
| Cash at bank and in hand |
|
|
7,790 |
|
|
31,329 |
|
|
|
15,315 |
|
|
51,162 |
|
| Creditors: amounts falling due within one year |
5 |
|
(21,155) |
|
|
(35,667) |
|
| Net current (liabilities)/assets |
|
|
|
(5,840) |
|
|
15,495 |
|
| Net assets |
|
|
|
77,184 |
|
|
102,066 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
77,183 |
|
|
102,065 |
|
| Shareholders' funds |
|
|
|
77,184 |
|
|
102,066 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ms S Weerapan |
| Director |
| Approved by the board on 7 December 2017 |
|
| SIMPLY THAI CATERING LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
Goodwill |
5% |
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Equipment |
25% |
|
|
|
|
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Operating lease agreements |
|
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2016 |
86,893 |
|
At 31 March 2017 |
86,893 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2016 |
52,140 |
|
Provided during the year |
4,345 |
|
At 31 March 2017 |
56,485 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
30,408 |
|
At 31 March 2016 |
34,753 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Freehold & Leasehold Property |
|
Equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2016 |
23,148 |
|
132,703 |
|
155,851 |
|
Additions |
- |
|
10,621 |
|
10,621 |
|
At 31 March 2017 |
23,148 |
|
143,324 |
|
166,472 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2016 |
- |
|
104,033 |
|
104,033 |
|
Charge for the year |
- |
|
9,823 |
|
9,823 |
|
At 31 March 2017 |
- |
|
113,856 |
|
113,856 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
23,148 |
|
29,468 |
|
52,616 |
|
At 31 March 2016 |
23,148 |
|
28,670 |
|
51,818 |
|
|
| 4 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Prepayments and accrued income |
|
|
|
|
5,125 |
|
5,000 |
|
VAT recoverable |
|
|
|
|
- |
|
11,933 |
|
|
|
|
|
|
5,125 |
|
16,933 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans and overdrafts |
10,000 |
|
- |
|
Corporation tax |
2,564 |
|
2,454 |
|
Other taxes and social security costs |
3,448 |
|
- |
|
Accruals and deferred income |
4,900 |
|
29,372 |
|
Directors current accounts |
243 |
|
3,841 |
|
|
|
|
|
|
21,155 |
|
35,667 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
The company was under the control of Ms Weerapan throughout the current and previous year. Ms Weerapan is the sole shareholder.
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for smaller entities. |
|
|
| 7 |
Other information |
|
|
SIMPLY THAI CATERING LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
9 Station Parade |
|
Uxbridge Road |
|
Ealing Common |
|
London |
|
W5 3LD |
