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08617188
2017-08-31
08617188
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2017-08-31
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2016-08-31
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08617188
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uk-bus:PrivateLimitedCompanyLtd
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2017-08-31
| Registered Number:08617188 |
For the year ended 31 August 2017
England and Wales
Unaudited Financial Statements
2
Ollies Restaurant Ltd
Statement of Financial Position
2016
2017
1,956
3,956
2
| Property, plant and equipment |
916
742
3
2,872
4,698
4,495
3,505
4
| Trade and other receivables |
7,674
4,635
5
32,667
| Cash and cash equivalents |
34,134
42,274
44,836
| Trade and other payables: amounts falling due within one year |
(48,702)
(44,239)
6
(3,866)
(1,965)
Net current liabilities
| Total assets less current liabilities |
907
832
(174)
(148)
| Provisions for liabilities |
733
Net assets
684
1
1
732
683
733
684
Shareholders' funds
| For the year ended 31 August 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| 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. |
| Mrs Natasha Boulter Director |
| These financial statements were approved and authorised for issue by the Board on 18 May 2018 and were signed by: |
| The notes form part of these financial statements |
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3
For the year ended 31 August 2017
Ollies Restaurant Ltd
Notes to the Financial Statements
Statutory Information
| Ollies Restaurant Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 08617188. |
| Principal place of business: |
Station Road
Wells-Next-The-Sea
Norfolk
NR23 1AE
4 Ulph Place
Burnham Market
King's Lynn
Norfolk
PE31 8HQ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain |
| assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| 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. |
Intangible assets
| 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. |
Property, plant and equipment
| 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
Inventories
| 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. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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4
For the year ended 31 August 2017
Ollies Restaurant Ltd
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
10,000
10,000
6,044
2,000
Charge for year
8,044
1,956
3,956
| 3. Property, plant and equipment |
1,615
479
2,094
| Provision for depreciation and impairment |
873
Charge for year
305
1,178
916
742
2016
2017
3,505
4,495
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5
For the year ended 31 August 2017
Ollies Restaurant Ltd
Notes to the Financial Statements Continued
| 5. Trade and other receivables |
2016
2017
4,635
7,674
| 6. Trade and other payables: amounts falling due within one year |
2016
2017
13,518
11,804
| Taxation and social security |
26,024
29,264
4,697
7,634
44,239
48,702
| 7. Related party transactions |
| Related Party Transactions |
| The debit movement of £3,053 is represented by drawings. |
| 8. Average number of persons employed |
During the year the average number of employees was 15 (2016 : 15)
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