The Indian Palace (Haydock) limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08258168 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 October 2017

for

The Indian Palace (Haydock) limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M S RAHMAN

REGISTERED OFFICE:

UNIT 1 ,

BRANCHWAY

HAYDOCK

ST. HELENS

Merseyside

WA11 0QW

REGISTERED NUMBER:

08258168 (England and Wales)

ACCOUNTANTS:

BHANDARI & CO. (ACCOUNTANTS)

51 LORD STREET

MANCHESTER

Lancashire

M3 1HE

FIXED ASSETS

Intangible assets

3

30,000

Tangible assets

4

12,000

42,000

CURRENT ASSETS

Stocks

8,750

Cash in hand

495

9,245

CREDITORS

Amounts falling due within one year

5

(59,662

)

NET CURRENT LIABILITIES

(50,417

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,417

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(8,418

)

SHAREHOLDERS' FUNDS

(8,417

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 2 July 2018 and were signed by:

M S RAHMAN - Director

1.	STATUTORY INFORMATION

The Indian Palace (Haydock) 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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 profit or loss 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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2016

and 31 October 2017

30,000

NET BOOK VALUE

At 31 October 2017

30,000

At 31 October 2016

30,000

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

and 31 October 2017

12,000

NET BOOK VALUE

At 31 October 2017

12,000

At 31 October 2016

12,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

10,177

Trade creditors

1,494

Taxation and social security

4,891

Other creditors

43,100

59,662