Keynsham Fish Bar Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04520425 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Keynsham Fish Bar Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Manaei

REGISTERED OFFICE:

3 Bath Hill

Keynsham

Bristol

Avon

BS31 1EB

REGISTERED NUMBER:

04520425 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Intangible assets

2

72,000

80,000

Tangible assets

3

40,372

47,402

112,372

127,402

CURRENT ASSETS

Stocks

2,210

2,000

Cash at bank and in hand

5,119

4,791

7,329

6,791

CREDITORS

Amounts falling due within one year

14,203

13,752

NET CURRENT LIABILITIES

(6,874

)

(6,961

)

TOTAL ASSETS LESS CURRENT LIABILITIES

105,498

120,441

CREDITORS

Amounts falling due after more than one year

88,072

94,135

NET ASSETS

17,426

26,306

CAPITAL AND RESERVES

Called up share capital

4

50

50

Profit and loss account

17,376

26,256

SHAREHOLDERS' FUNDS

17,426

26,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 December 2014 and were signed by:

M Manaei - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

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

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

160,000

AMORTISATION

At 1 April 2013

80,000

Amortisation for year

8,000

At 31 March 2014

88,000

NET BOOK VALUE

At 31 March 2014

72,000

At 31 March 2013

80,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

108,593

DEPRECIATION

At 1 April 2013

61,191

Charge for year

7,030

At 31 March 2014

68,221

NET BOOK VALUE

At 31 March 2014

40,372

At 31 March 2013

47,402

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

50

Ordinary

1

50

50