Red Hen Cookery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07182965 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2018

for

Red Hen Cookery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

A D Sanderson

Mrs I N Sanderson

Secretary:

Registered office:

18/22 Church Street

Malvern

Worcestershire

WR14 2AY

Registered number:

07182965 (England and Wales)

Accountants:

Allan Brown ( A& T Services Ltd)

18/22 Church Street

Malvern

Worcestershire

WR14 2AY

Fixed assets

Intangible assets

4

4,000

6,000

Tangible assets

5

18,908

25,253

22,908

31,253

Current assets

Stocks

500

500

Debtors

6

25,300

19,985

Prepayments and accrued income

1,200

-

Cash at bank

15,281

7,140

42,281

27,625

Creditors

Amounts falling due within one year

7

55,581

58,716

Net current liabilities

(13,300

)

(31,091

)

Total assets less current liabilities

9,608

162

Creditors

Amounts falling due after more than one year

8

(6,132

)

(11,423

)

Provisions for liabilities

(439

)

(484

)

Net assets/(liabilities)

3,037

(11,745

)

Capital and reserves

Called up share capital

100

100

Retained earnings

2,937

(11,845

)

Shareholders' funds

3,037

(11,745

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 13 July 2018 and were signed on its behalf by:

A D Sanderson - Director

1.	STATUTORY INFORMATION

Red Hen Cookery 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 represents the amounts receivable for goods and services.

Services for the cookery school are recognised when the services are performed and completed.

Turnover for the goods supplied are recognised when the goods are delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

10,000

AMORTISATION

At 1 April 2017

4,000

Charge for year

2,000

At 31 March 2018

6,000

NET BOOK VALUE

At 31 March 2018

4,000

At 31 March 2017

6,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

83,808

DEPRECIATION

At 1 April 2017

58,555

Charge for year

6,345

At 31 March 2018

64,900

NET BOOK VALUE

At 31 March 2018

18,908

At 31 March 2017

25,253

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

5,495

DEPRECIATION

At 1 April 2017

2,404

Charge for year

773

At 31 March 2018

3,177

NET BOOK VALUE

At 31 March 2018

2,318

At 31 March 2017

3,091

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

22,973

17,734

Other debtors

2,327

2,251

25,300

19,985

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

242

1,441

Trade creditors

-

2,858

Taxation and social security

12,225

7,387

Other creditors

43,114

47,030

55,581

58,716

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

-

253

Other creditors

6,132

11,170

6,132

11,423

9.	OTHER FINANCIAL COMMITMENTS

At the year end the company had total financial commitments for the purchase of a motor vehicle and

plant totalling £22834 over the term of the leases.The company had financial commitments in respect

of the rent of premises for seven years in the sum of £11857 per annum.

10.	RELATED PARTY DISCLOSURES

Included in creditors is an amount due to the Directors in the sum of £35197