Abbreviated Company Accounts - GALES RESTAURANTS LIMITED

GALES RESTAURANTS LIMITED - Company Information

00634361 GALES RESTAURANTS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 00634361 2013-04-01 2014-03-31 00634361 2014-03-31 00634361 2013-03-31 00634361 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 00634361 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 00634361

GALES RESTAURANTS LIMITED

Abbreviated Accounts

31 March 2014

GALES RESTAURANTS LIMITED Registered Number 00634361

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	628,524	701,276
		628,524	701,276
Current assets
Stocks		18,760	17,440
Debtors		76,231	29,107
Cash at bank and in hand		347,231	52,341
		442,222	98,888
Creditors: amounts falling due within one year		(266,290)	(372,685)
Net current assets (liabilities)		175,932	(273,797)
Total assets less current liabilities		804,456	427,479
Creditors: amounts falling due after more than one year		(646,020)	(650,123)
Total net assets (liabilities)		158,436	(222,644)
Capital and reserves
Called up share capital	3	10,000	10,000
Profit and loss account		148,436	(232,644)
Shareholders' funds		158,436	(222,644)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 November 2014

And signed on their behalf by:
Kyriacos Michael Karageorgis, Director

GALES RESTAURANTS LIMITED Registered Number 00634361

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets

	£
Cost
At 1 April 2013	1,106,619
Additions	10,304
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,116,923
Depreciation
At 1 April 2013	405,343
Charge for the year	83,056
On disposals	-
At 31 March 2014	488,399
Net book values
At 31 March 2014	628,524
At 31 March 2013	701,276

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
10,000 Ordinary shares of £1 each	10,000	10,000