Abbreviated Company Accounts - NEWS & BOOZE (UK) LIMITED

NEWS & BOOZE (UK) LIMITED - Company Information

05785455 NEWS & BOOZE (UK) LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 05785455 2013-05-01 2014-04-30 05785455 2014-04-30 05785455 2013-04-30 05785455 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 05785455 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:Director3 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 05785455

NEWS & BOOZE (UK) LIMITED

Abbreviated Accounts

30 April 2014

NEWS & BOOZE (UK) LIMITED Registered Number 05785455

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	80,000	80,000
Tangible assets	3	187,787	209,598
		267,787	289,598
Current assets
Stocks		121,850	120,470
Debtors		-	565
Cash at bank and in hand		31,610	17,211
		153,460	138,246
Creditors: amounts falling due within one year		(22,764)	(21,705)
Net current assets (liabilities)		130,696	116,541
Total assets less current liabilities		398,483	406,139
Creditors: amounts falling due after more than one year		(371,037)	(379,585)
Total net assets (liabilities)		27,446	26,554
Capital and reserves
Called up share capital	4	3	3
Profit and loss account		27,443	26,551
Shareholders' funds		27,446	26,554

For the year ending 30 April 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 13 January 2015

And signed on their behalf by:
MR H PATEL, Director

NEWS & BOOZE (UK) LIMITED Registered Number 05785455

Notes to the Abbreviated Accounts for the period ended 30 April 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.

Turnover policy
Turnover comprises invoiced sales net of returns, trade discounts and VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life on a reducing balance method as follows:
Fixture and fittings 20%
Motor vehicles 20%

Intangible assets amortisation policy
NONE

Valuation information and policy
Stocks are valued at the lower of cost and net reliable value, after allowing for slow-moving and obsolete items.

Other accounting policies
Corporation tax payable is provided for on taxable profits at the current rate.

2Intangible fixed assets

	£
Cost
At 1 May 2013	80,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	80,000
Amortisation
At 1 May 2013	-
Charge for the year	-
On disposals	-
At 30 April 2014	-
Net book values
At 30 April 2014	80,000
At 30 April 2013	80,000

3Tangible fixed assets

	£
Cost
At 1 May 2013	307,594
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	307,594
Depreciation
At 1 May 2013	97,996
Charge for the year	21,811
On disposals	-
At 30 April 2014	119,807
Net book values
At 30 April 2014	187,787
At 30 April 2013	209,598

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
3 Ordinary shares of £1 each	3	3

5Transactions with directors

Name of director receiving advance or credit:	MR H PATEL
Description of the transaction:	DIRECTOR
Balance at 1 May 2013:	£ 379,585
Advances or credits made:	£ 1,080,271
Advances or credits repaid:	£ 1,088,819
Balance at 30 April 2014:	£ 371,037

The ultimate controlling parties are MR H PATEL , MR S PATEL and MR J BAHIA by virtue of their ownership of 33.33% each in the ordinary share capital of the company.