Registration number:
for the Year Ended
Chartered Certified Accountants
54 Maidensbridge Road
Wall Heath
Kingswinford
West Midlands
DY6 0JB
Fun & Fries Ltd
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Statement of Financial Position |
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Notes to the Financial Statements |
Fun & Fries Ltd
Company Information
Directors |
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Company secretary |
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Registered office |
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Accountants |
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Fun & Fries Ltd
Director's Report for the Year Ended 31 December 2015
The Director presents her report and the financial statements for the year ended 31 December 2015.
Directors of the Company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is operator of a McDonalds franchise.
Small companies provision statement
Approved by the Board on
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J O Moore
Director
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Fun & Fries Ltd
for the Year Ended 31 December 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fun & Fries Ltd for the year ended 31 December 2015 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
It is your duty to ensure that Fun & Fries Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fun & Fries Ltd. You consider that Fun & Fries Ltd is exempt from the statutory audit requirement for the year.
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Chartered Certified Accountants
Fun & Fries Ltd
(Registration number: 04825817)
Statement of Financial Position as at 31 December 2015
Note |
2015 |
2014 |
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Fixed assets |
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Intangible assets |
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Property, plant and equipment |
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Other financial assets |
3,750 |
2,500 |
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Current assets |
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Inventories |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Director's responsibilities:
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• |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Fun & Fries Ltd
(Registration number: 04825817)
Statement of Financial Position as at 31 December 2015
Approved and authorised by the
.........................................
J O Moore
Director
Fun & Fries Ltd
Notes to the Financial Statements for the Year Ended 31 December 2015
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
Basis of preparation
Revenue recognition
Tax
Fun & Fries Ltd
Notes to the Financial Statements for the Year Ended 31 December 2015
Property, plant and equipment
Depreciation
Asset class |
Depreciation method and rate |
Plant and equipment |
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Office equipment |
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Goodwill
Intangible assets
Amortisation
Asset class |
Amortisation method and rate |
Licence fees |
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Stamp duty |
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Goodwill |
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Cash and cash equivalents
Inventories
Fun & Fries Ltd
Notes to the Financial Statements for the Year Ended 31 December 2015
Trade creditors
Borrowings
Share capital
Dividends
Defined contribution pension obligation
Staff numbers |
The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:
2015 |
2014 |
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Production |
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Administration and support |
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Fun & Fries Ltd
Notes to the Financial Statements for the Year Ended 31 December 2015
Intangible assets |
Goodwill |
Licence fees |
Stamp duty |
Total |
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Cost or valuation |
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At 1 January 2015 |
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Additions acquired separately |
- |
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At 31 December 2015 |
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Amortisation |
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At 1 January 2015 |
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Amortisation charge |
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At 31 December 2015 |
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Carrying amount |
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At 31 December 2015 |
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At 31 December 2014 |
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Property, plant and equipment |
Office equipment |
Plant and equipment |
Total |
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Cost or valuation |
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At 1 January 2015 |
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Additions |
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At 31 December 2015 |
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Depreciation |
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At 1 January 2015 |
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Charge for the year |
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At 31 December 2015 |
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Carrying amount |
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At 31 December 2015 |
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At 31 December 2014 |
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Fun & Fries Ltd
Notes to the Financial Statements for the Year Ended 31 December 2015
Other financial assets (current and non-current) |
2015 |
2014 |
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Non-current financial assets |
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Financial assets at cost less impairment |
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Inventories |
2015 |
2014 |
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Other inventories |
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Debtors |
2015 |
2014 |
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Other debtors |
- |
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Prepayments |
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Total current trade and other debtors |
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Creditors |
Note |
2015 |
2014 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Social security and other taxes |
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Other payables |
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- |
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Accrued expenses |
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Income tax liability |
- |
3,061 |
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Due after one year |
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Loans and borrowings |
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Fun & Fries Ltd
Notes to the Financial Statements for the Year Ended 31 December 2015
Loans and borrowings |
2015 |
2014 |
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Non-current loans and borrowings |
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Bank borrowings |
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2015 |
2014 |
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Current loans and borrowings |
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Bank borrowings |
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Other borrowings |
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Included in the loans and borrowings are the following amounts due after more than five years:
2015 |
2014 |
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After more than five years by instalments |
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Financial commitments, guarantees and contingencies |
The total amount of financial commitments not included in the balance sheet is £
Transition to FRS 102 |