HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED COVER
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Company No. 04986115
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HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED CONTENTS
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Page
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Company Information
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1
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Director's Report
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2
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Accountant's Report
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3
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Profit and Loss Account
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4
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Statement of Recognised Gains and Losses
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5
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Balance Sheet
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6
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Notes to the Accounts
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7
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HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED COMPANY INFORMATION
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Director
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Company Secretary
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Registered Office
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LONDON
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Accountants
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HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED DIRECTORS REPORT
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The Director presents his report and accounts for the period ended 28 April 2016.
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Principal activities
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Director
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The Director who served during the period was as follows:
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The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
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Signed on behalf of the board
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FEVZI APAT
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Director
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HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED ACCOUNTANTS REPORT
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Accountant's Report to the director of HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED on the preparation of the unaudited statutory accounts for the period ended 28 April 2016
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In order to assist you to fulfil your duties under the Companies Act 2006 and in accordance with your instructions, we have prepared for your approval the accounts of HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED for the period ended 28 April 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
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You consider that the company is exempt from an audit for the period ended 28 April 2016. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the period.
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We have not carried out an audit or a review of the accounts of HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Zek and Co
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Accountants
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576A LORDSHIP LANE
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WOOD GREEN
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LONDON
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N22 5BY
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05 September 2016
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HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED PROFIT AND LOSS ACCOUNT
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for the period ended 28 April 2016
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Notes
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2016
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2015
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£
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£
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Turnover
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Cost of sales
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(
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(
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Gross (loss)/profit
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(
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Administrative expenses
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(
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(
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Operating (loss)/profit
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2
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(
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(Loss)/Profit on ordinary activities before taxation
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(
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Taxation
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3
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-
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(
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(Loss)/Profit for the financial period after taxation
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(
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HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED RECOGNISED GAINS AND LOSSES
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for the period ended 28 April 2016
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Notes
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2016
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2015
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£
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£
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(Loss)/Profit for the financial period
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(
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Total recognised gains and losses related to the period
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(
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Total recognised gains and losses since last accounts
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(
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HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED BALANCE SHEET
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at
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Company No.
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Notes
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2016
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2015
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£
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£
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Fixed assets
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Tangible assets
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4
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Current assets
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Stocks
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5
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Debtors
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6
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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7
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(
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(
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Net current assets
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Total assets less current 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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8
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Profit and loss account
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9
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Shareholder's funds
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Approved by the board on 05 September 2016
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And signed on its behalf by:
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FEVZI APAT
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Director
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05 September 2016
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HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED NOTES TO THE ACCOUNTS
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for the period ended 28 April 2016
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1
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Accounting policies
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Basis of preparation
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Turnover
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Tangible fixed assets and depreciation
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
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Motor vehicles
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Furniture, fittings and equipment
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Freehold investment property
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This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. |
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Intangible fixed assets and amortisation
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Stocks
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Deferred taxation
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Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. |
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Research and development
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Foreign currencies
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Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction. Exchange differences are are taken into account in arriving at the operating profit. |
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Leased assets
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Pension costs
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2
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Operating (Loss)/Profit
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2016
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2015
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This is stated after charging:
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£
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£
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Depreciation of owned fixed assets
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Directors' remuneration
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3
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Taxation
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2016
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2015
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£
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£
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UK corporation tax
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Charge for the period
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-
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Total corporation tax
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-
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Tax on profit on ordinary activities
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-
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4
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Tangible fixed assets
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Motor vehicles
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Fixtures, fittings and equipment
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Total
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£
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£
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£
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Cost or revaluation
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At 1 January 2016
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At 28 April 2016
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Depreciation
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At 1 January 2016
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Charge for the year
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At 28 April 2016
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Net book values
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At 28 April 2016
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At 31 December 2015
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5
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Stocks
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2016
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2015
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£
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£
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Work in progress
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6
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Debtors
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2016
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2015
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£
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£
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VAT recoverable
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7
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Creditors:
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amounts falling due within one year
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2016
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2015
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£
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£
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Corporation tax
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1,257
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Other taxes and social security
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Loans from directors
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Accruals and deferred income
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8
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Share Capital
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Nominal value
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2016
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2016
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2015
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£
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Number
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£
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£
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Allotted, called up and fully paid:
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1
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1
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9
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Reserves
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Profit and loss account
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£
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At 1 January 2016
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Loss for the period
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(
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At 28 April 2016
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10
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Related party disclosures
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Controlling party
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Immediate controlling party
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HAMPSTEAD SUPERMARKET AND OFF LICENCE LIMITED DETAILED PROFIT AND LOSS ACCOUNT
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for the period ended 28 April 2016
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2016
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2015
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£
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£
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Turnover
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Cost of sales
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Opening stock
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48,000
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46,000
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Purchases
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93,930
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305,110
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Closing stock
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(
5,000 ) |
(48,000)
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136,930
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303,110
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Cost of sales
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136,930
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303,110
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Gross (loss)/profit
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(
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Other administrative costs
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Employee costs
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Salaries/wages
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8,784
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31,805
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Directors' remuneration
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2,782
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8,174
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11,566
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39,979
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Motor and travel costs
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Vehicles - Fuel
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-
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1,732
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Vehicles - Repairs and maintenance
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-
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23
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-
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1,755
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Premises costs
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Rent
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4,250
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17,500
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Rates
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1,098
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4,664
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Light, heat and power
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4,695
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3,678
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Premises cleaning
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61
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121
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Premises insurances
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1,411
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1,469
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11,515
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27,432
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General administrative costs, including depreciation and amortisation
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Depreciation of motor vehicles
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665
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832
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Depreciation of fixtures, fittings and equipment
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3,019
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3,774
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Bank charges
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905
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3,191
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Equipment repairs and maintenance
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138
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419
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Telephone, fax and broadband
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171
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432
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4,898
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8,648
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Legal and professional costs
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Accountancy and bookkeeping
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400
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1,500
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Solicitor's fees
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1,250
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-
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Other legal and professional costs
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-
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180
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1,650
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1,680
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Administrative expenses
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29,629
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79,494
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Operating (loss)/profit
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(
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(Loss)/Profit on ordinary activities before taxation
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(
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