Company Registration No. 05777883 (England and Wales)
ALL ABOUT CATERING LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
ALL ABOUT CATERING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ALL ABOUT CATERING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
22,874
25,124
Tangible assets
2
7,850
6,470
30,724
31,594
Current assets
Stocks
16,000
40,000
Debtors
114,874
129,011
Cash at bank and in hand
2,552
8,781
133,426
177,792
Creditors: amounts falling due within one year
(130,185)
(198,048)
Net current assets/(liabilities)
3,241
(20,256)
Total assets less current liabilities
33,965
11,338
Creditors: amounts falling due after more than one year
(32,987)
(43,137)
Provisions for liabilities
(940)
-
38
(31,799)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
36
(31,801)
Shareholders' funds
38
(31,799)
ALL ABOUT CATERING LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2016
30 April 2016
- 2 -
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 November 2016
Mrs R Rogers
Director
Company Registration No. 05777883
ALL ABOUT CATERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.
The directors consider that the company will continue to operate within the facility currently agreed. However, the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
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, as follows:
Plant and machinery
- 25% on the reducing balance
Motor vehicles
- 25% on the reducing balance
ALL ABOUT CATERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2015
45,000
37,231
82,231
Additions
-
4,008
4,008
At 30 April 2016
45,000
41,239
86,239
Depreciation
At 1 May 2015
19,876
30,761
50,637
Charge for the year
2,250
2,628
4,878
At 30 April 2016
22,126
33,389
55,515
Net book value
At 30 April 2016
22,874
7,850
30,724
At 30 April 2015
25,124
6,470
31,594
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
4
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Directors' account - Mr & Mrs Rogers
4.00
83,993
35,981
4,011
55,169
68,816
83,993
35,981
4,011
55,169
68,816