Company Registration No. 08314701 (England and Wales)
Creams Franchising (UK) Ltd
Abbreviated Accounts
For The Year Ended 30 November 2015
CREAMS FRANCHISING (UK) LTD
Creams Franchising (UK) Ltd
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CREAMS FRANCHISING (UK) LTD
Creams Franchising (UK) Ltd
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Stocks
-
4,500
Debtors
(58,125)
445
Cash at bank and in hand
167,017
-
108,892
4,945
Creditors: amounts falling due within one year
(56,298)
(3,903)
Total assets less current liabilities
52,594
1,042
Capital and reserves
Called up share capital
2
100
1
Profit and loss account
52,494
1,041
Shareholders' funds
52,594
1,042
For the financial year ended 30 November 2015 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 28 August 2016
Mr U Aleem
Director
Company Registration No. 08314701
CREAMS FRANCHISING (UK) LTD
Creams Franchising (UK) Ltd
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for restaurant and cafe services net of VAT and trade discounts.
restaurant and cafe services
net of VAT and trade discounts.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
80 A Ordinary shares of £1 each
80
1
20 B Ordinary shares of £1 each
20
-
100
1
3
Related party relationships and transactions
Directors Loan
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr U Aleem
-
3,373
4,240
-
7,091
522
Mr M Aleem
-
-
9,600
-
1,800
7,800
Mr T Aleem
-
-
8,900
-
5,764
3,136
3,373
22,740
-
14,655
11,458
The above balance is included within Creditors: amounts falling due within one year.