Laughing Gravy Enterprises Limited - Limited company - abbreviated

REGISTERED NUMBER: 07150547 (England and Wales)

LAUGHING GRAVY ENTERPRISES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JULY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J R Wise

REGISTERED OFFICE:

154-156 Blackfriars Road

London

SE1 8EN

REGISTERED NUMBER:

07150547 (England and Wales)

ACCOUNTANTS:

Sinclairs Bartrum Lerner

Chartered Accountants

39A Welbeck Street

London

W1G 8DH

FIXED ASSETS

Tangible assets

2

53,379

60,365

CURRENT ASSETS

Stocks

12,870

10,848

Debtors

31,232

8,263

Cash at bank and in hand

157,449

144,519

201,551

163,630

CREDITORS

Amounts falling due within one year

152,455

147,150

NET CURRENT ASSETS

49,096

16,480

TOTAL ASSETS LESS CURRENT
LIABILITIES

102,475

76,845

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

102,474

76,844

SHAREHOLDERS' FUNDS

102,475

76,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5th February 2015 and were signed by:

J R Wise - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents restaurant sales net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33.33% straight line on cost and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2013

84,621

Additions

4,369

At 31st July 2014

88,990

DEPRECIATION

At 1st August 2013

24,256

Charge for year

11,355

At 31st July 2014

35,611

NET BOOK VALUE

At 31st July 2014

53,379

At 31st July 2013

60,365

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1

Ordinary

1

Laughing Gravy Enterprises Limited - Limited company - abbreviated - 11.6

Laughing Gravy Enterprises Limited - Limited company - abbreviated - 11.6