1516 LTD 31/08/2018 iXBRL
1516 LTD 31/08/2018 iXBRL
Company registration number:
NI625650
Trading as
JASMINE CHINESE TAKEAWAY
Unaudited filleted financial statements
E F McCambridge & Co
Chartered Accountants & Registered Auditors
6 Bayview Terrace
Derry
BT48 7EE
Balance sheet
31 August 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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Tangible assets | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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_______ | _______ | ||||||||
Net current assets/(liabilities) |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
30 May 2019
, and are signed on behalf of the board by:
...............................................................
Director
Company registration number:
NI625650
Notes to the financial statements
Year ended 31 August 2018
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 1516 LTD, 6 BAYVIEW TERRACE, DERRY, BT48 7EE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Impairment
Stocks
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
9
(2017:
10
).
5.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 September 2017 and 31 August 2018 |
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_______ | _______ | ||
Amortisation | |||
At 1 September 2017 |
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Charge for the year |
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_______ | _______ | ||
At 31 August 2018 |
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_______ | _______ | ||
Carrying amount | |||
At 31 August 2018 |
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_______ | _______ | ||
At 31 August 2017 |
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_______ | _______ | ||
6.
Tangible assets
Fixtures, fittings and equipment | Total | ||
£ | £ | ||
Cost | |||
At 1 September 2017 |
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Additions | 1,056 | 1,056 | |
_______ | _______ | ||
At 31 August 2018 |
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_______ | _______ | ||
Depreciation | |||
At 1 September 2017 |
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Charge for the year |
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_______ | _______ | ||
At 31 August 2018 |
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_______ | _______ | ||
Carrying amount | |||
At 31 August 2018 |
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_______ | _______ | ||
At 31 August 2017 |
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_______ | _______ | ||
7.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Directors advances, credits and guarantees
In the year there were no advances or credits granted by the company to the directors, nor were there any guarantess of any kind entered into by the company on behalf of the directors.