Abbreviated Company Accounts - ABBOTS' KITCHEN LIMITED

ABBOTS' KITCHEN LIMITED - Company Information

SC396745 ABBOTS' KITCHEN LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true SC396745 2013-10-01 2014-09-30 SC396745 2014-09-30 SC396745 2013-09-30 SC396745 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 SC396745 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number SC396745

ABBOTS' KITCHEN LIMITED

Abbreviated Accounts

30 September 2014

ABBOTS' KITCHEN LIMITED Registered Number SC396745

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,339	3,071
		3,339	3,071
Current assets
Stocks		1,899	3,396
Debtors		2,890	1,344
Cash at bank and in hand		20,915	23,572
		25,704	28,312
Creditors: amounts falling due within one year		(23,311)	(24,737)
Net current assets (liabilities)		2,393	3,575
Total assets less current liabilities		5,732	6,646
Total net assets (liabilities)		5,732	6,646
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		5,731	6,645
Shareholders' funds		5,732	6,646

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 4 June 2015

And signed on their behalf by:
R Arnott, Director

ABBOTS' KITCHEN LIMITED Registered Number SC396745

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
The financial statements have been prepared on the going concern basis which assumes that the company will continue in existence for the foreseeable future.

Following the losses incurred during the year the validity of this assumption depends upon the company's ability to secure the support of its parent company and also on the financial performance of the company’s parent company. The directors have considered the company's potential for utilising the company's resources and generating income sufficient to ensure the company’s ability to continue as a going concern.

The directors consider that in preparing the financial statements they have taken into account all information that could reasonably be expected to be available and although there can be no certainty in such matters they consider it appropriate to prepare the financial statements on the going concern basis.

The financial statements do not include any adjustments that would result if the directors' plans to generate future income streams and limit exposure to the related party mentioned above are unsuccessful.

Turnover
Turnover consists of sales of goods in the period, excluding VAT, falling within the company’s ordinary activities.

Stock
Stock is held at the lower of cost and net realisable value.

Expenditure
Expenditure is recognised when a liability falls due.

Leasing commitments
Assets obtained under finance leases are capitalised in the Balance Sheet and depreciated over their useful lives. The interest element is charged to the Profit and Loss over the relevant period. The capital element of future payments is treated as a liability.

Fixed assets and depreciation
Tangible assets are capitalised if they can be used for more than one year. They are valued at cost or, if gifted, at their value on receipt.

Depreciation is calculated to write off the cost of tangible fixed assets over their useful economic lives. The rates used are as follows:-

Café & Kitchen equipment - 20% pa straight line

2Tangible fixed assets

	£
Cost
At 1 October 2013	6,618
Additions	1,990
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	8,608
Depreciation
At 1 October 2013	3,547
Charge for the year	1,722
On disposals	-
At 30 September 2014	5,269
Net book values
At 30 September 2014	3,339
At 30 September 2013	3,071

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1