The Great Barrier Reef Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07306022 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 September 2015

for

The Great Barrier Reef (Fish & Chips Co)

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr M L J Holroyd

SECRETARY:

Mrs E J Holroyd

REGISTERED OFFICE:

Highfield House

Princess Margaret Avenue

Metheringham

LINCOLN

Lincolnshire

LN4 3DA

REGISTERED NUMBER:

07306022 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

Lloyds Bank

High Street

LINCOLN

Lincolnshire

LN5 7AP

FIXED ASSETS

Intangible assets

2

41,500

49,800

Tangible assets

3

15,876

17,698

57,376

67,498

CURRENT ASSETS

Stocks

3,068

3,784

Debtors

130

110

Cash at bank and in hand

16,382

9,192

19,580

13,086

CREDITORS

Amounts falling due within one year

64,168

68,789

NET CURRENT LIABILITIES

(44,588

)

(55,703

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,788

11,795

PROVISIONS FOR LIABILITIES

3,175

3,540

NET ASSETS

9,613

8,255

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

9,513

8,155

SHAREHOLDERS' FUNDS

9,613

8,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 16 February 2016 and were signed by:

Mr M L J Holroyd - 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 of the company represents the net value of goods invoiced, excluding the relevant

flat rate percentage of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date. Deferred tax is not recognised when assets are

revalued, unless by the balance sheet date the company has entered into a binding

agreement to sell the assets and recognised gains and losses expected to arise on sale, or

where assets have been sold and it is expected that the taxable gain will be rolled over into a

replacement asset.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

83,000

AMORTISATION

At 1 October 2014

33,200

Amortisation for year

8,300

At 30 September 2015

41,500

NET BOOK VALUE

At 30 September 2015

41,500

At 30 September 2014

49,800

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

33,113

Additions

912

At 30 September 2015

34,025

DEPRECIATION

At 1 October 2014

15,415

Charge for year

2,734

At 30 September 2015

18,149

NET BOOK VALUE

At 30 September 2015

15,876

At 30 September 2014

17,698

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100