Abbreviated Company Accounts - GATE DELICATESSEN LIMITED

GATE DELICATESSEN LIMITED - Company Information

04991370 GATE DELICATESSEN LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 04991370 2014-10-01 2015-09-30 04991370 2015-09-30 04991370 2014-09-30 04991370 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 04991370 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 04991370

GATE DELICATESSEN LIMITED

Abbreviated Accounts

30 September 2015

GATE DELICATESSEN LIMITED Registered Number 04991370

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	17,500
Tangible assets	3	1,607	2,143
		1,607	19,643
Current assets
Stocks		21,512	10,997
Debtors		623	616
Cash at bank and in hand		10,037	9,407
		32,172	21,020
Creditors: amounts falling due within one year		(50,895)	(40,303)
Net current assets (liabilities)		(18,723)	(19,283)
Total assets less current liabilities		(17,116)	360
Creditors: amounts falling due after more than one year		(85,675)	(93,203)
Total net assets (liabilities)		(102,791)	(92,843)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(102,891)	(92,943)
Shareholders' funds		(102,791)	(92,843)

For the year ending 30 September 2015 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 19 April 2016

And signed on their behalf by:
Mr S.G. Patel, Director

GATE DELICATESSEN LIMITED Registered Number 04991370

Notes to the Abbreviated Accounts for the period ended 30 September 2015

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.

Turnover policy
The turnover shown in the profit and loss account represents goods sold during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 25% Reducing balance

Intangible assets amortisation policy
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill - 10% Straight Line

Other accounting policies
Pension costs
The company operates a money purchase pension scheme called, The Radhe Pension Scheme to provide retirement benefits to employees of the company. The pension charged represents the amounts paid by the company to the funds in respect of the year.

2Intangible fixed assets

	£
Cost
At 1 October 2014	210,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	210,000
Amortisation
At 1 October 2014	192,500
Charge for the year	17,500
On disposals	-
At 30 September 2015	210,000
Net book values
At 30 September 2015	0
At 30 September 2014	17,500

3Tangible fixed assets

	£
Cost
At 1 October 2014	7,533
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	7,533
Depreciation
At 1 October 2014	5,390
Charge for the year	536
On disposals	-
At 30 September 2015	5,926
Net book values
At 30 September 2015	1,607
At 30 September 2014	2,143

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100