TASTE_KITCHENS_LIMITED - Accounts

DAVID CHARLES LIMITED - Company Information

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TASTE KITCHENS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2015

COMPANY REGISTRATION NO. 04009711 (England and Wales)

TASTE KITCHENS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TASTE KITCHENS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

24,082

13,228

Current assets

Stocks

5,000

4,750

Debtors

48,631

41,937

Cash at bank and in hand

62,591

56,188

116,222

102,875

Creditors: amounts falling due within one year

(119,831)

(103,747)

Net current liabilities

(3,609)

(872)

Total assets less current liabilities

20,473

12,356

Creditors: amounts falling due after more than one year

(16,265)

(6,286)

Provisions for liabilities

(2,133)

(1,110)

2,075

4,960

Capital and reserves

Called up share capital

100

Profit and loss account

1,975

4,860

Shareholders' funds

2,075

4,960

TASTE KITCHENS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2015

- 2 -

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 April 2016

Mr D C Carass

Director

Company Registration No. 04009711

TASTE KITCHENS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33 1/3% straight line

Leasehold property improvements

20% straight line

Loose tools and equipment

25% reducing balance

Fixtures fittings and office equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease

1.6

Stock

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

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

TASTE KITCHENS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 August 2014

71,050

Additions

16,174

Disposals

(16,682)

At 31 July 2015

70,542

Depreciation

At 1 August 2014

57,821

On disposals

(15,012)

Charge for the year

3,651

At 31 July 2015

46,460

Net book value

At 31 July 2015

24,082

At 31 July 2014

13,228

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £6,132 (2014 - £2,019).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £16,265 (2014 - £6,286).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100