Blue Diamond Restaurant Ltd - Abbreviated accounts

Registered number

05773108

Blue Diamond Restaurant Ltd

Abbreviated Accounts

31 March 2016

Blue Diamond Restaurant Ltd
Registered number:		05773108
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		-			2,856

Current assets
Stocks		3,500			4,001
Debtors		-			513
Cash at bank and in hand		46,994			51,711
		50,494			56,225

Creditors: amounts falling due within one year		(48,504)			(51,595)

Net current assets			1,990			4,630

Total assets less current liabilities			1,990			7,486


Provisions for liabilities			(389)			(389)


Net assets			1,601			7,097

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			1,501			6,997

Shareholders' funds			1,601			7,097

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Minh Tran
Director
Approved by the board on 5 April 2016

Blue Diamond Restaurant Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line


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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					10,950
	Disposals					(10,950)
	At 31 March 2016					-

	Depreciation
	At 1 April 2015					8,094
	On disposals					(8,094)
	At 31 March 2016					-

	Net book value
	At 31 March 2016					-
	At 31 March 2015					2,856


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		100		100