Panini Shack (Leeds) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08294503 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

PANINI SHACK (LEEDS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr T P Gabriel

REGISTERED OFFICE:

Beck House

Thirlby

Thirsk

West Yorkshire

YO7 2DJ

REGISTERED NUMBER:

08294503 (England and Wales)

ACCOUNTANTS:

Bannister Prentice Ltd

Beck House

Thirlby

Thirsk

West Yorkshire

YO7 2DJ

FIXED ASSETS

Tangible assets

2

26,340

29,235

CURRENT ASSETS

Stocks

1,950

Debtors

-

400

Cash at bank and in hand

32,134

10,790

34,084

13,140

CREDITORS

Amounts falling due within one year

27,083

14,358

NET CURRENT ASSETS/(LIABILITIES)

7,001

(1,218

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,341

28,017

CREDITORS

Amounts falling due after more than one
year

18,488

26,942

NET ASSETS

14,853

1,075

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

14,753

975

SHAREHOLDERS' FUNDS

14,853

1,075

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

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

Mr T P Gabriel - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

41,942

Additions

1,552

At 30 November 2015

43,494

DEPRECIATION

At 1 December 2014

12,707

Charge for year

4,447

At 30 November 2015

17,154

NET BOOK VALUE

At 30 November 2015

26,340

At 30 November 2014

29,235

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

ordinary

£1.00

100