Grills & Curries Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07261752 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Grills & Curries Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J N Ghosh

U Tripathy

R Shah

REGISTERED OFFICE:

110 Carlton Ave East

Wembley

Middlesex

HA9 8LY

REGISTERED NUMBER:

07261752 (England and Wales)

ACCOUNTANTS:

MohanRed & Co

110 Carlton Avenue East

Wembley

Middlesex

HA9 8LY

FIXED ASSETS

Intangible assets

2

30,000

32,000

Tangible assets

3

71,306

66,139

101,306

98,139

CURRENT ASSETS

Stocks

7,365

6,257

Debtors

66,671

18,612

Cash at bank and in hand

18,726

40,134

92,762

65,003

CREDITORS

Amounts falling due within one year

184,045

155,168

NET CURRENT LIABILITIES

(91,283

)

(90,165

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,023

7,974

CREDITORS

Amounts falling due after more than one
year

-

83,889

NET ASSETS/(LIABILITIES)

10,023

(75,915

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

9,923

(76,015

)

SHAREHOLDERS' FUNDS

10,023

(75,915

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 September 2016 and were signed on
its behalf by:

U Tripathy - 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.

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 twenty years.

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 etc

-

25% on cost

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

40,000

AMORTISATION

At 1 January 2015

8,000

Amortisation for year

2,000

At 31 December 2015

10,000

NET BOOK VALUE

At 31 December 2015

30,000

At 31 December 2014

32,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

164,547

Additions

10,017

At 31 December 2015

174,564

DEPRECIATION

At 1 January 2015

98,408

Charge for year

4,850

At 31 December 2015

103,258

NET BOOK VALUE

At 31 December 2015

71,306

At 31 December 2014

66,139

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100