GFG Restaurant Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09013493 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

GFG RESTAURANT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

L Wootton

Mrs F J Wootton

SECRETARY:

A J Company Formations Limited

REGISTERED OFFICE:

The Coach House

The Square

Sawbridgeworth

Hertfordshire

CM21 9AE

REGISTERED NUMBER:

09013493 (England and Wales)

ACCOUNTANTS:

Ashley James Limited

The Coach House

The Square

Sawbridgeworth

Hertfordshire

CM21 9AE

FIXED ASSETS

Intangible assets

2

56,700

Tangible assets

3

8,482

8,415

65,182

65,115

CURRENT ASSETS

Stocks

10,500

Debtors

14,617

6,810

Cash at bank

9,490

9,736

34,607

27,046

CREDITORS

Amounts falling due within one year

133,834

91,077

NET CURRENT LIABILITIES

(99,227

)

(64,031

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,045

)

1,084

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

(34,245

)

884

SHAREHOLDERS' FUNDS

(34,045

)

1,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 21 September 2016 and were signed on its behalf
by:

L Wootton - 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

56,700

NET BOOK VALUE

At 30 April 2016

56,700

At 30 April 2015

56,700

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

10,623

Additions

2,232

At 30 April 2016

12,855

DEPRECIATION

At 1 May 2015

2,208

Charge for year

2,165

At 30 April 2016

4,373

NET BOOK VALUE

At 30 April 2016

8,482

At 30 April 2015

8,415

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/16

30/4/15

value:

£

200

ORDINARY

£1

200