Accounts filed on 30-04-2016
Accounts filed on 30-04-2016
trueLakeland Caterers Limited007528652016-04-30282750291028295750304028100010001200012000295750304028295750304028107572115387485135134615608516673316830154402166733188178188641188178188641Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents monies received (excluding value added tax) from cafe sales and
other activities.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Land & BuildingsStraight line0.020020590920590917731172684632059092059091773117268463Ordinary1000110001000Ordinary11000100010002016-10-07E W Masseytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureLakeland Caterers Limited2015-05-012016-04-30Lakeland Caterers Limited2014-05-012015-04-30Lakeland Caterers Limited2014-04-30Lakeland Caterers Limited2015-04-30Lakeland Caterers Limited2015-04-30Lakeland Caterers Limited2016-04-30 2016-11-01
