Panini Shack (Leeds) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08294503 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

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

North Yorkshire

YO7 2DJ

REGISTERED NUMBER:

08294503 (England and Wales)

ACCOUNTANTS:

Bannister Prentice Ltd

Beck House

Thirlby

Thirsk

North Yorkshire

YO7 2DJ

FIXED ASSETS

Tangible assets

2

29,645

26,340

CURRENT ASSETS

Stocks

1,950

Cash at bank and in hand

41,715

32,134

43,665

34,084

CREDITORS

Amounts falling due within one year

20,927

27,083

NET CURRENT ASSETS

22,738

7,001

TOTAL ASSETS LESS CURRENT
LIABILITIES

52,383

33,341

CREDITORS

Amounts falling due after more than one
year

15,938

18,488

NET ASSETS

36,445

14,853

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

36,345

14,753

SHAREHOLDERS' FUNDS

36,445

14,853

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 3 August 2017 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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

43,494

Additions

8,346

At 30 November 2016

51,840

DEPRECIATION

At 1 December 2015

17,154

Charge for year

5,041

At 30 November 2016

22,195

NET BOOK VALUE

At 30 November 2016

29,645

At 30 November 2015

26,340

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

ordinary

£1.00

100