Petit Four Limited - Filleted accounts

Petit Four Limited - Filleted accounts

PETIT FOUR LIMITED - Company Information

Print Friendly Version

Registered number
03700091
Petit Four Limited
Report and Accounts
31 January 2017
Petit Four Limited
Registered number: 03700091
Balance Sheet
as at 31 January 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 320,115 320,115
Current assets
Debtors 3 470 478
Cash at bank and in hand 7,245 4,581
7,715 5,059
Creditors: amounts falling due within one year 4 (151,996) (140,722)
Net current liabilities (144,281) (135,663)
Total assets less current liabilities 175,834 184,452
Creditors: amounts falling due after more than one year 5 (99,021) (123,411)
Net assets 76,813 61,041
Capital and reserves
Called up share capital 100 100
Profit and loss account 76,713 60,941
Shareholders' funds 76,813 61,041
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Lingley
Director
Approved by the board on 15 August 2017
Petit Four Limited
Notes to the Accounts
for the year ended 31 January 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings None
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2016 320,115
At 31 January 2017 320,115
Depreciation
At 31 January 2017 -
Net book value
At 31 January 2017 320,115
At 31 January 2016 320,115
The director believes that the value reflects the current market value and no revaluation is required.
3 Debtors 2017 2016
£ £
Other debtors 470 478
4 Creditors: amounts falling due within one year 2017 2016
£ £
Bank loans and overdrafts 22,753 22,753
Trade creditors - 800
Corporation tax 3,943 1,882
Other creditors 125,300 115,287
151,996 140,722
5 Creditors: amounts falling due after one year 2017 2016
£ £
Bank loans 99,021 123,411
6 Loans 2017 2016
£ £
Creditors include:
Instalments falling due for payment after more than five years 8,974 32,404
Secured bank loans 121,774 146,164
HSBC Bank Plc has a fixed and floating charge over all the assets of Petit Four Ltd.
7 Controlling party
Saint Arnold Ltd, company number 08115243 owns the shares of Petit Four Ltd and Saint Arnold Management Ltd.
8 Other information
Petit Four Limited is a private company limited by shares and incorporated in England. Its registered office is:
1-3 High Street
Dunmow
Essex
CM6 1UU
Petit Four Limited 03700091 false 2016-02-01 2017-01-31 2017-01-31 VT Final Accounts March 2017 Mr D Lingley No description of principal activity 03700091 core:WithinOneYear 2016-01-31 03700091 core:AfterOneYear 2016-01-31 03700091 core:ShareCapital 2016-01-31 03700091 core:RetainedEarningsAccumulatedLosses 2016-01-31 03700091 2016-02-01 2017-01-31 03700091 bus:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31 03700091 bus:AuditExemptWithAccountantsReport 2016-02-01 2017-01-31 03700091 bus:Director40 2016-02-01 2017-01-31 03700091 2 2016-02-01 2017-01-31 03700091 countries:England 2016-02-01 2017-01-31 03700091 bus:FRS102 2016-02-01 2017-01-31 03700091 bus:FullAccounts 2016-02-01 2017-01-31 03700091 2017-01-31 03700091 core:WithinOneYear 2017-01-31 03700091 core:AfterOneYear 2017-01-31 03700091 core:ShareCapital 2017-01-31 03700091 core:RetainedEarningsAccumulatedLosses 2017-01-31 03700091 core:LandBuildings 2017-01-31 03700091 2016-01-31 03700091 core:LandBuildings 2016-01-31 iso4217:GBP