Company Registration No. 05710225 (England and Wales)
DORMER PLACE RESTAURANTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
DORMER PLACE RESTAURANTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DORMER PLACE RESTAURANTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
18,871
26,770
Current assets
Stocks
16,987
17,748
Debtors
19,570
31,246
Cash at bank and in hand
44,535
38,132
81,092
87,126
Creditors: amounts falling due within one year
3
(157,768)
(175,165)
Net current liabilities
(76,676)
(88,039)
Total assets less current liabilities
(57,805)
(61,269)
Creditors: amounts falling due after more than one year
4
(9,534)
(13,924)
(67,339)
(75,193)
Capital and reserves
Called up share capital
5
100
100
Share premium account
79,901
79,901
Profit and loss account
(147,340)
(155,194)
Shareholders' funds
(67,339)
(75,193)
For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 November 2016
Mr Peter Knibb
Director
Company Registration No. 05710225
DORMER PLACE RESTAURANTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company is showing a deficiency of assets at the balance sheet date. The director considers the company will generate profits in the foreseeable future and therefore with his continued financial support feels it is appropriate to prepare these accounts on a going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
33% reducing balance
Fixtures, fittings & equipment
33% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015 & at 29 February 2016
98,486
Depreciation
At 1 March 2015
71,716
Charge for the year
7,899
At 29 February 2016
79,615
Net book value
At 29 February 2016
18,871
At 28 February 2015
26,770
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £5,575 (2015 - £5,094).
DORMER PLACE RESTAURANTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 3 -
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £9,534 (2015 - £13,924).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100