Company Registration No. 06483106 (England and Wales)
NACIONAL RESTAURANT & TAPAS BARS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2015
NACIONAL RESTAURANT & TAPAS BARS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
NACIONAL RESTAURANT & TAPAS BARS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2015
31 January 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
71,063
40,569
Current assets
Stocks
2,450
2,125
Debtors
10,659
4,009
Cash at bank and in hand
6,728
4,162
19,837
10,296
Creditors: amounts falling due within one year
(51,689)
(49,459)
Net current liabilities
(31,852)
(39,163)
Total assets less current liabilities
39,211
1,406
Creditors: amounts falling due after more than one year
(39,164)
47
1,406
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
45
1,404
Shareholders' funds
47
1,406
For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 26 October 2015
A Gomes
Director
Company Registration No. 06483106
NACIONAL RESTAURANT & TAPAS BARS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015
- 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 April 2008).
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:
Land and buildings Leasehold
5% on cost
Fixtures, fittings & equipment
15% on net book value
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2014
47,084
Additions
37,841
At 31 January 2015
84,925
Depreciation
At 1 February 2014
6,515
Charge for the year
7,347
At 31 January 2015
13,862
Net book value
At 31 January 2015
71,063
At 31 January 2014
40,569
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2