Company Registration No. 08607113 (England and Wales)
CAFE LEVANTE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
CAFE LEVANTE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CAFE LEVANTE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
9,000
-
Tangible assets
2
20,520
-
29,520
-
Current assets
Stocks
2,150
-
Debtors
1,187
-
Cash at bank and in hand
122
100
3,459
100
Creditors: amounts falling due within one year
(36,359)
-
Net current liabilities/(assets)
(32,900)
100
Total assets less current liabilities
(3,380)
100
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(3,480)
-
Shareholder's funds
(3,380)
100
For the financial year ended 31 July 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 25 April 2016
Mr A Etemie
Director
Company Registration No. 08607113
CAFE LEVANTE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 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
Licenses
Licenses are written off in equal annual installments over its estimated useful economic life of 10 years.
1.5
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:
Fixtures, fittings & equipment
20% Reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2014
-
-
-
Additions
10,000
25,650
35,650
At 31 July 2015
10,000
25,650
35,650
Depreciation
At 1 August 2014
-
-
-
Charge for the year
1,000
5,130
6,130
At 31 July 2015
1,000
5,130
6,130
Net book value
At 31 July 2015
9,000
20,520
29,520
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100