Company Registration No. 08688467 (England and Wales)
THE APPLE TREE TEAROOMS LTD
Unaudited accounts
for the year ended 31 October 2017
THE APPLE TREE TEAROOMS LTD
Unaudited accounts
Contents
THE APPLE TREE TEAROOMS LTD
Company Information
for the year ended 31 October 2017
Directors
Barbara Groves
Jolyon Groves
Company Number
08688467 (England and Wales)
Registered Office
5A OLD SQUARE
WARWICK
WARWICKSHIRE
CV34 4RA
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
THE APPLE TREE TEAROOMS LTD
Statement of financial position
as at
31 October 2017
Intangible assets
6,388
8,517
Tangible assets
6,729
8,506
Cash at bank and in hand
32,008
29,657
Creditors: amounts falling due within one year
(69,773)
(70,047)
Net current liabilities
(34,429)
(37,371)
Net liabilities
(21,312)
(20,348)
Called up share capital
10
10
Profit and loss account
(21,322)
(20,358)
Shareholders' funds
(21,312)
(20,348)
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 July 2018.
Jolyon Groves
Director
Company Registration No. 08688467
THE APPLE TREE TEAROOMS LTD
Notes to the Accounts
for the year ended 31 October 2017
THE APPLE TREE TEAROOMS LTD is a private company, limited by shares, registered in England and Wales, registration number 08688467. The registered office is 5A OLD SQUARE, WARWICK, WARWICKSHIRE, CV34 4RA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% Reducing Balance
Plant & machinery
25% Reducing Balance
THE APPLE TREE TEAROOMS LTD
Notes to the Accounts
for the year ended 31 October 2017
4
Intangible fixed assets
Other
At 1 November 2016
25,299
At 31 October 2017
25,299
At 1 November 2016
16,782
Charge for the year
2,129
At 31 October 2017
18,911
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2016
8,344
10,991
19,335
At 31 October 2017
8,344
11,457
19,801
At 1 November 2016
4,824
6,005
10,829
Charge for the year
880
1,363
2,243
At 31 October 2017
5,704
7,368
13,072
At 31 October 2017
2,640
4,089
6,729
At 31 October 2016
3,520
4,986
8,506
Finished goods
2,500
2,500
Accrued income and prepayments
519
519
THE APPLE TREE TEAROOMS LTD
Notes to the Accounts
for the year ended 31 October 2017
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
3,483
1,200
Other creditors
66,290
68,847
9
Share capital
2017
2016
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
10
Transactions with related parties
During the year, the company repaid £2557 to a member of key management personnel. At the balance sheet date, the outstanding balance of the loan was £66290 and is presented within creditors: amounts falling due within one year. The loan is to be repaid on demand and interest-free.
11
Average number of employees
During the year the average number of employees was 2 (2016: 2).