Registered Number 08158631

OLIVE TREE BRASSERIE LTD

Abbreviated Accounts

31 July 2013

OLIVE TREE BRASSERIE LTD Registered Number 08158631

Abbreviated Balance Sheet as at 31 July 2013

Notes 2013
£
Fixed assets
Tangible assets 2 37,853
37,853
Current assets
Stocks 4,850
Debtors 35,795
Cash at bank and in hand 52,777
93,422
Creditors: amounts falling due within one year (62,582)
Net current assets (liabilities) 30,840
Total assets less current liabilities 68,693
Total net assets (liabilities) 68,693
Capital and reserves
Called up share capital 100
Profit and loss account 68,593
Shareholders' funds 68,693
  • For the year ending 31 July 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 December 2013

And signed on their behalf by:
Stuart Wilson, Director

OLIVE TREE BRASSERIE LTD Registered Number 08158631

Notes to the Abbreviated Accounts for the period ended 31 July 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2 Tangible fixed assets
£
Cost
Additions 60,510
Disposals -
Revaluations -
Transfers -
At 31 July 2013 60,510
Depreciation
Charge for the year 22,657
On disposals -
At 31 July 2013 22,657
Net book values
At 31 July 2013 37,853

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