Registered Number 08158631

OLIVE TREE BRASSERIE LTD

Abbreviated Accounts

31 July 2016

OLIVE TREE BRASSERIE LTD Registered Number 08158631

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 46,439 49,084
46,439 49,084
Current assets
Stocks 15,275 7,500
Debtors 10,215 2,416
Cash at bank and in hand 54,652 56,198
80,142 66,114
Prepayments and accrued income 14,340 13,303
Creditors: amounts falling due within one year (115,581) (111,283)
Net current assets (liabilities) (21,099) (31,866)
Total assets less current liabilities 25,340 17,218
Creditors: amounts falling due after more than one year (510) (14,669)
Accruals and deferred income (1,014) (1,956)
Total net assets (liabilities) 23,816 593
Capital and reserves
Called up share capital 100 100
Profit and loss account 23,716 493
Shareholders' funds 23,816 593
  • For the year ending 31 July 2016 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 2 March 2017

And signed on their behalf by:
DEAN WILSON, Director

OLIVE TREE BRASSERIE LTD Registered Number 08158631

Notes to the Abbreviated Accounts for the period ended 31 July 2016

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 15% deducing balance

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

2 Tangible fixed assets
£
Cost
At 1 August 2015 83,546
Additions 2,486
Disposals -
Revaluations -
Transfers -
At 31 July 2016 86,032
Depreciation
At 1 August 2015 34,462
Charge for the year 5,131
On disposals -
At 31 July 2016 39,593
Net book values
At 31 July 2016 46,439
At 31 July 2015 49,084

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.