Absolutely Starving (Luton) Limited - Accounts to registrar

REGISTERED NUMBER: 05200460 (England and Wales)

ABSOLUTELY STARVING (LUTON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Burgoyne

Mrs M A Burgoyne

SECRETARY:

Mrs M A Burgoyne

REGISTERED OFFICE:

Christchurch House

Upper George Street

Luton

Bedfordshire

LU1 2RS

REGISTERED NUMBER:

05200460 (England and Wales)

ACCOUNTANTS:

Keens Shay Keens Limited

Christchurch House

Upper George Street

Luton

Bedfordshire

LU1 2RS

CURRENT ASSETS

Stocks

1,142

1,370

Debtors

7

4,521

4,508

Cash at bank and in hand

2,794

2,605

8,457

8,483

CREDITORS

Amounts falling due within one year

8

8,355

8,381

NET CURRENT ASSETS

102

TOTAL ASSETS LESS CURRENT
LIABILITIES

102

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

2

SHAREHOLDERS' FUNDS

102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 1st August 2017 and were signed on its
behalf by:

Mr M J Burgoyne - Director

1.	STATUTORY INFORMATION

Absolutely Starving (Luton) Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of a sandwich shop and

catering buffets.

The company's place of business is 9 Sundon Park Parade, Luton, Bedfordshire, LU3 3BH.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year,

exclusive of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of eight years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Leasehold property

-

Straight line over 4 years

Fixtures and fittings

-

Straight line over 5 years

Motor vehicles

-

Straight line over 5 years

Equipment

-

Straight line over 5 years

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

Financial instruments

The company has chosen to adopt section 11 and 12 of FRS102 in respect of financial instruments.

Basic financial assets and liabilities, including trade and other debtors, bank balances, trade and other

creditors are recognised at amortised cost.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 7 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 31st March 2017

32,260

AMORTISATION

At 1st April 2016

and 31st March 2017

32,260

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Motor

property

fittings

vehicles

Equipment

Totals

£

COST

At 1st April 2016

and 31st March 2017

1,547

2,762

4,800

6,314

15,423

DEPRECIATION

At 1st April 2016

and 31st March 2017

1,547

2,762

4,800

6,314

15,423

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

4,074

2,889

Other debtors

447

1,619

4,521

4,508

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Taxation and social security

6,719

6,701

Other creditors

1,636

1,680

8,355

8,381

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

90

Ordinary A

£1

90

5

Ordinary B

£1

5

Ordinary C

£1

5

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2017 and

31st March 2016:

2017

2016

£

Mr M J Burgoyne and Mrs M A Burgoyne

Balance outstanding at start of year

1,205

(580

)

Amounts advanced

-

1,785

Amounts repaid

(1,205

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

1,205

11.	FIRST YEAR ADOPTION

The company transitioned from the previously extant UK GAAP to FRS 102, Section 1A as at 1st

April 2015. The transition to FRS 102, Section 1A has not affected the reported financial position

and financial performance.