REGISTERED NUMBER: SC358978 (Scotland)

ABC Fife Limited

Abbreviated Unaudited Accounts

for the Period 1 June 2015 to 23 July 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs Y Y Fong

SECRETARY:

Whitelaw Wells

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

EH3 6AT

REGISTERED NUMBER:

SC358978 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

EH3 6AT

BANKERS:

Bank of Scotland

Carberry Road

Mitchelston

Kirkcaldy

Fife

KY1 3PA

FIXED ASSETS

Tangible assets

2

-

30

CURRENT ASSETS

Stocks

-

2,205

Debtors

-

1,050

Cash at bank and in hand

17,121

39,313

17,121

42,568

CREDITORS

Amounts falling due within one year

17,006

37,490

NET CURRENT ASSETS

115

5,078

TOTAL ASSETS LESS CURRENT LIABILITIES

115

5,108

PROVISIONS FOR LIABILITIES

-

6

NET ASSETS

115

5,102

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

15

5,002

SHAREHOLDERS' FUNDS

115

5,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 23 July 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 23 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 December 2016 and were signed by:

Mrs Y Y Fong - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company has ceased trading and therefore the accounts have been prepared on a break-up

basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover and revenue recognition

Turnover, which represents invoiced sales of goods, is recognised at the point when a meal is

served or delivered to the customer.

Tangible fixed assets

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

Kitchen equipment

-

25% on cost

Fixtures and fittings

-

20% on cost

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 where transactions or events have occurred at that date that will result in

an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more

likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

1,539

Additions

660

Disposals

(2,199

)

At 23 July 2016

-

DEPRECIATION

At 1 June 2015

1,509

Eliminated on disposal

(1,509

)

At 23 July 2016

-

NET BOOK VALUE

At 23 July 2016

-

At 31 May 2015

30

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100