Company Registration No. 10021950 (England and Wales)
Happy Star Takeaway Ltd
Unaudited accounts
for the year ended 31 March 2018
Happy Star Takeaway Ltd
Unaudited accounts
Contents
Happy Star Takeaway Ltd
Company Information
for the year ended 31 March 2018
Company Number
10021950 (England and Wales)
Registered Office
103 Canterbury Road
Hawkinge
CT18 7BS
United Kingdom
Happy Star Takeaway Ltd
Statement of financial position
as at 31 March 2018
Intangible assets
24,000
27,000
Tangible assets
5,361
7,148
Cash at bank and in hand
2,567
2,797
Creditors: amounts falling due within one year
(34,288)
(39,382)
Net current liabilities
(28,339)
(34,535)
Net assets/(liabilities)
1,022
(387)
Called up share capital
1
1
Profit and loss account
1,021
(388)
Shareholders' funds
1,022
(387)
For the year ending 31 March 2018 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 director acknowledges his 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 28 August 2018.
Mr Mao Ji Shou
Director
Company Registration No. 10021950
Happy Star Takeaway Ltd
Notes to the Accounts
for the year ended 31 March 2018
Happy Star Takeaway Ltd is a private company, limited by shares, registered in England and Wales, registration number 10021950. The registered office is 103 Canterbury Road, Hawkinge, CT18 7BS, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Fixtures & fittings
20% on cost
Intangible fixed assets (including purchased goodwill and lease premium) are included at cost less accumulated amortisation.
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.
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Intangible fixed assets
Goodwill
Other
Total
At 1 April 2017
18,500
11,500
30,000
At 31 March 2018
18,500
11,500
30,000
At 1 April 2017
1,850
1,150
3,000
Charge for the year
1,850
1,150
3,000
At 31 March 2018
3,700
2,300
6,000
At 31 March 2018
14,800
9,200
24,000
At 31 March 2017
16,650
10,350
27,000
Happy Star Takeaway Ltd
Notes to the Accounts
for the year ended 31 March 2018
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2017
4,000
4,935
8,935
At 31 March 2018
4,000
4,935
8,935
At 1 April 2017
800
987
1,787
Charge for the year
800
987
1,787
At 31 March 2018
1,600
1,974
3,574
At 31 March 2018
2,400
2,961
5,361
At 31 March 2017
3,200
3,948
7,148
Accrued income and prepayments
1,082
-
8
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
2,726
2,691
Loans from directors
29,317
35,029
9
Transactions with related parties
Included in the other creditors is an amount of £29,317 (2017: £35,029) owed by the company to the director Mr Mao Ji Shou, a sole director and 100% shareholder of the company.
10
Average number of employees
During the year the average number of employees was 3 (2017: 4).