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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
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Happy Star Takeaway Ltd Company Information for the year ended 31 March 2018
Director
Mr Mao Ji Shou
Company Number
10021950 (England and Wales)
Registered Office
103 Canterbury Road Hawkinge CT18 7BS United Kingdom
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Happy Star Takeaway Ltd Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
24,000 
27,000 
Tangible assets
5
5,361 
7,148 
29,361 
34,148 
Current assets
Inventories
6
1,500 
1,250 
Debtors
7
1,882 
800 
Cash at bank and in hand
2,567 
2,797 
5,949 
4,847 
Creditors: amounts falling due within one year
8
(34,288)
(39,382)
Net current liabilities
(28,339)
(34,535)
Net assets/(liabilities)
1,022 
(387)
Capital and reserves
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
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Happy Star Takeaway Ltd Notes to the Accounts for the year ended 31 March 2018
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and lease premium) are included at cost less accumulated amortisation.
Goodwill
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.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2017
18,500 
11,500 
30,000 
At 31 March 2018
18,500 
11,500 
30,000 
Amortisation
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 
Net book value
At 31 March 2018
14,800 
9,200 
24,000 
At 31 March 2017
16,650 
10,350 
27,000 
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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 
Depreciation
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 
Net book value
At 31 March 2018
2,400 
2,961 
5,361 
At 31 March 2017
3,200 
3,948 
7,148 
6
Inventories
2018 
2017 
£ 
£ 
Raw materials
1,500 
1,250 
1,500 
1,250 
7
Debtors
2018 
2017 
£ 
£ 
Accrued income and prepayments
1,082 
- 
Other debtors
800 
800 
1,882 
800 
8
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
731 
1,262 
Taxes and social security
2,726 
2,691 
Loans from directors
29,317 
35,029 
Accruals
1,514 
400 
34,288 
39,382 
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).
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