Company Registration No. 08423024 (England and Wales)
CHINA BUFFET (LONDON) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
CHINA BUFFET (LONDON) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CHINA BUFFET (LONDON) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
43,174
50,053
Current assets
Stocks
5,944
9,767
Debtors
29,028
20,278
Cash at bank and in hand
67,190
95,201
102,162
125,246
Creditors: amounts falling due within one year
(153,207)
(209,087)
Net current liabilities
(51,045)
(83,841)
Total assets less current liabilities
(7,871)
(33,788)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(7,872)
(33,789)
Shareholder's funds
(7,871)
(33,788)
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 November 2016
Mr C M Tang
Director
Company Registration No. 08423024
CHINA BUFFET (LONDON) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the company's shareholder and its creditors.

 

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed assets as current assets.

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover

Turnover represents amounts receivable for goods and services net of VAT.

 

1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% Reducing balance
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
CHINA BUFFET (LONDON) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015
63,030
Additions
741
At 31 July 2016
63,771
Depreciation
At 1 August 2015
12,977
Charge for the year
7,620
At 31 July 2016
20,597
Net book value
At 31 July 2016
43,174
At 31 July 2015
50,053
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
4
Ultimate parent company

The ultimate parent undertaking is Daiming Ltd.

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