Sow & Pigs Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05438069 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Sow & Pigs Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs J Coyle

M Coyle

SECRETARY:

M Coyle

REGISTERED OFFICE:

Cambridge Road

Thundridge

Ware

Hertfordshire

SG12 0ST

REGISTERED NUMBER:

05438069 (England and Wales)

ACCOUNTANTS:

Godfrey Laws & Co Limited

69 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Tangible assets

2

68,805

82,664

Investments

3

41,618

41,618

110,423

124,282

CURRENT ASSETS

Stocks

8,543

9,353

Debtors

48,682

35,621

Cash at bank and in hand

18,138

23,765

75,363

68,739

CREDITORS

Amounts falling due within one year

172,943

183,786

NET CURRENT LIABILITIES

(97,580

)

(115,047

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,843

9,235

PROVISIONS FOR LIABILITIES

10,000

6,364

NET ASSETS

2,843

2,871

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

1,843

1,871

SHAREHOLDERS' FUNDS

2,843

2,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 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 Board of Directors on 13 March 2015 and were signed on its behalf by:

Mrs J Coyle - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents sales of wet stock and food, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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.

Hire purchase and leasing commitments

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

183,372

Additions

3,427

At 30 April 2014

186,799

DEPRECIATION

At 1 May 2013

100,708

Charge for year

17,286

At 30 April 2014

117,994

NET BOOK VALUE

At 30 April 2014

68,805

At 30 April 2013

82,664

3.	FIXED ASSET INVESTMENTS

Loans

£

At 1 May 2013

and 30 April 2014

41,618

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

1,000

Ordinary £1

£1

1,000

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2014 and

30 April 2013:

30.4.14

30.4.13

£

£

Mrs J Coyle

Balance outstanding at start of year

(20,769

)

(48,598

)

Amounts advanced

64,906

51,579

Amounts repaid

(37,520

)

(23,750

)

Balance outstanding at end of year

6,617

(20,769

)

M Coyle

Balance outstanding at start of year

(20,769

)

(48,598

)

Amounts advanced

64,906

51,579

Amounts repaid

(37,520

)

(23,750

)

Balance outstanding at end of year

6,617

(20,769

)

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Coyle and Mrs J Coyle by virtue of their shareholdings.