BITE_FOOD_FESTIVALS_(EVEN - Accounts

BITE ACCESS LIMITED - Company Information

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Company Registration No. 02830569 (England and Wales)

BITE FOOD FESTIVALS (EVENTS & CONSULTANCY) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

BITE FOOD FESTIVALS (EVENTS & CONSULTANCY) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BITE FOOD FESTIVALS (EVENTS & CONSULTANCY) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

2,100

2,806

Current assets

Debtors

10,000

Cash at bank and in hand

3,840

2,370

13,840

12,370

Creditors: amounts falling due within one year

(50,160)

(27,952)

Net current liabilities

(36,320)

(15,582)

Total assets less current liabilities

(34,220)

(12,776)

Provisions for liabilities

(432)

(34,652)

(13,208)

Capital and reserves

Called up share capital

600

Profit and loss account

(35,252)

(13,808)

Shareholders' funds

(34,652)

(13,208)

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have 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 and authorised for issue on 27 March 2015

R M P Sheppard

Director

Company Registration No. 02830569

BITE FOOD FESTIVALS (EVENTS & CONSULTANCY) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company is dependent on the continued support of its director who will meet the liabilities as they fall due. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the director.

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 and trade discounts.

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:

Computer equipment

33% Reducing Balance

Fixtures, fittings & equipment

15% Reducing Balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 July 2013 & at 30 June 2014

10,912

Depreciation

At 1 July 2013

8,107

Charge for the year

705

At 30 June 2014

8,812

Net book value

At 30 June 2014

2,100

At 30 June 2013

2,806

BITE FOOD FESTIVALS (EVENTS & CONSULTANCY) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

250 A Non Voting Ordinary shares of £1 each

250

250 B Non Voting Ordinary shares of £1 each

250

600