Out of Eden Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03178081

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

OUT OF EDEN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N I Hartley

Mrs J A Hartley

C Wheatley MBA, BA(Hons).

J Andrew BSc FCA

SECRETARY:

N I Hartley

REGISTERED OFFICE:

Home Farm Buildings

Home Farm

Kirkby Stephen

Cumbria

CA17 4AP

REGISTERED NUMBER:

03178081

ACCOUNTANT:

John Andrew

Chartered Accountant

17-19 Market Street

KIRKBY STEPHEN

Cumbria

CA17 4QS

BANKERS:

Barclays Bank plc

Barclays House

Oxenholme Road

Kendal

Cumbria

LA9 7RL

FIXED ASSETS

Intangible assets

2

16,855

18,678

Tangible assets

3

162,722

1,574,881

179,577

1,593,559

CURRENT ASSETS

Stocks

781,413

696,108

Debtors

1,240,491

293,708

Cash at bank and in hand

1,346,369

984,288

3,368,273

1,974,104

CREDITORS

Amounts falling due within one year

4

660,390

665,080

NET CURRENT ASSETS

2,707,883

1,309,024

TOTAL ASSETS LESS CURRENT LIABILITIES

2,887,460

2,902,583

CREDITORS

Amounts falling due after more than one year

4

(180,000

)

(210,000

)

PROVISIONS FOR LIABILITIES

(68,855

)

(64,683

)

NET ASSETS

2,638,605

2,627,900

CAPITAL AND RESERVES

Called up share capital

5

5,942

5,739

Share premium

106,277

75,956

Profit and loss account

2,526,386

2,546,205

SHAREHOLDERS' FUNDS

2,638,605

2,627,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 19 August 2014 and were signed on its behalf by:

N I Hartley - Director

Mrs J A Hartley - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in the years 2000 and 2009, is

being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Short leasehold

-

in accordance with the property

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

36,450

AMORTISATION

At 1 December 2012

17,772

Amortisation for year

1,823

At 30 November 2013

19,595

NET BOOK VALUE

At 30 November 2013

16,855

At 30 November 2012

18,678

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

2,113,922

Additions

43,302

Disposals

(1,583,051

)

At 30 November 2013

574,173

DEPRECIATION

At 1 December 2012

539,041

Charge for year

42,486

Eliminated on disposal

(170,076

)

At 30 November 2013

411,451

NET BOOK VALUE

At 30 November 2013

162,722

At 30 November 2012

1,574,881

4.

CREDITORS

Creditors include an amount of £ 210,000 (30/11/12 - £ 240,000 ) for which security has been given.

They also include the following debts falling due in more than five years:

30/11/13

30/11/12

£

£

Repayable by instalments

30,000

60,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/13

30/11/12

value:

£

£

10,000

Ordinary Class 1

50p

5,000

5,000

1,884

Non-Voting Ordinary

50p

942

739

5,942

5,739

407 Non-Voting Ordinary shares were alloted as fully paid at a premium of £74.50 per share

during the year under the terms of the directors bonus scheme.

6.	ULTIMATE PARENT COMPANY

Merrygill Limited is regarded by the directors as being the company's ultimate parent company.