Biofresh UK Limited - Limited company - abbreviated

REGISTERED NUMBER: 06704327 (England and Wales)

BIOFRESH UK LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K M McDermott

Mrs C McDermott

REGISTERED OFFICE:

35 Shrubbery Close

Fareham

Hampshire

PO16 9BX

REGISTERED NUMBER:

06704327 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Intangible assets

2

4,800

6,000

Tangible assets

3

7,599

869

12,399

6,869

CURRENT ASSETS

Stocks

2,560

820

Debtors

9,813

15,859

Cash at bank

16,126

14,292

28,499

30,971

CREDITORS

Amounts falling due within one year

4

22,164

22,644

NET CURRENT ASSETS

6,335

8,327

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,734

15,196

CREDITORS

Amounts falling due after more than one
year

4

(6,238

)

-

PROVISIONS FOR LIABILITIES

(1,520

)

(174

)

NET ASSETS

10,976

15,022

CAPITAL AND RESERVES

Called up share capital

5

10

Profit and loss account

10,966

15,012

SHAREHOLDERS' FUNDS

10,976

15,022

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 12 May 2015 and were signed on its behalf
by:

K M McDermott - 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 sales of services for the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

12,000

AMORTISATION

At 1 October 2013

6,000

Amortisation for year

1,200

At 30 September 2014

7,200

NET BOOK VALUE

At 30 September 2014

4,800

At 30 September 2013

6,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

1,745

Additions

9,449

Disposals

(142

)

At 30 September 2014

11,052

DEPRECIATION

At 1 October 2013

876

Charge for year

2,719

Eliminated on disposal

(142

)

At 30 September 2014

3,453

NET BOOK VALUE

At 30 September 2014

7,599

At 30 September 2013

869

4.

CREDITORS

Creditors include an amount of £ 8,896 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

10

Ordinary

£1

10

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2013 - £20,000) were paid to the directors .

K M McDermott

2014

2013

£

Amount due to related party at the balance sheet date

12,193

11,253

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, Mr K M McDermott and Mrs C McDermott, who jointly own the

entire share capital.

Biofresh UK Limited - Limited company - abbreviated - 11.6

Biofresh UK Limited - Limited company - abbreviated - 11.6