Keen Meadows Foods Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02605093 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2014

for

Keen Meadows Foods Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr K J Keen

Mr D C Parsons

REGISTERED OFFICE:

4 Cedar Park

Cobham Road

Ferndown Industrial Estate

Wimborne

Dorset

BH21 7SF

REGISTERED NUMBER:

02605093 (England and Wales)

ACCOUNTANTS:

Ward Goodman

4 Cedar Park

Cobham Road

Ferndown Industrial Estate

Wimborne

Dorset

BH21 7SF

FIXED ASSETS

Tangible assets

2

80,751

62,711

CURRENT ASSETS

Stocks

262,604

390,714

Debtors

824,765

1,174,870

Cash at bank and in hand

489,238

270,879

1,576,607

1,836,463

CREDITORS

Amounts falling due within one year

558,694

817,771

NET CURRENT ASSETS

1,017,913

1,018,692

TOTAL ASSETS LESS CURRENT LIABILITIES

1,098,664

1,081,403

PROVISIONS FOR LIABILITIES

-

1,083

NET ASSETS

1,098,664

1,080,320

CAPITAL AND RESERVES

Called up share capital

3

10,000

10,000

Profit and loss account

1,088,664

1,070,320

SHAREHOLDERS' FUNDS

1,098,664

1,080,320

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 26 May 2015 and were signed on its behalf by:

Mr K J Keen - 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.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

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.

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.

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.

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.

At the year end, contributions totalling £259 (2013: £653) were outstanding.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

160,390

Additions

71,166

Disposals

(48,850

)

At 30 November 2014

182,706

DEPRECIATION

At 1 December 2013

97,679

Charge for year

24,056

Eliminated on disposal

(19,780

)

At 30 November 2014

101,955

NET BOOK VALUE

At 30 November 2014

80,751

At 30 November 2013

62,711

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10,000

Ordinary

£1

10,000

10,000

4.	ULTIMATE PARENT COMPANY

The immediate parent undertaking is Keen Meadows Limited and the ultimate parent company is Keen Meadows

(Holdings) Limited.