Abbey Foods (North West) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07660860 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 30 June 2014 to 31 March 2015

for

Abbey Foods (North West) Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

3,625

4,000

Tangible assets

3

5,747

7,073

9,372

11,073

CURRENT ASSETS

Stocks

10,000

7,497

Debtors

9,988

7,343

19,988

14,840

CREDITORS

Amounts falling due within one year

4

46,745

87,405

NET CURRENT LIABILITIES

(26,757

)

(72,565

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,385

)

(61,492

)

CREDITORS

Amounts falling due after more than one year

114,865

69,258

NET LIABILITIES

(132,250

)

(130,750

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(132,350

)

(130,850

)

SHAREHOLDERS' FUNDS

(132,250

)

(130,750

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 16 July 2015 and were signed by:

Mrs E Minter - 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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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.

Plant and machinery

-

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 30 June 2014

and 31 March 2015

5,000

AMORTISATION

At 30 June 2014

1,000

Amortisation for period

375

At 31 March 2015

1,375

NET BOOK VALUE

At 31 March 2015

3,625

At 29 June 2014

4,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 30 June 2014

and 31 March 2015

15,124

DEPRECIATION

At 30 June 2014

8,051

Charge for period

1,326

At 31 March 2015

9,377

NET BOOK VALUE

At 31 March 2015

5,747

At 29 June 2014

7,073

4.

CREDITORS

Creditors include an amount of £ 21,012 (29.6.14 - £ 17,358 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

29.6.14

value:

£

£

100

Ordinary

£1

100

100