Mealshop Limited - Limited company - abbreviated

REGISTERED NUMBER: 03973890 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2015

for

Mealshop Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J A Ross

G M Blakeley

SECRETARY:

J A Ross

REGISTERED OFFICE:

2 Finedon Sidings Industrial Estate

Furnace Lane

Finedon

Wellingborough

Northamptonshire

NN5 9NY

REGISTERED NUMBER:

03973890 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Regency House

3 Albion Place

Northampton

Northants

NN1 1UD

FIXED ASSETS

Intangible assets

2

200,000

205,000

Tangible assets

3

57,446

72,048

257,446

277,048

CURRENT ASSETS

Stocks

49,979

39,925

Debtors

4,938

7,833

Cash at bank and in hand

200,197

148,963

255,114

196,721

CREDITORS

Amounts falling due within one year

162,635

130,222

NET CURRENT ASSETS

92,479

66,499

TOTAL ASSETS LESS CURRENT
LIABILITIES

349,925

343,547

PROVISIONS FOR LIABILITIES

11,152

12,738

NET ASSETS

338,773

330,809

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

338,673

330,709

SHAREHOLDERS' FUNDS

338,773

330,809

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 1 July 2015 and were signed on its behalf by:

G M Blakeley - 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 a business in 2005, is being amortised evenly over its estimated useful life of fifty 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

-

20% on cost

Motor vehicles

-

25% on cost

Office equipment and fittings

-

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

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

250,000

AMORTISATION

At 1 April 2014

45,000

Amortisation for year

5,000

At 31 March 2015

50,000

NET BOOK VALUE

At 31 March 2015

200,000

At 31 March 2014

205,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

262,002

Additions

18,552

Disposals

(15,008

)

At 31 March 2015

265,546

DEPRECIATION

At 1 April 2014

189,954

Charge for year

33,154

Eliminated on disposal

(15,008

)

At 31 March 2015

208,100

NET BOOK VALUE

At 31 March 2015

57,446

At 31 March 2014

72,048

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

100

Ordinary

£1

100

Mealshop Limited - Limited company - abbreviated - 11.6

Mealshop Limited - Limited company - abbreviated - 11.6