FLEET_SAUCE_LIMITED - Accounts

FLEET SAUCE LIMITED - Company Information

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Company Registration No. 07281366 (England and Wales)

FLEET SAUCE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FLEET SAUCE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FLEET SAUCE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

9,576

7,287

Current assets

Debtors

64,149

55,587

64,149

55,587

Creditors: amounts falling due within one year

(51,447)

(66,175)

Net current assets/(liabilities)

12,702

(10,588)

Total assets less current liabilities

22,278

(3,301)

Provisions for liabilities

(458)

21,820

(3,301)

Capital and reserves

Called up share capital

Profit and loss account

21,819

(3,302)

Shareholders' funds / (deficiency)

21,820

(3,301)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 September 2015

R A D Stokes-Boreham

R D Griffith

Director

Company Registration No. 07281366

FLEET SAUCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services provided prior to the balance sheet date, net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

10% per annum reducing balance basis

Fixed assets

Tangible assets

Cost

At 1 January 2014

10,960

Additions

3,353

At 31 December 2014

14,313

Depreciation

At 1 January 2014

3,673

Charge for the year

1,064

At 31 December 2014

4,737

Net book value

At 31 December 2014

9,576

At 31 December 2013

7,287

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £8,073 (2013 - £19,440).

FLEET SAUCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary share of £1 each

Ultimate parent company

The ultimate parent company is Simply Equated Limited, a company registered in Isle of Man, which is exempt from the requirement to prepare group accounts.