Freshco Savouries Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08350318

Abbreviated Accounts for the Period 7 January 2013 to 31 March 2014

for

Freshco Savouries Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr Atul Somchand Shah

SECRETARY:

Mrs Smita Atul Shah

REGISTERED OFFICE:

29 Portland Drive

Chesthunt

Hertfordshire

EN7 5DG

REGISTERED NUMBER:

08350318

ACCOUNTANTS:

Capitax Financial Limited

Devonshire House

582 Honeypot Lane

Stanmore

Middlesex

HA7 1JS

FIXED ASSETS

Intangible assets

2

22,500

Tangible assets

3

10,154

32,654

CURRENT ASSETS

Stocks

14,461

Debtors

33,742

Cash at bank and in hand

22,782

70,985

CREDITORS

Amounts falling due within one year

67,951

NET CURRENT ASSETS

3,034

TOTAL ASSETS LESS CURRENT LIABILITIES

35,688

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

34,688

SHAREHOLDERS' FUNDS

35,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 19 August 2014 and were signed by:

Mr Atul Somchand Shah - 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 2013, 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 etc

-

18% 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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

25,000

At 31 March 2014

25,000

AMORTISATION

Amortisation for period

2,500

At 31 March 2014

2,500

NET BOOK VALUE

At 31 March 2014

22,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

12,382

At 31 March 2014

12,382

DEPRECIATION

Charge for period

2,228

At 31 March 2014

2,228

NET BOOK VALUE

At 31 March 2014

10,154

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary

£1

1,000