Collins Dairies Ltd,Ltd - Accounts

COLLINS DAIRIES LTD - Company Information

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Collins Dairies Ltd

For the year ended 28 February 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 06077248

Contents Page

Collins Dairies Ltd

For the year ended 28 February 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Accountants' Report

For the year ended 28 February 2015

Collins Dairies Ltd

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 28 February 2015 and you consider that the company is exempt from an audit under the Companies Act

2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you

to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

SPURLINGS ACCOUNTANTS LIMITED T/A SPURLING

112B HIGH ROAD

ILFORD

ESSEX

IG1 1BY

27 November 2015

Dated:

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Abbreviated Balance Sheet

Collins Dairies Ltd

As at 28 February 2015

06077248

Registered Number :

2015

Notes

2014

Fixed assets

Intangible assets

26,825

35,525

Tangible assets

45,917

35,072

72,742

70,597

Current assets

Stocks

3,275

2,975

Debtors

59,348

55,297

Cash at bank and in hand

179,163

192,640

237,435

255,263

Creditors: amounts falling due within one year

(219,928)

(220,789)

35,335

16,646

Net current assets

Total assets less current liabilities

89,388

105,932

89,388

Net assets

105,932

Capital and reserves

Called up share capital

Profit and loss account

89,387

105,931

89,388

105,932

Shareholders funds

For the year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Date approved by the board: 27 November 2015

John Parker Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

For the year ended 28 February 2015

Collins Dairies Ltd

1 Accounting Policies

Basis of accounting

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the

estimated expected useful economic life of the goodwill of 0 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles

25% Reducing balance

Fixtures and Fittings

15% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

For the year ended 28 February 2015

Collins Dairies Ltd

2 Intangible fixed assets

Cost or valuation

Intangible

fixed assets

At 01 March 2014

58,000

At 28 February 2015

Amortisation

22,475

At 01 March 2014

8,700

Charge for year

31,175

At 28 February 2015

26,825

Net Book Values

At 28 February 2015

35,525

At 28 February 2014

3 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

40,014

At 01 March 2014

14,192

Additions

At 28 February 2015

54,206

Depreciation

4,942

At 01 March 2014

3,347

Charge for year

8,289

At 28 February 2015

Net book values

At 28 February 2015

45,917

35,072

At 28 February 2014

4 Share capital

Allotted called up and fully paid

2015

2014

1 Ordinary shares of £1.00 each

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