Abbreviated Company Accounts - NEWBOURNE FARM SHOP LTD

Abbreviated Company Accounts - NEWBOURNE FARM SHOP LTD

NEWBOURNE FARM SHOP LTD - Company Information

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Registered Number 08978013

NEWBOURNE FARM SHOP LTD

Abbreviated Accounts

30 April 2015

NEWBOURNE FARM SHOP LTD Registered Number 08978013

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015
£
Fixed assets
Tangible assets 2 18,548
18,548
Current assets
Stocks 3,570
Debtors 2,140
Cash at bank and in hand 1,907
7,617
Creditors: amounts falling due within one year (30,742)
Net current assets (liabilities) (23,125)
Total assets less current liabilities (4,577)
Total net assets (liabilities) (4,577)
Capital and reserves
Called up share capital 100
Profit and loss account (4,677)
Shareholders' funds (4,577)
  • For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their 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.

Approved by the Board on 4 January 2016

And signed on their behalf by:
P Finch, Director

NEWBOURNE FARM SHOP LTD Registered Number 08978013

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from provisions of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off cost less residual value of each asset over its expected useful life, as follows:
Plant & Machinery - 25% Reducing Balance
Fixtures & Fittings - 25% Reducing Balance
Motor Vehicles - 25% Reducing Balance

Other accounting policies
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

2Tangible fixed assets
£
Cost
Additions 25,422
Disposals -
Revaluations -
Transfers -
At 30 April 2015 25,422
Depreciation
Charge for the year 6,874
On disposals -
At 30 April 2015 6,874
Net book values
At 30 April 2015 18,548