Abbreviated Company Accounts - A & B GROCERY LTD

Abbreviated Company Accounts - A & B GROCERY LTD

A & B GROCERY LTD - Company Information

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Registered Number 07880382

A & B GROCERY LTD

Abbreviated Accounts

31 March 2015

A & B GROCERY LTD Registered Number 07880382

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
- -
Current assets
Cash at bank and in hand 7,186 20,913
7,186 20,913
Net current assets (liabilities) 7,186 20,913
Total assets less current liabilities 7,186 20,913
Total net assets (liabilities) 7,186 20,913
Capital and reserves
Called up share capital 16,474 65,358
Profit and loss account (9,288) (44,445)
Shareholders' funds 7,186 20,913
  • For the year ending 31 March 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 7 January 2016

And signed on their behalf by:
Bernardete Figueira De Jesus, Director

A & B GROCERY LTD Registered Number 07880382

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue recognized by the company in respect of goods and services supplied during the period. Exclusive of value tax trade discounts

Tangible assets depreciation policy
Depreciation is provided after taking and loss account of any grants receivable, at the following annual rates in order to write off assets over its estimated useful life. Freehold building - 2% on cost or revalue amounts, plant and machinery - 15% on cost, Fixtures and Fitting - 10 on 10% on cost, motor vehicles - 25% on cost.

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortized at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years.

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and not realisable value, after making due allowance for obsolete and slow moving items. cost include all direct expenditure and an appropriate proportion of fixed and variable overheads

Other accounting policies
Rental paid under operational leases are charged to the profit and loss account on a straight line basis over the period of the lease