Abbreviated Company Accounts - LOAF FOOD LIMITED

07645089 LOAF FOOD LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 07645089 2014-06-01 2015-05-31 07645089 2015-05-31 07645089 2014-05-31 07645089 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 07645089 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-05-31 iso4217:GBP shares

Registered Number 07645089

LOAF FOOD LIMITED

Abbreviated Accounts

31 May 2015

LOAF FOOD LIMITED Registered Number 07645089

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	88,941	117,004
Investments		-	-
		88,941	117,004
Current assets
Stocks		2,423	2,888
Debtors		63,570	57,885
Investments		-	-
Cash at bank and in hand		12,791	21,585
		78,784	82,358
Prepayments and accrued income		51,975	50,616
Creditors: amounts falling due within one year		(93,603)	(99,283)
Net current assets (liabilities)		37,156	33,691
Total assets less current liabilities		126,097	150,695
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		126,097	150,695
Capital and reserves
Called up share capital	3	225,001	225,001
Profit and loss account		(98,904)	(74,306)
Shareholders' funds		126,097	150,695

For the year ending 31 May 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 13 January 2016

And signed on their behalf by:
Michael Gallgher, Director

LOAF FOOD LIMITED Registered Number 07645089

Notes to the Abbreviated Accounts for the period ended 31 May 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
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Long-term leasehold property - Over 10 years
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Fixtures and fittings - 25% on cost
Office equipment - 25% on cost

2Tangible fixed assets

	£
Cost
At 1 June 2014	166,683
Additions	275
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	166,958
Depreciation
At 1 June 2014	49,679
Charge for the year	28,338
On disposals	-
At 31 May 2015	78,017
Net book values
At 31 May 2015	88,941
At 31 May 2014	117,004

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
175,001 Ordinary shares of £1 each	175,001	175,001
5,000,000 A Ordinary shares of £0.01 each	50,000	50,000