Abbreviated Company Accounts - APPETITE FOR LIFE LIMITED

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 represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciations is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - Straight line over 13 years
Equipment - 15% on cost
Fixtures and fittings - 15% on cost

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Pension costs and other post retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
Going concern
The company meets it's day to day working capital requirements through loans from the directors. The directors will continue to support the company until such time as the company is in a position to support it's working capital requirements.