Middleton Foods Limited - Period Ending 2015-09-30

Registration number: 08768168

Middleton Foods Limited

Unaudited Abbreviated Accounts

for the Period from 1 December 2014 to 30 September 2015

 

Kilburn Clark Ltd
Accountants ( Chartered Certified) & Business Consultants
4 Woodlea Drive
Meanwood
Leeds
LS6 4SQ

Middleton Foods Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Middleton Foods Limited
for the Period Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Middleton Foods Limited for the period ended 30 September 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Middleton Foods Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Middleton Foods Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Middleton Foods Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Middleton Foods Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Middleton Foods Limited. You consider that Middleton Foods Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Middleton Foods Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Kilburn Clark Ltd
Accountants ( Chartered Certified) & Business Consultants
4 Woodlea Drive
Meanwood
Leeds
LS6 4SQ

27 January 2016

Page 1

Middleton Foods Limited
(Registration number: 08768168)
Abbreviated Balance Sheet at 30 September 2015

		Note			30 September 2015 £			30 November 2014 £
Fixed assets
Tangible fixed assets					132,553			145,942
Current assets
Stocks					2,552			271
Debtors					8,188			(3,720)
Cash at bank and in hand					16,816			17,805
					27,556			14,356
Creditors: Amounts falling due within one year					(38,073)			(36,472)
Net current liabilities					(10,517)			(22,116)
Total assets less current liabilities					122,036			123,826
Creditors: Amounts falling due after more than one year					(121,000)			(134,750)
Net assets/(liabilities)					1,036			(10,924)
Capital and reserves
Called up share capital		4			100			-
Profit and loss account					936			(10,924)
Shareholders' funds/(deficit)					1,036			(10,924)

For the year ending 30 September 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 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 .

Approved by the director on 27 January 2016

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Middleton Foods Limited
(Registration number: 08768168)
Abbreviated Balance Sheet at 30 September 2015
......... continued

.........................................
Mr Gary Reid
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Middleton Foods Limited
Notes to the Abbreviated Accounts for the Period from 1 December 2014 to 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	10% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Middleton Foods Limited
Notes to the Abbreviated Accounts for the Period from 1 December 2014 to 30 September 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2014		160,670			160,670
At 30 September 2015		160,670			160,670
Depreciation
At 1 December 2014		14,728			14,728
Charge for the period		13,389			13,389
At 30 September 2015		28,117			28,117
Net book value
At 30 September 2015		132,553			132,553
At 30 November 2014		145,942			145,942

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		30 September 2015 £			30 November 2014 £
After more than five years by instalments		55,000			68,750

4	Share capital

Allotted, called up and fully paid shares

	30 September 2015						30 November 2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 5