Country Fresh Produce Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09180572 (England and Wales)

Abbreviated Unaudited Accounts

for the period

18th August 2014 to 30th September 2015

for

Country Fresh Produce Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P Coxhead

Mr P J Coxhead

Mr D C Coxhead

Mr D T Coxhead

Mrs T Coxhead

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

09180572 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Intangible assets

2

342,000

Tangible assets

3

822,122

1,164,122

CURRENT ASSETS

Stocks

18,550

Debtors

239,603

Cash in hand

434

258,587

CREDITORS

Amounts falling due within one year

4

465,310

NET CURRENT LIABILITIES

(206,723

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

957,399

CREDITORS

Amounts falling due after more than one
year

4

(906,406

)

PROVISIONS FOR LIABILITIES

(26,521

)

NET ASSETS

24,472

CAPITAL AND RESERVES

Called up share capital

5

600

Profit and loss account

23,872

SHAREHOLDERS' FUNDS

24,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7th April 2016 and were signed on its behalf by:

Mr P Coxhead - Director

Mr P J Coxhead - Director

Mr D T Coxhead - Director

Mr D C Coxhead - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Greenhouses

-

Straight line over 20 years

Plant and machinery

-

Straight line over 7 years

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

360,000

At 30th September 2015

360,000

AMORTISATION

Amortisation for period

18,000

At 30th September 2015

18,000

NET BOOK VALUE

At 30th September 2015

342,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

981,026

Disposals

(44,000

)

At 30th September 2015

937,026

DEPRECIATION

Charge for period

114,904

At 30th September 2015

114,904

NET BOOK VALUE

At 30th September 2015

822,122

4.

CREDITORS

Creditors include an amount of £ 417,572 for which security has been given.

They also include the following debts falling due in more than five years:

£

Repayable by instalments

153,607

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

320

Ordinary A

£1

320

200

Ordinary B

£1

200

40

Ordinary C

£1

40

Ordinary D

£1

40

600

The following shares were issued during the period for cash at par :

60 Ordinary shares of £1

260 Ordinary A shares of £1

200 Ordinary B shares of £1

40 Ordinary C shares of £1

The 60 ordinary shares of £1 each were converted to ordinary A shares of £1 each on 1 October 2014.