License To Chill Foods Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06571900 (England and Wales)

Abbreviated Accounts for the Period 1 January 2014 to 30 June 2015

for

License To Chill Foods Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr S P License

Mr R E License

REGISTERED OFFICE:

Unit 34

Station Road Industrial Estate

Hailsham

East Sussex

BN27 2EY

REGISTERED NUMBER:

06571900 (England and Wales)

ACCOUNTANTS:

Keepers Accountancy Ltd

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

FIXED ASSETS

Intangible assets

2

114,480

-

Tangible assets

3

176,983

-

291,463

-

CURRENT ASSETS

Stocks

34,346

-

Debtors

340,502

1,000

Cash at bank

6,561

-

381,409

1,000

CREDITORS

Amounts falling due within one year

669,777

-

NET CURRENT (LIABILITIES)/ASSETS

(288,368

)

1,000

TOTAL ASSETS LESS CURRENT LIABILITIES

3,095

1,000

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

2,095

-

SHAREHOLDERS' FUNDS

3,095

1,000

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 29 April 2016 and were signed on its behalf by:

Mr R E License - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

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

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

120,480

Disposals

(6,000

)

At 30 June 2015

114,480

NET BOOK VALUE

At 30 June 2015

114,480

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

236,571

At 30 June 2015

236,571

DEPRECIATION

Charge for period

59,588

At 30 June 2015

59,588

NET BOOK VALUE

At 30 June 2015

176,983

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

31.12.13

value:

£

£

1,000

Ordinary

1

1,000

1,000