Justingredients Limited - Period Ending 2015-12-31

Registration number: 08093077

Justingredients Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

bdhc Chartered Accountants
11 Moor Street
Chepstow
Monmouthshire
NP16 5DD

Justingredients Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Justingredients Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Justingredients Limited for the year ended 31 December 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Justingredients 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 Justingredients Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Justingredients Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Justingredients 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 loss of Justingredients Limited. You consider that Justingredients Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Justingredients 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.

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

bdhc Chartered Accountants
11 Moor Street
Chepstow
Monmouthshire
NP16 5DD

20 April 2016

Page 1

Justingredients Limited
(Registration number: 08093077)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					30,712			623
Current assets
Stocks					2,130			2,130
Debtors					156,632			82,198
Cash at bank and in hand					78,034			97,442
					236,796			181,770
Creditors: Amounts falling due within one year					(208,627)			(180,708)
Net current assets					28,169			1,062
Total assets less current liabilities					58,881			1,685
Creditors: Amounts falling due after more than one year					(214,561)			(70,207)
Net liabilities					(155,680)			(68,522)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(155,681)			(68,523)
Shareholders' deficit					(155,680)			(68,522)

For the year ending 31 December 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 20 April 2016

.........................................
Mr A P Barker
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Justingredients Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 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 January 2015).

Going concern

The financial statements have been prepared on a going concern basis. Despite net liabilities of £155,680 the director has reviewed the future cashflows of the company, and believes the going concern basis to be appropriate

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
Office equipment	25% on reducing balance basis

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Justingredients Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		831			831
Additions		130,245			130,245
Disposals		(100,000)			(100,000)
At 31 December 2015		31,076			31,076
Depreciation
At 1 January 2015		208			208
Charge for the year		156			156
At 31 December 2015		364			364
Net book value
At 31 December 2015		30,712			30,712
At 31 December 2014		623			623

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

4

Control

The company is controlled by Wye-APB Limited Justingredients Limited is a wholly owned subsidiary of Wye-APB Limited.

Page 4