Abbreviated Company Accounts - LOAF FOOD LIMITED

07645089 LOAF FOOD LIMITED 2016-02-29 false 2015-06-01 2016-02-29 true 07645089 2015-06-01 2016-02-29 07645089 2016-02-29 07645089 2015-05-31 07645089 uk-gaap-cd-bus:Director1 2015-06-01 2016-02-29 07645089 uk-gaap-cd-bus:Director2 2015-06-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass2 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-31 iso4217:GBP shares

Registered Number 07645089

LOAF FOOD LIMITED

Abbreviated Accounts

29 February 2016

LOAF FOOD LIMITED Registered Number 07645089

Abbreviated Balance Sheet as at 29 February 2016

	Notes	29/02/2016	31/05/2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	-	88,942
Investments		-	-
		-	88,942
Current assets
Stocks		-	2,422
Debtors		72,048	115,545
Investments		-	-
Cash at bank and in hand		13,474	12,791
		85,522	130,758
Creditors: amounts falling due within one year		(475)	(93,603)
Net current assets (liabilities)		85,047	37,155
Total assets less current liabilities		85,047	126,097
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		85,047	126,097
Capital and reserves
Called up share capital	3	225,001	225,001
Profit and loss account		(139,954)	(98,904)
Shareholders' funds		85,047	126,097

For the year ending 29 February 2016 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 directors acknowledge their 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 Board on 4 May 2016

And signed on their behalf by:
Michael Anthony Gallagher, Director

LOAF FOOD LIMITED Registered Number 07645089

Notes to the Abbreviated Accounts for the period ended 29 February 2016

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 comprises revenue recognised by the company in respect of goods and services supplied
during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Long-term leasehold property - Over 10 years

Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Fixtures and fittings - 25% on cost
Office equipment - 25% on cost

2Tangible fixed assets

	£
Cost
At 1 June 2015	166,958
Additions	-
Disposals	(166,958)
Revaluations	-
Transfers	-
At 29 February 2016	0
Depreciation
At 1 June 2015	78,016
Charge for the year	21,260
On disposals	(99,276)
At 29 February 2016	0
Net book values
At 29 February 2016	0
At 31 May 2015	88,942

3Called Up Share Capital
Allotted, called up and fully paid:

	29/02/2016 £	31/05/2015 £
175,001 Ordinary shares of £1 each	175,001	175,001
5,000,000 A Ordinary shares of £0.01 each (500,000 shares for 31/05/2015)	50,000	5,000