CLAREMONT_INGREDIENTS_LIM - Accounts

CLAREMONT INGREDIENTS LIMITED - Company Information

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Company Registration No. 02817306 (England and Wales)

CLAREMONT INGREDIENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

CLAREMONT INGREDIENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CLAREMONT INGREDIENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

107,975

127,874

Current assets

Stocks

872,358

815,293

Debtors

2,220,282

1,651,543

Cash at bank and in hand

1,310,798

1,511,654

4,403,438

3,978,490

Creditors: amounts falling due within one year

(1,350,056)

(1,207,865)

Net current assets

3,053,382

2,770,625

Total assets less current liabilities

3,161,357

2,898,499

Creditors: amounts falling due after more than one year

(24,000)

(29,333)

3,137,357

2,869,166

Capital and reserves

Called up share capital

1,000

Profit and loss account

3,136,357

2,868,166

Shareholders' funds

3,137,357

2,869,166

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 May 2016

Mrs K Pinfold

Mr M Pinfold

Director

Company Registration No. 02817306

CLAREMONT INGREDIENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold land and buildings

Equal instalments over the period of the lease

Plant and machinery

25% per annum of cost

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.7

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

CLAREMONT INGREDIENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 January 2015

540,143

Additions

63,343

Disposals

(12,713)

At 31 December 2015

590,773

Depreciation

At 1 January 2015

412,269

On disposals

(11,016)

Charge for the year

81,545

At 31 December 2015

482,798

Net book value

At 31 December 2015

107,975

At 31 December 2014

127,874

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

2,666

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000