Wiltshire Farm Foods (Newcastle) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07342412 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Wiltshire Farm Foods (Newcastle) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J Moran

SECRETARY:

Mrs H Moran

REGISTERED OFFICE:

32 Bluebell Drive

Spennymoor

Co. Durham

DL16 7YF

REGISTERED NUMBER:

07342412 (England and Wales)

ACCOUNTANTS:

G D O'Hehir & Co Ltd

Chartered Accountants

22/23 Clyde Terrace

Spennymoor

Co. Durham

DL16 7SE

FIXED ASSETS

Intangible assets

2

184,000

189,000

Tangible assets

3

34,028

46,368

218,028

235,368

CURRENT ASSETS

Stocks

14,760

18,572

Debtors

23,125

64,309

Cash at bank

245,053

134,932

282,938

217,813

CREDITORS

Amounts falling due within one year

113,592

117,859

NET CURRENT ASSETS

169,346

99,954

TOTAL ASSETS LESS CURRENT
LIABILITIES

387,374

335,322

CREDITORS

Amounts falling due after more than one
year

(4,426

)

(11,245

)

PROVISIONS FOR LIABILITIES

(6,290

)

(8,646

)

NET ASSETS

376,658

315,431

CAPITAL AND RESERVES

Called up share capital

4

Profit and loss account

376,654

315,427

SHAREHOLDERS' FUNDS

376,658

315,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 June 2016 and were signed by:

J Moran - 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 January 2015).

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 0, is being amortised evenly over its estimated useful life of nil years.

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 etc

-

20% on cost and 15% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

214,000

AMORTISATION

At 1 April 2015

25,000

Amortisation for year

5,000

At 31 March 2016

30,000

NET BOOK VALUE

At 31 March 2016

184,000

At 31 March 2015

189,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

79,174

Additions

3,861

At 31 March 2016

83,035

DEPRECIATION

At 1 April 2015

32,806

Charge for year

16,201

At 31 March 2016

49,007

NET BOOK VALUE

At 31 March 2016

34,028

At 31 March 2015

46,368

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

4

Ordinary

£1

4

5.	GOING CONCERN REVIEW

The director is not aware of any reason why sales should reduce significantly next year.No material uncertainties

that may cast significant doubt on the ability of the company to continue as a going concern have been identified.

As a result he has adopted the going concern basis of accounting