Abbreviated Company Accounts - NORTH LONDON FOOD & WINE LIMITED

NORTH LONDON FOOD & WINE LIMITED - Company Information

06671735 NORTH LONDON FOOD & WINE LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 06671735 2014-10-01 2015-09-30 06671735 2015-09-30 06671735 2014-09-30 06671735 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 06671735 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 06671735

NORTH LONDON FOOD & WINE LIMITED

Abbreviated Accounts

30 September 2015

NORTH LONDON FOOD & WINE LIMITED Registered Number 06671735

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	9,000	12,000
Tangible assets	3	24,023	26,386
		33,023	38,386
Current assets
Stocks		45,552	33,045
Debtors		22,676	10,260
Cash at bank and in hand		16,914	33,345
		85,142	76,650
Creditors: amounts falling due within one year		(43,338)	(40,192)
Net current assets (liabilities)		41,804	36,458
Total assets less current liabilities		74,827	74,844
Creditors: amounts falling due after more than one year		(70,000)	(70,000)
Total net assets (liabilities)		4,827	4,844
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		4,727	4,744
Shareholders' funds		4,827	4,844

For the year ending 30 September 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 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 25 June 2016

And signed on their behalf by:
MUSTAFA KOC, Director

NORTH LONDON FOOD & WINE LIMITED Registered Number 06671735

Notes to the Abbreviated Accounts for the period ended 30 September 2015

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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from he provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
FFE: 15% reducing balance
Motor vehicles: 20% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 October 2014	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	30,000
Amortisation
At 1 October 2014	18,000
Charge for the year	3,000
On disposals	-
At 30 September 2015	21,000
Net book values
At 30 September 2015	9,000
At 30 September 2014	12,000

3Tangible fixed assets

	£
Cost
At 1 October 2014	63,354
Additions	2,050
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	65,404
Depreciation
At 1 October 2014	36,968
Charge for the year	4,413
On disposals	-
At 30 September 2015	41,381
Net book values
At 30 September 2015	24,023
At 30 September 2014	26,386

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100