Abbreviated Company Accounts - PICKERING FOODS LTD

PICKERING FOODS LTD - Company Information

Registered Number 09273002

PICKERING FOODS LTD

Abbreviated Accounts

31 October 2015

PICKERING FOODS LTD Registered Number 09273002

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015
		£
Fixed assets
Intangible assets	2	47,500
Tangible assets	3	28,500
		76,000
Current assets
Stocks		3,519
		3,519
Creditors: amounts falling due within one year		(69,535)
Net current assets (liabilities)		(66,016)
Total assets less current liabilities		9,984
Total net assets (liabilities)		9,984
Capital and reserves
Called up share capital		1
Profit and loss account		9,983
Shareholders' funds		9,984

For the year ending 31 October 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 10 January 2016

And signed on their behalf by:
Mr M Hussain, Director

PICKERING FOODS LTD Registered Number 09273002

Notes to the Abbreviated Accounts for the period ended 31 October 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.

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

2Intangible fixed assets

	£
Cost
Additions	50,000
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	50,000
Amortisation
Charge for the year	2,500
On disposals	-
At 31 October 2015	2,500
Net book values
At 31 October 2015	47,500

3Tangible fixed assets

	£
Cost
Additions	30,000
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	30,000
Depreciation
Charge for the year	1,500
On disposals	-
At 31 October 2015	1,500
Net book values
At 31 October 2015	28,500