Coan Food Ltd - Abbreviated accounts

Registered number

06928194

Coan Food Ltd

Abbreviated Accounts

31 December 2015

Coan Food Ltd
Registered number:		06928194
Abbreviated Balance Sheet
as at 31 December 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		3,591			4,771

Current assets
Stocks		17,734			15,136
Debtors		104,184			109,357
Cash at bank and in hand		42,613			39,153
		164,531			163,646

Creditors: amounts falling due within one year		(72,496)			(91,362)

Net current assets			92,035			72,284

Total assets less current liabilities			95,626			77,055

Creditors: amounts falling due after more than one year			(10,000)			-



Net assets			85,626			77,055

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			85,526			76,955

Shareholders' funds			85,626			77,055

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr T Lewis
Director
Approved by the board on 21 August 2016

Coan Food Ltd
Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1	Accounting policies

	Basis of preparation
	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
	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.

	Depreciation
	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% written down value

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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 January 2015					7,024
	At 31 December 2015					7,024

	Depreciation
	At 1 January 2015					2,253
	Charge for the year					1,180
	At 31 December 2015					3,433

	Net book value
	At 31 December 2015					3,591
	At 31 December 2014					4,771


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100