Poultry Superstore Limited - Period Ending 2015-12-31

REGISTRAR OF COMPANIES

Registration number: 07017239

Poultry Superstore Limited

Unaudited Abbreviated Accounts

31 December 2015
 

Poultry Superstore Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Financial Statements of
Poultry Superstore Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Poultry Superstore Limited for the year ended 31 December 2015 set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Poultry Superstore Limited, as a body, in accordance with the terms of our engagement letter dated 24 April 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Poultry Superstore Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Poultry Superstore Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Poultry Superstore Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Poultry Superstore Limited. You consider that Poultry Superstore Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Poultry Superstore Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

13 May 2016

Page 1

Poultry Superstore Limited
(Registration number: 07017239)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Current assets
Debtors					219,459			160,013
Cash at bank and in hand					3,052			2,132
					222,511			162,145
Creditors: Amounts falling due within one year					(112,468)			(69,874)
Net assets					110,043			92,271
Capital and reserves
Called up share capital		2			100			100
Profit and loss account					109,943			92,171
Shareholders' funds					110,043			92,271

For the year ending 31 December 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

Approved by the director on 13 May 2016

.........................................
P A Furlong
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Poultry Superstore Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3

Poultry Superstore Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
P A Furlong
Opening advances	5	-	5	-
Advances	-	-	-	-
Repayments	-	-	-	-
	5	-	5	-

  Directors' advances are repayable on demand.
  No interest has been charged on advances to directors.
  The maximum amount owed by P Furlong during the year was £5.

4

Control

The company is controlled by the director who owns 100% of the called up share capital.

Page 4