Bennetts Foods (Worcester) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03387235 (England and Wales)

Bennetts Foods (Worcester) Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Mr D O S Bennett

Mr K M Godwin

SECRETARY:

Mr D O S Bennett

REGISTERED OFFICE:

Manor Farm

Lower Wick

Worcester

Worcestershire

WR2 4BT

REGISTERED NUMBER:

03387235 (England and Wales)

ACCOUNTANTS:

Richard Shaw, Chartered Accountant

Richard G Shaw Limited

The Granary, Caldewell Farm Barns

Pershore Road, Stoulton

Worcester

Worcestershire

WR7 4RL

FIXED ASSETS

Tangible assets

2

490,341

374,814

CURRENT ASSETS

Stocks

187,167

173,431

Debtors

622,124

211,050

Cash at bank and in hand

7,687

148,768

816,978

533,249

CREDITORS

Amounts falling due within one year

363,590

174,719

NET CURRENT ASSETS

453,388

358,530

TOTAL ASSETS LESS CURRENT
LIABILITIES

943,729

733,344

CREDITORS

Amounts falling due after more than one
year

86,737

-

NET ASSETS

856,992

733,344

CAPITAL AND RESERVES

Called up share capital

3

100

Share premium

20,526

Profit and loss account

836,366

712,718

SHAREHOLDERS' FUNDS

856,992

733,344

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 directors acknowledge their 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 Board of Directors on 3 October 2016 and were signed on its behalf by:

Mr D O S Bennett - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

5% on cost of coldstore and 2% on cost of buildings

Plant and machinery

-

10% on cost

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,064,684

Additions

201,514

Disposals

(96,481

)

At 31 March 2016

1,169,717

DEPRECIATION

At 1 April 2015

689,870

Charge for year

75,686

Eliminated on disposal

(86,180

)

At 31 March 2016

679,376

NET BOOK VALUE

At 31 March 2016

490,341

At 31 March 2015

374,814

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

Mr D O S Bennett

Balance outstanding at start of year

-

Amounts advanced

360,000

-

Amounts repaid

(43,350

)

-

Balance outstanding at end of year

316,650

-

5.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is controlled by Mr D O S Bennett by virtue of his majority

shareholding.