Abbreviated Company Accounts - CAN FOOD LTD

07087132 CAN FOOD LTD 2015-12-31 false 2015-01-01 2015-12-31 true 07087132 2015-01-01 2015-12-31 07087132 2015-12-31 07087132 2014-12-31 07087132 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 07087132 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 07087132

CAN FOOD LTD

Abbreviated Accounts

31 December 2015

CAN FOOD LTD Registered Number 07087132

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	11,824	14,781
		11,824	14,781
Current assets
Stocks		68,980	71,020
Debtors	3	14,001	11,870
Cash at bank and in hand		6,618	7,494
		89,599	90,384
Creditors: amounts falling due within one year		(96,641)	(94,324)
Net current assets (liabilities)		(7,042)	(3,940)
Total assets less current liabilities		4,782	10,841
Creditors: amounts falling due after more than one year		(6,559)	(10,329)
Total net assets (liabilities)		(1,777)	512
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(1,877)	412
Shareholders' funds		(1,777)	512

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.

Approved by the Board on 29 September 2016

And signed on their behalf by:
Mr Z Binboga, Director

CAN FOOD LTD Registered Number 07087132

Notes to the Abbreviated Accounts for the period ended 31 December 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of five years.

2Tangible fixed assets

	£
Cost
At 1 January 2015	35,037
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	35,037
Depreciation
At 1 January 2015	20,256
Charge for the year	2,957
On disposals	-
At 31 December 2015	23,213
Net book values
At 31 December 2015	11,824
At 31 December 2014	14,781

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	14,001	11,870

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

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