Atsource Foods Limited - Accounts

Atsource Foods Limited - Accounts

ATSOURCE FOODS LIMITED - Company Information

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2015-04-01 true false Private Limited Company 04772374 2015-04-01 2016-03-31 04772374 2016-03-31 04772374 uk-bus:RegisteredOffice 2015-04-01 2016-03-31 04772374 uk-bus:AllEntityOfficers 2015-04-01 2016-03-31 04772374 uk-bus:EntityAccountantsOrAuditors 2015-04-01 2016-03-31 04772374 uk-bus:EntityAccountantsOrAuditors 2016-03-31 04772374 uk-gaap:WithinOneYear 2016-03-31 04772374 uk-bus:Director1 2015-04-01 2016-03-31 04772374 uk-bus:Director1 2016-03-31 04772374 uk-bus:Director1 2014-04-01 2015-03-31 04772374 2014-04-01 04772374 uk-bus:EntityBankers 2015-04-01 2016-03-31 04772374 uk-bus:CompanySecretary 2015-04-01 2016-03-31 04772374 uk-bus:EntityLawyersOrLegalAdvisers 2015-04-01 2016-03-31 04772374 2014-04-01 2015-03-31 04772374 2015-03-31 04772374 uk-gaap:WithinOneYear 2015-03-31 04772374 uk-bus:AllEntityOfficers 2014-04-01 2015-03-31 04772374 uk-bus:EntityAccountantsOrAuditors 2014-04-01 2015-03-31 04772374 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2015-04-01 2016-03-31 04772374 uk-gaap:MotorCars 2015-04-01 2016-03-31 04772374 uk-gaap:MotorCars 2016-03-31 04772374 uk-gaap:MotorCars 2015-03-31 04772374 uk-gaap:FixturesFittings 2015-04-01 2016-03-31 04772374 uk-gaap:FixturesFittings 2016-03-31 04772374 uk-gaap:FixturesFittings 2015-03-31 04772374 uk-gaap:ComputerEquipment 2015-04-01 2016-03-31 04772374 uk-gaap:ComputerEquipment 2016-03-31 04772374 uk-gaap:ComputerEquipment 2015-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number : 04772374
England and Wales

 

 

 

ATSOURCE FOODS LIMITED


Abbreviated Accounts
 


Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

Atsource Foods Limited
Contents Page
For the year ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Atsource Foods Limited for the year ended 31 March 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, 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 Atsource Foods Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the financial statements of Atsource Foods Limited and state those matters that we have agreed to state to the Board of Directors of Atsource Foods Limited, 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 Atsource Foods Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Atsource Foods 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 Atsource Foods Limited. You consider that Atsource Foods 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 Atsource Foods 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.



....................................................
Applecore Accountancy Ltd
18 Rutland House
112 Carrington Street
Derby
DE1 2NH
27 September 2016
1
 
 		 Notes
 		 2016
£		   2015
£
Fixed assets      
Tangible fixed assets 2 17,411    19,631 
17,411    19,631 
Current assets      
Debtors 73,506    0 
Cash at bank and in hand 8,250    6,030 
81,756    6,030 
Creditors: amount falling due within one year (29,135)   (51,147)
Net current assets 52,621    (45,117)
Total assets less current liabilities 70,032    (25,486)
Net assets 70,032    (25,486)

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account 69,032    (26,486)
Shareholders funds 70,032    (25,486)


For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Signed on behalf of the board of directors


--------------------------------
James Sheppard
Director

Date approved by the board: 27 September 2016
2
1.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Office Equipment 33% Straight Line
Motor Vehicles 25% Straight Line
Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Tangible fixed assets

Cost or Valuation Motor Vehicles   Office Equipment   Computer Equipment   Total
  £   £   £   £
At 01 April 2015 19,932    -    2,242    22,174 
Additions -    602    3,841    4,443 
Disposals -    -    -    - 
At 31 March 2016 19,932    602    6,083    26,617 
Depreciation
At 01 April 2015 2,218    -    325    2,543 
Charge for year 4,983    95    1,585    6,663 
On disposals -    -    -    - 
At 31 March 2016 7,201    95    1,910    9,206 
Net book values
At 31 March 2016 12,731    507    4,173    17,411 
At 01 April 2015 17,714    -    1,917    19,631 


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