Abbreviated Company Accounts - FRESHCO SAVOURIES LIMITED

FRESHCO SAVOURIES LIMITED - Company Information

08350318 FRESHCO SAVOURIES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 08350318 2015-04-01 2016-03-31 08350318 2016-03-31 08350318 2015-03-31 08350318 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08350318 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08350318

FRESHCO SAVOURIES LIMITED

Abbreviated Accounts

31 March 2016

FRESHCO SAVOURIES LIMITED Registered Number 08350318

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	17,500	20,000
Tangible assets	3	8,526	8,327
		26,026	28,327
Current assets
Stocks		7,998	20,692
Debtors		35,406	14,674
Cash at bank and in hand		87,120	29,201
		130,524	64,567
Net current assets (liabilities)		130,524	64,567
Total assets less current liabilities		156,550	92,894
Creditors: amounts falling due after more than one year		(65,159)	(15,777)
Total net assets (liabilities)		91,391	77,117
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		90,391	76,117
Shareholders' funds		91,391	77,117

For the year ending 31 March 2016 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 1 November 2016

And signed on their behalf by:
A Shah, Director

FRESHCO SAVOURIES LIMITED Registered Number 08350318

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 January 2015

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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and Fittings - 18% on reducing balance
Motor Vehicles - 18% on reducing balance

Intangible assets amortisation policy
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life.

Valuation information and policy
Stocks
Stocks are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items

Other accounting policies
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.

2Intangible fixed assets

	£
Cost
At 1 April 2015	25,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	25,000
Amortisation
At 1 April 2015	5,000
Charge for the year	2,500
On disposals	-
At 31 March 2016	7,500
Net book values
At 31 March 2016	17,500
At 31 March 2015	20,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	12,382
Additions	2,071
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	14,453
Depreciation
At 1 April 2015	4,055
Charge for the year	1,872
On disposals	-
At 31 March 2016	5,927
Net book values
At 31 March 2016	8,526
At 31 March 2015	8,327

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

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000