Foodlink (UK) Limited - Abbreviated accounts 16.3
Foodlink (UK) Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| For The Year Ended 31 May 2016 |
| for |
| Foodlink (UK) Limited |
| Foodlink (UK) Limited (Registered number: 02024409) |
| Contents of the Abbreviated Accounts |
| For The Year Ended 31 May 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Foodlink (UK) Limited |
| Company Information |
| For The Year Ended 31 May 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Foodlink (UK) Limited (Registered number: 02024409) |
| Abbreviated Balance Sheet |
| 31 May 2016 |
| 31.5.16 | 31.5.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 financial statements were approved by the director on |
| Foodlink (UK) Limited (Registered number: 02024409) |
| Notes to the Abbreviated Accounts |
| For The Year Ended 31 May 2016 |
| 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 sales of goods net of VAT and trade discounts. Turnover is recognised when goods are |
| physically delivered to the customer. |
| Tangible fixed assets |
| Computer equipment - 30% on reducing balance |
| Office equipment - 10% on reducing balance |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling |
| price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the |
| net realisable value is less than cost. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Foreign exchange translation |
| Profit and Loss account transactions in foreign currencies relating to the principal activity are translated into |
| Sterling at using an average exchange rate for the entire year. Assets and liabilities (monetary items) |
| denominated in foreign currencies are translated into Sterling at closing rate. All revaluation differences and |
| realised foreign exchange differences are taken to the Profit and Loss account. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2015 |
| Additions |
| At 31 May 2016 |
| DEPRECIATION |
| At 1 June 2015 |
| Charge for year |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.5.16 | 31.5.15 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 100 | 100 |