Company Registration No. 04592659 (England and Wales)
UPNORTH FOODSERVICE EQUIPMENT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
UPNORTH FOODSERVICE EQUIPMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
UPNORTH FOODSERVICE EQUIPMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
17,600
27,379
Current assets
Stocks
54,929
51,905
Debtors
1,035,696
852,332
Cash at bank and in hand
908
1,090,625
905,145
Creditors: amounts falling due within one year
(510,068)
(458,921)
Net current assets
580,557
446,224
Total assets less current liabilities
598,157
473,603
Creditors: amounts falling due after more than one year
(267)
(7,108)
Provisions for liabilities
(619)
(1,680)
597,271
464,815
Capital and reserves
Called up share capital
3
390
390
Profit and loss account
596,881
464,425
Shareholders' funds
597,271
464,815
UPNORTH FOODSERVICE EQUIPMENT LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2014
31 March 2014
- 2 -
For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 October 2014
Mr R Toye
Mr S A Grierson
Director
Director
Company Registration No. 04592659
UPNORTH FOODSERVICE EQUIPMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% reducing balance and 33.3% straight line
Motor vehicles
20% straight line
1.4
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013
117,562
Additions
1,318
Disposals
(15,799)
At 31 March 2014
103,081
Depreciation
At 1 April 2013
90,183
On disposals
(13,699)
Charge for the year
8,997
At 31 March 2014
85,481
Net book value
At 31 March 2014
17,600
At 31 March 2013
27,379
UPNORTH FOODSERVICE EQUIPMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 4 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
390 ordinary shares of £1 each
390
390
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