Company Registration No. 09482329 (England and Wales)
THE ORGANIC PANTRY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2016
THE ORGANIC PANTRY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
THE ORGANIC PANTRY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
Notes
£
£
Fixed assets
Intangible assets
2
21,121
Tangible assets
2
122,992
144,113
Current assets
Stocks
4,530
Debtors
145,396
Cash at bank and in hand
470
150,396
Creditors: amounts falling due within one year
(214,899)
Net current liabilities
(64,503)
Total assets less current liabilities
79,610
Creditors: amounts falling due after more than one year
(53,548)
26,062
Capital and reserves
Called up share capital
3
110
Profit and loss account
25,952
Shareholders' funds
26,062
For the financial Period ended 31 March 2016 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 Period 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 7 December 2016
Mr Jonathan Watson
Mrs F E Watson
Director
Director
Company Registration No. 09482329
THE ORGANIC PANTRY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2016
- 2 -
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 January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Not depreciated
Plant and machinery
20% Reducing Balance
Fixtures, fittings & equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 10 March 2015
5,000
62,948
67,948
Additions
19,350
76,178
95,528
At 31 March 2016
24,350
139,126
163,476
Depreciation
At 10 March 2015
-
-
-
Charge for the period
3,229
16,134
19,363
At 31 March 2016
3,229
16,134
19,363
Net book value
At 31 March 2016
21,121
122,992
144,113
THE ORGANIC PANTRY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
£
Allotted, called up and fully paid
50 Ordinary Class A of £1 each
50
50 Ordinary Class B of £1 each
50
10 Ordinary Class C of £1 each
10
110
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