SPRY_FOODS_LTD - Accounts

SPRY FOODS LTD - Company Information

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Company Registration No. 08527503 (England and Wales)

SPRY FOODS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

SPRY FOODS LTD

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

SPRY FOODS LTD

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SPRY FOODS LTD FOR THE YEAR ENDED 31 MAY 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spry Foods Ltd for the year ended 31 May 2016 set out on pages 3 to 7 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 http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Spry Foods Ltd, 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 Spry Foods Ltd and state those matters that we have agreed to state to the Board of Directors of Spry Foods Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spry Foods Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Spry Foods Ltd 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 loss of Spry Foods Ltd. You consider that Spry Foods Ltd 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 Spry Foods Ltd. 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.

Ellacotts LLP

Chartered Accountants

Countrywide House

23 West Bar

Banbury

Oxfordshire

England

OX16 9SA

Date:

14 December 2016

SPRY FOODS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

1,024

423

Current assets

Stocks

530

760

Debtors

614

107

Cash at bank and in hand

1,420

165

2,564

1,032

Creditors: amounts falling due within one year

(29,989)

(15,476)

Net current liabilities

(27,425)

(14,444)

Total assets less current liabilities

(26,401)

(14,021)

Capital and reserves

Called up share capital

Profit and loss account

(26,403)

(14,023)

Shareholders' funds

(26,401)

(14,021)

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

Director's 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 director acknowledges his 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 2 December 2016

Dr A H Massey

Director

Company Registration No. 08527503

SPRY FOODS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

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).

The accounts show a loss for the period and deficit on the balance sheet of Spry Foods Ltd. The accounts have been prepared on the going concern basis, which is considered appropriate by the director who confirms his continuing support for the company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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:

Equipment

10% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 June 2015

522

Additions

715

At 31 May 2016

1,237

Depreciation

At 1 June 2015

Charge for the year

114

At 31 May 2016

213

Net book value

At 31 May 2016

1,024

At 31 May 2015

423

SPRY FOODS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary share of £1 each