Thought For Food Retail Limited - Limited company - abbreviated - 11.0.0
Thought For Food Retail Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014 |
| FOR |
| THOUGHT FOR FOOD RETAIL LIMITED |
| THOUGHT FOR FOOD RETAIL LIMITED (REGISTERED NUMBER: 05633122) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 APRIL 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 7 |
| THOUGHT FOR FOOD RETAIL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| THOUGHT FOR FOOD RETAIL LIMITED (REGISTERED NUMBER: 05633122) |
| ABBREVIATED BALANCE SHEET |
| 30 APRIL 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 5 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| THOUGHT FOR FOOD RETAIL LIMITED (REGISTERED NUMBER: 05633122) |
| ABBREVIATED BALANCE SHEET - continued |
| 30 APRIL 2014 |
| The financial statements were approved by the Board of Directors on |
| THOUGHT FOR FOOD RETAIL LIMITED (REGISTERED NUMBER: 05633122) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 APRIL 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain |
| assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Within land and buildings is freehold property of £1,235,000 (2013: £1,235,000) which is not depreciated on the grounds |
| that it would be immaterial because the estimated residual value is not materially different from its carrying amount. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date |
| where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or |
| to receive more tax. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing |
| differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 May 2013 |
| and 30 April 2014 |
| AMORTISATION |
| At 1 May 2013 |
| Amortisation for year |
| At 30 April 2014 |
| NET BOOK VALUE |
| At 30 April 2014 |
| At 30 April 2013 |
| THOUGHT FOR FOOD RETAIL LIMITED (REGISTERED NUMBER: 05633122) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 May 2013 |
| Additions |
| At 30 April 2014 |
| DEPRECIATION |
| At 1 May 2013 |
| Charge for year |
| At 30 April 2014 |
| NET BOOK VALUE |
| At 30 April 2014 |
| At 30 April 2013 |
| 4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments | 290,877 | 516,530 |
| The bank loan is secured by a charge over the property known as 'Budgens Sawbridgeworth' and £750,000 of the proceeds |
| of the keyman insurance. |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| THOUGHT FOR FOOD RETAIL LIMITED (REGISTERED NUMBER: 05633122) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2014 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following loans (to)/from the directors subsisted during the years ended 30 April 2014 and 30 April 2013: |
| 2014 | 2013 |
| £ | £ |
| P & M Gravelle |
| Balance outstanding at start of year | 474 | (3,527 | ) |
| Balance outstanding at end of year | 574 | 474 |
| Maximum balance outstanding during year | 5,774 | (23,527 | ) |
| 8. | CONTINGENT ASSETS |
| As at 30 April 2014, a redress offer of £255,296 had been made by Barclays Bank Plc regarding the original sale of an |
| interest rate hedging product to the company. This redress offer consisted of |
| i. a refund for the difference between the payments made by the company under its interest rate hedging product compared |
| to the payments it would have made under the replacement interest rate hedging product that should have been sold by |
| Barclays Bank Plc |
| ii. interest at 8% simple per year on the refunded interest rate hedging product amounts |
| Agreement was not reached and payment not made until after the year end. |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| THOUGHT FOR FOOD RETAIL LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) 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 Thought For Food Retail Limited for the year ended 30 April 2014 which comprise the Profit and Loss Account, the |
| Balance Sheet and the related notes 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 (ICAEW), we are subject to its ethical |
| and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Thought For Food Retail Limited, as a body, in accordance with our terms of |
| engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thought For Food Retail |
| Limited and state those matters that we have agreed to state to the Board of Directors of Thought For Food Retail Limited, as a |
| body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we |
| do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for |
| this report. |
| It is your duty to ensure that Thought For Food Retail Limited 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 profit of Thought For Food Retail |
| Limited. You consider that Thought For Food Retail Limited 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 Thought For Food Retail Limited. 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. |
| 3 October 2014 |