Crawfords Food Services Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06052502 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2014

FOR

CRAWFORDS FOOD SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D C Crawford

Mrs S M Crawford

SECRETARY:

Mrs S M Crawford

REGISTERED OFFICE:

Unit J2 Romany Works

Wareham Road

Holton Heath

Poole

Dorset

BH16 6JL

REGISTERED NUMBER:

06052502 (England and Wales)

ACCOUNTANTS:

Newton Magnus

Chartered Certified Accountants

& Statutory Auditors

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

FIXED ASSETS

Intangible assets

2

26,000

28,000

Tangible assets

3

11,665

15,475

37,665

43,475

CURRENT ASSETS

Stocks

5,325

5,325

Debtors

176,882

159,254

Cash at bank

102

-

182,309

164,579

CREDITORS

Amounts falling due within one year

(186,419

)

(181,995

)

NET CURRENT LIABILITIES

(4,110

)

(17,416

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,555

26,059

CREDITORS

Amounts falling due after more than one year

(5,185

)

(12,550

)

NET ASSETS

28,370

13,509

CAPITAL AND RESERVES

Called up share capital

4

125,000

75,000

Profit and loss account

(96,630

)

(61,491

)

SHAREHOLDERS' FUNDS

28,370

13,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 October 2014 and were signed on its behalf by:

Mr D C Crawford - Director

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 April 2008).

Turnover

Turnover represents the value of goods and services supplied during the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Warehouse equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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.

Hire purchase and lease agreements

Fixed assets purchased under hire purchase agreements and finance leases are capitalised and depreciated

over their expected useful lives. The finance / interest charges are allocated over the period of the agreement

in proportion to the capital outstanding.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

and 31 January 2014

40,000

AMORTISATION

At 1 February 2013

12,000

Amortisation for year

2,000

At 31 January 2014

14,000

NET BOOK VALUE

At 31 January 2014

26,000

At 31 January 2013

28,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

and 31 January 2014

41,488

DEPRECIATION

At 1 February 2013

26,013

Charge for year

3,810

At 31 January 2014

29,823

NET BOOK VALUE

At 31 January 2014

11,665

At 31 January 2013

15,475

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

75,000

Ordinary

£1

125,000

75,000

50,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.