Advance Nutrition Limited - Accounts to registrar - small 16.3d

Unaudited Financial Statements for the Year Ended 30 September 2016

for

Advance Nutrition Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C Bailey

SECRETARY:

REGISTERED OFFICE:

8 The Knapp

Earley

Reading

Berkshire

RG6 7DD

REGISTERED NUMBER:

07784398 (England and Wales)

ACCOUNTANTS:

Peter Upton

Bridge House

2 Bridge Avenue

Maidenhead

Berkshire

SL6 1RR

FIXED ASSETS

Tangible assets

2

33,807

37,764

CURRENT ASSETS

Debtors

3

10,209

5,004

Cash at bank

100,198

118,572

110,407

123,576

CREDITORS

Amounts falling due within one year

4

36,601

62,821

NET CURRENT ASSETS

73,806

60,755

TOTAL ASSETS LESS CURRENT LIABILITIES

107,613

98,519

PROVISIONS FOR LIABILITIES

5

6,761

7,553

NET ASSETS

100,852

90,966

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

100,752

90,866

SHAREHOLDERS' FUNDS

100,852

90,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 December 2016 and were signed by:

Mrs C Bailey - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial

statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 10% on cost

Deferred tax

Deferred tax assets and liabilities are recognised in the balance sheet in respect of all timing

differences that have originated but not reversed at the balance sheet date where transactions or events

that result in an obligation to pay more or a right to pay less tax in the future have occurred by the

balance sheet date.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse. Any movements in the year are

recognised in the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2015

38,902

1,000

5,903

45,805

Additions

-

-

1,615

1,615

At 30 September 2016

38,902

1,000

7,518

47,420

DEPRECIATION

At 1 October 2015

3,890

639

3,512

8,041

Charge for year

3,890

159

1,523

5,572

At 30 September 2016

7,780

798

5,035

13,613

NET BOOK VALUE

At 30 September 2016

31,122

202

2,483

33,807

At 30 September 2015

35,012

361

2,391

37,764

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Trade debtors

10,209

5,004

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Tax

10,508

10,205

Social security and other taxes

1,560

809

VAT

5,433

3,789

Other creditors

320

128

Directors' current accounts

10,796

17,254

Accrued expenses

7,984

30,636

36,601

62,821

5.	PROVISIONS FOR LIABILITIES

30.9.16

30.9.15

£

£

Deferred tax

6,761

7,553

Deferred

tax

£

Balance at 1 October 2015

7,553

Credit to Income Statement during year

(792

)

Balance at 30 September 2016

6,761

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 October 2015

90,866

Profit for the year

38,886

Dividends

(29,000

)

At 30 September 2016

100,752

8.	RELATED PARTY DISCLOSURES

Mrs C Bailey

Director of the company

During the year the director made loans of £55,422 (2015: £44,983) The company made repayments

of £61,879 (2015: £45,912).

30.9.16

30.9.15

£

£

Amount due to related party at the balance sheet date

10,796

17,254

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs C Bailey.