Abbreviated Company Accounts - SOUTH LAKES ORGANIC MILK LIMITED

SOUTH LAKES ORGANIC MILK LIMITED - Company Information

04654179 SOUTH LAKES ORGANIC MILK LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04654179 2015-04-01 2016-03-31 04654179 2016-03-31 04654179 2015-03-31 04654179 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04654179 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04654179

SOUTH LAKES ORGANIC MILK LIMITED

Abbreviated Accounts

31 March 2016

SOUTH LAKES ORGANIC MILK LIMITED Registered Number 04654179

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	9,000	21,198
		9,000	21,198
Current assets
Stocks		15,180	16,865
Debtors		75,416	72,654
Cash at bank and in hand		3,086	200
		93,682	89,719
Creditors: amounts falling due within one year		(22,548)	(40,655)
Net current assets (liabilities)		71,134	49,064
Total assets less current liabilities		80,134	70,262
Provisions for liabilities		(1,800)	(4,131)
Total net assets (liabilities)		78,334	66,131
Capital and reserves
Called up share capital	4	3	3
Profit and loss account		78,331	66,128
Shareholders' funds		78,334	66,131

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 December 2016

And signed on their behalf by:
H F Morphet, Director

SOUTH LAKES ORGANIC MILK LIMITED Registered Number 04654179

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents amounts receivable for goods net of VAT.

Tangible assets depreciation policy
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 assets over its expected useful life as follows:

Plant and machinery 33.33%, 25% and 10% on cost
Motor vehicles 25% reducing balance and 10% on cost

2Intangible fixed assets

	£
Cost
At 1 April 2015	16,250
Additions	-
Disposals	(16,250)
Revaluations	-
Transfers	-
At 31 March 2016	0
Amortisation
At 1 April 2015	16,250
Charge for the year	-
On disposals	(16,250)
At 31 March 2016	0
Net book values
At 31 March 2016	0
At 31 March 2015	0

3Tangible fixed assets

	£
Cost
At 1 April 2015	80,798
Additions	-
Disposals	(32,750)
Revaluations	-
Transfers	-
At 31 March 2016	48,048
Depreciation
At 1 April 2015	59,600
Charge for the year	3,907
On disposals	(24,459)
At 31 March 2016	39,048
Net book values
At 31 March 2016	9,000
At 31 March 2015	21,198

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
3 Ordinary shares of £1 each	3	3