Horsford Chef Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06960987 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Horsford Chef Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

M Kalam

Mrs A Chowdhury

Mrs J A Chowdhury

REGISTERED OFFICE:

Hornbeam House

Bidwell Road

Rackheath

Norwich

Norfolk

NR13 6PT

REGISTERED NUMBER:

06960987 (England and Wales)

ACCOUNTANTS:

Hornbeam Accountancy Services Ltd

Chartered Accountants

Hornbeam House

Bidwell Road

Rackheath

Norwich

Norfolk

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FIXED ASSETS

Tangible assets

2

2,921

3,729

CURRENT ASSETS

Stocks

3,500

Cash at bank and in hand

15,268

35,229

18,768

38,729

CREDITORS

Amounts falling due within one year

21,626

37,930

NET CURRENT (LIABILITIES)/ASSETS

(2,858

)

799

TOTAL ASSETS LESS CURRENT LIABILITIES

63

4,528

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

60

4,525

SHAREHOLDERS' FUNDS

63

4,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 12 January 2017 and were signed on its behalf by:

M Kalam - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Plant and machinery

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

16,202

DEPRECIATION

At 1 August 2015

12,473

Charge for year

808

At 31 July 2016

13,281

NET BOOK VALUE

At 31 July 2016

2,921

At 31 July 2015

3,729

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary

1

3

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 three) 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 Horsford

Chef Limited for the year ended 31 July 2016 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 Horsford Chef 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 Horsford Chef Limited and state those matters that we have agreed to state to the Board of Directors of Horsford Chef 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 Horsford Chef 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 Horsford Chef Limited. You consider that Horsford Chef 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 Horsford Chef 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.

Hornbeam Accountancy Services Ltd

Chartered Accountants

Hornbeam House

Bidwell Road

Rackheath

Norwich

Norfolk

NR13 6PT

12 January 2017