Moorland Cookers Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05966942 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 NOVEMBER 2014 TO 30 APRIL 2016

FOR

MOORLAND COOKERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A James

P G James

SECRETARY:

Mrs M James

REGISTERED OFFICE:

Murray House

58 High Street

Biddulph

Stoke on Trent

Staffordshire

ST8 6AR

REGISTERED NUMBER:

05966942 (England and Wales)

ACCOUNTANTS:

Murray Chartered Accountants

Murray House

58 High Street

Biddulph

Stoke on Trent

Staffordshire

ST8 6AR

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

-

15,007

-

15,007

CURRENT ASSETS

Stocks

-

72,295

Debtors

106,116

16,774

Cash at bank and in hand

92,430

75,534

198,546

164,603

CREDITORS

Amounts falling due within one year

198,510

116,570

NET CURRENT ASSETS

36

48,033

TOTAL ASSETS LESS CURRENT
LIABILITIES

36

63,040

PROVISIONS FOR LIABILITIES

-

2,863

NET ASSETS

36

60,177

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

34

60,175

SHAREHOLDERS' FUNDS

36

60,177

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 23 December 2016 and were signed on its behalf by:

A James - 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.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% 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 leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 30 April 2016

2,300

AMORTISATION

At 1 November 2014

and 30 April 2016

2,300

NET BOOK VALUE

At 30 April 2016

-

At 31 October 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

43,733

Additions

12,420

Disposals

(58,038

)

At 30 April 2016

(1,885

)

DEPRECIATION

At 1 November 2014

28,726

Charge for period

7,023

Eliminated on disposal

(37,634

)

At 30 April 2016

(1,885

)

NET BOOK VALUE

At 30 April 2016

-

At 31 October 2014

15,007

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

31.10.14

value:

£

2

Ordinary

£1

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 April 2016 and the year ended

31 October 2014:

30.4.16

31.10.14

£

A James

Balance outstanding at start of period

-

Amounts advanced

70,758

-

Amounts repaid

-

Balance outstanding at end of period

70,758

-

P G James

Balance outstanding at start of period

-

Amounts advanced

22,920

-

Amounts repaid

-

Balance outstanding at end of period

22,920

-

The directors overdrawn loan accounts have been assessed to interest at 6% per annum until date that loans are repaid.