ACCOUNTS - Final Accounts preparation

LILWALLS HOG ROASTS LIMITED - Company Information

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Registered number: 06542426

LILWALLS HOG ROASTS LTD

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

LILWALLS HOG ROASTS LTD

The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LILWALLS HOG ROASTS LTD
FOR THE YEAR ENDED 30 APRIL 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lilwalls Hog Roasts Ltd for the year ended 30 April 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 to us.

As a 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 http://www.icaew.com/en/membership/
regulations-standards-and-guidance.

This report is made solely to the Board of directors of Lilwalls Hog Roasts Ltd, as a body, in accordance with the terms of our engagement letter dated November 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Lilwalls Hog Roasts Ltd and state those matters that we have agreed to state to the Board of directors of Lilwalls Hog Roasts Ltd, as a body, in this report in accordance with ICAEW Technical release TECH07/16AAF . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lilwalls Hog Roasts Ltd and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Lilwalls Hog Roasts Ltd 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 loss of Lilwalls Hog Roasts Ltd. You consider that Lilwalls Hog Roasts Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Lilwalls Hog Roasts Ltd. 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.

M+A Partners (North Norfolk) Ltd

Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER

13 January 2017

Page 1

LILWALLS HOG ROASTS LTD

REGISTERED NUMBER: 06542426

ABBREVIATED BALANCE SHEET

AS AT 30 APRIL 2016

2016

2015

	Note	£	£	£	£
FIXED ASSETS
Intangible assets	2		13,050		19,575
Tangible assets	3		343,053		384,681

			356,103		404,256

CURRENT ASSETS
Stocks	216,631		178,780
Debtors	-		29,855
Cash at bank and in hand	1,163		2,377

	217,794		211,012
CREDITORS: amounts falling due within one year	(181,626)		(171,213)
NET CURRENT ASSETS		36,168		39,799

TOTAL ASSETS LESS CURRENT LIABILITIES

392,271

444,055

CREDITORS: amounts falling due after more than one year			(390,812)		(414,874)
NET ASSETS			£1,459		£29,181

CAPITAL AND RESERVES
Called up share capital	4	100	100
Profit and loss account		1,359	29,081

SHAREHOLDERS' FUNDS

£1,459

£29,181

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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LILWALLS HOG ROASTS LTD

ABBREVIATED BALANCE SHEET (continued)

AS AT 30 APRIL 2016

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 13 January 2017.

Mr R Lilwall	Mrs D Lilwall
Director	Director

The notes on pages 4 to 5 form part of these financial statements.

Page 3

LILWALLS HOG ROASTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	1.2	Cash flow
		The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).

	1.3	Turnover
		Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

	1.4	Intangible fixed assets and amortisation
		Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.

	1.5	Tangible fixed assets and depreciation
		Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Buildings	-	10% straight line
Plant and equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance

	1.6	Stocks and work in progress
		Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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LILWALLS HOG ROASTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

2.INTANGIBLE FIXED ASSETS

		£
	Cost
	At 1 May 2015 and 30 April 2016	70,500
	Amortisation
	At 1 May 2015	50,925
	Charge for the year	6,525
	At 30 April 2016	57,450

	Net book value
	At 30 April 2016	£13,050
	At 30 April 2015	£19,575

3.TANGIBLE FIXED ASSETS

		£
	Cost
	At 1 May 2015	453,331
	Additions	4,700
	At 30 April 2016	458,031

	Depreciation
	At 1 May 2015	68,650
	Charge for the year	46,328
	At 30 April 2016	114,978

	Net book value
	At 30 April 2016	£343,053
	At 30 April 2015	£384,681

4.SHARE CAPITAL

	2016	2015
	£	£
Allotted, called up and fully paid

100 Ordinary shares of £1 each	£100	£100

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