THOMAS'S FINE FOODS LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 03315150 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

THOMAS'S FINE FOODS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M W B Thomas

Mr I Thomas

SECRETARY:

Mrs E Harrison

REGISTERED OFFICE:

Emmetts Stores

Peasenhall

SAXMUNDHAM

Suffolk

IP17 2HJ

REGISTERED NUMBER:

03315150 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

25,302

28,648

25,302

28,648

CURRENT ASSETS

Stocks

38,000

45,000

Debtors

8,378

21,157

Cash at bank and in hand

24,338

7,641

70,716

73,798

CREDITORS

Amounts falling due within one year

25,209

28,140

NET CURRENT ASSETS

45,507

45,658

TOTAL ASSETS LESS CURRENT
LIABILITIES

70,809

74,306

CAPITAL AND RESERVES

Called up share capital

4

18,600

Profit and loss account

52,209

55,706

SHAREHOLDERS' FUNDS

70,809

74,306

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

The members have not required the company to obtain an audit of its financial statements for the year 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 13 January 2017 and were signed on
its behalf by:

Mr M W B Thomas - 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.

Website costs

Website design and setup costs are amortised at 15% per annum on a straight line basis.

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

-

15% on reducing balance

Computer equipment

-

25% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

4,697

AMORTISATION

At 1 May 2015

and 30 April 2016

4,697

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

114,508

Additions

974

At 30 April 2016

115,482

DEPRECIATION

At 1 May 2015

85,860

Charge for year

4,320

At 30 April 2016

90,180

NET BOOK VALUE

At 30 April 2016

25,302

At 30 April 2015

28,648

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

18,600

Ordinary

£1

18,600

5.	ULTIMATE PARENT COMPANY

Emmetts Investments Limited is regarded by the directors as being the company's ultimate parent

company.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2016 and

30 April 2015:

2016

2015

£

Mr M W B Thomas

Balance outstanding at start of year

11,226

-

Amounts advanced

-

11,226

Amounts repaid

(5,081

)

-

Balance outstanding at end of year

6,145

11,226

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I Thomas.