Animal Fayre (2000) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03805393 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2016

for

Animal Fayre (2000) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D C C Brunt

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

03805393 (England and Wales)

ACCOUNTANTS:

Philip T. Chave & Co

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

2

16,492

18,834

CURRENT ASSETS

Stocks

70,853

72,248

Debtors

8,077

9,412

Cash at bank and in hand

7,364

3,317

86,294

84,977

CREDITORS

Amounts falling due within one year

196,245

207,437

NET CURRENT LIABILITIES

(109,951

)

(122,460

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(93,459

)

(103,626

)

CAPITAL AND RESERVES

Called up share capital

3

75,100

Profit and loss account

(168,559

)

(178,726

)

SHAREHOLDERS' FUNDS

(93,459

)

(103,626

)

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 director acknowledges his 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 director on 21 February 2017 and were signed by:

D C C Brunt - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements for the year ended 31st July 2016 have been prepared on a going concern basis. In making this

going- concern assessment, all information about the foreseeable future (limited to a period of not less than one year from

the date of approval of these financial statements) has been taken into account. In addition the company is relying on the

support of the director.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

10% 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 material timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

93,136

Additions

524

At 31 July 2016

93,660

DEPRECIATION

At 1 August 2015

74,302

Charge for year

2,866

At 31 July 2016

77,168

NET BOOK VALUE

At 31 July 2016

16,492

At 31 July 2015

18,834

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

75,100

Ordinary

£1

75,100

4.	RELATED PARTY DISCLOSURES

Within creditors there is an amount of £154,097 (2015: £154,701) owing to the director

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D C C Brunt.

6.

SECURITY

A mortgage debenture is in place by National Westminster Bank plc in which security is placed on equitable charge over all

freehold and leasehold properties and/or the proceeds of sale thereof, fixed and floating charges over the undertaking and

all property and assets present and future including goodwill, book debts and the benefit of any licences.

The freehold property secured by the bank is held by the Director personally.

There is also a personal guarantee by the Director on the bank overdraft for £21,373.