Abbreviated Company Accounts - FOOD LORDS LTD

Registered Number 07293165

FOOD LORDS LTD

Abbreviated Accounts

31 May 2016

FOOD LORDS LTD Registered Number 07293165

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	43,122	757
Investments	3	525,400	528,600
		568,522	529,357
Current assets
Debtors		8,156	-
Cash at bank and in hand		14,143	26,384
		22,299	26,384
Creditors: amounts falling due within one year		(143,916)	(94,544)
Net current assets (liabilities)		(121,617)	(68,160)
Total assets less current liabilities		446,905	461,197
Creditors: amounts falling due after more than one year		(384,414)	(407,374)
Total net assets (liabilities)		62,491	53,823
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		35,576	35,576
Profit and loss account		25,915	17,247
Shareholders' funds		62,491	53,823

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 February 2017

And signed on their behalf by:
G Bogadala, Director

FOOD LORDS LTD Registered Number 07293165

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at 25% on reducing balance basis.

2Tangible fixed assets

	£
Cost
At 1 June 2015	1,512
Additions	56,990
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	58,502
Depreciation
At 1 June 2015	755
Charge for the year	14,625
On disposals	-
At 31 May 2016	15,380
Net book values
At 31 May 2016	43,122
At 31 May 2015	757

3Fixed assets Investments
The investment properties are shown at valuation as valued by the Directors on 31 May 2016.