FAIRVIEW GROCERS LTD - Abbreviated accounts 16.3

REGISTERED NUMBER: 05297505 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

FAIRVIEW GROCERS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P Paksher

SECRETARY:

Mrs N Paksher

REGISTERED OFFICE:

115 Craven Park Road

Stamford Hill

London

N15 6BL

REGISTERED NUMBER:

05297505 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

2

81,161

84,606

CURRENT ASSETS

Stocks

54,200

87,800

Debtors

58,495

50,760

Cash at bank and in hand

34,253

46,519

146,948

185,079

CREDITORS

Amounts falling due within one year

109,039

121,645

NET CURRENT ASSETS

37,909

63,434

TOTAL ASSETS LESS CURRENT
LIABILITIES

119,070

148,040

CREDITORS

Amounts falling due after more than one
year

3

24,592

30,000

NET ASSETS

94,478

118,040

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

94,378

117,940

SHAREHOLDERS' FUNDS

94,478

118,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 12 September 2016 and were signed by:

Mr P Paksher - 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.

Improvements to property

-

not provided

Fixtures and fittings

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

111,777

DEPRECIATION

At 1 June 2015

27,171

Charge for year

3,445

At 31 May 2016

30,616

NET BOOK VALUE

At 31 May 2016

81,161

At 31 May 2015

84,606

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.5.16

31.5.15

£

Repayable by instalments

24,592

30,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

100

Ordinary

£1

100