CARDIFF_FOOD_LIMITED - Accounts

CARDIFF FOOD LIMITED - Company Information

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Company Registration No. 08555959 (England and Wales)

CARDIFF FOOD LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

CARDIFF FOOD LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CARDIFF FOOD LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

170

Tangible assets

47,602

18,836

47,772

19,006

Current assets

Stocks

12,673

15,587

Debtors

18,240

19,937

Cash at bank and in hand

5,466

9,235

36,379

44,759

Creditors: amounts falling due within one year

(81,262)

(81,269)

Net current liabilities

(44,883)

(36,510)

Total assets less current liabilities

2,889

(17,504)

Creditors: amounts falling due after more than one year

80,151

67,722

83,040

50,218

Capital and reserves

Called up share capital

100

Profit and loss account

82,940

50,118

Shareholders' funds

83,040

50,218

CARDIFF FOOD LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 12 October 2016

C Furlong

Director

Company Registration No. 08555959

CARDIFF FOOD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

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 less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% reducing balance

Computer equipment

20 % reducing balance

Fixtures, fittings & equipment

20% reducing balance

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

CARDIFF FOOD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2015

170

26,342

26,512

Additions

36,248

At 30 June 2016

170

62,590

62,760

Depreciation

At 1 July 2015

7,507

Charge for the year

7,481

At 30 June 2016

14,988

Net book value

At 30 June 2016

170

47,602

47,772

At 30 June 2015

170

18,836

19,006

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100