FUUD_LIMITED - Accounts

FUUD LIMITED - Company Information

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Company Registration No. 5469605 (England and Wales)

FUUD LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

FUUD LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

FUUD LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

3,750

Tangible assets

45,159

48,438

45,159

52,188

Current assets

Stocks

9,096

4,952

Debtors

34,212

23,768

Cash at bank and in hand

41,193

20,808

84,501

49,528

Creditors: amounts falling due within one year

(70,877)

(116,978)

Net current assets/(liabilities)

13,624

(67,450)

Total assets less current liabilities

58,783

(15,262)

Creditors: amounts falling due after more than one year

(50,000)

Provisions for liabilities

(8,516)

(2,895)

267

(18,157)

Capital and reserves

Called up share capital

100

Profit and loss account

167

(18,257)

Shareholders' funds

267

(18,157)

FUUD 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 for issue on 31 March 2017

R A James

Director

Company Registration No. 5469605

FUUD 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 8 years, which is the length of the lease held.

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:

Land and buildings Leasehold

10% straight line

Plant and machinery

15% reducing balance

Computer equipment

40% reducing balance

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

25% reducing balance

1.6

Stock

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

1.7

Revenue recognition

Turnover is recognised over the period the service is provided to the customer.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.9

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.

FUUD 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

30,000

91,364

121,364

Additions

7,946

Disposals

(1,500)

At 30 June 2016

30,000

97,810

127,810

Depreciation

At 1 July 2015

26,250

42,926

69,176

On disposals

(656)

Charge for the year

3,750

10,381

14,131

At 30 June 2016

30,000

52,651

82,651

Net book value

At 30 June 2016

45,159

At 30 June 2015

3,750

48,438

52,188

Creditors: amounts falling due after more than one year

2016

2015

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100