La Fromagerie Limited - Period Ending 2016-06-30

Registration number: 04425074

La Fromagerie Limited

 trading as La Fromagerie
 
 Abbreviated Accounts
 
 for the Year Ended 30 June 2016
 

Brooks Green
  Chartered Accountants
  Abbey House
  342 Regents Park Road
  London
  N3 2LJ

La Fromagerie Limited
trading as La Fromagerie
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
La Fromagerie Limited
trading as La Fromagerie
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of La Fromagerie Limited for the year ended 30 June 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of La Fromagerie Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of La Fromagerie Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than La Fromagerie Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that La Fromagerie Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of La Fromagerie Limited. You consider that La Fromagerie Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of La Fromagerie Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

30 March 2017

Page 1

La Fromagerie Limited
trading as La Fromagerie
(Registration number: 04425074)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					312,439			285,871
Current assets
Stocks					270,836			204,485
Debtors					454,861			347,593
Cash at bank and in hand					210,296			131,075
					935,993			683,153
Creditors: Amounts falling due within one year					(546,276)			(490,585)
Net current assets					389,717			192,568
Net assets					702,156			478,439
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					701,156			477,439
Shareholders' funds					702,156			478,439

For the year ending 30 June 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 30 March 2017 and signed on its behalf by:

...................................................... Daniel Michelson Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

La Fromagerie Limited
trading as La Fromagerie
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

The assest are written off over their estimates useful economic lives.

Asset class	Depreciation method and rate
Motor vehicles	25% RB
Fixtures and fittings	12.5% RB
Freehold properties	12.5% RB
Plant amd machinery	12.5% RB

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

La Fromagerie Limited
trading as La Fromagerie
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		734,130			734,130
Additions		74,255			74,255
At 30 June 2016		808,385			808,385
Depreciation
At 1 July 2015		448,259			448,259
Charge for the year		47,687			47,687
At 30 June 2016		495,946			495,946
Net book value
At 30 June 2016		312,439			312,439
At 30 June 2015		285,871			285,871

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary share capital of £1 each		1,000			1,000			1,000			1,000

Page 4