Mike Roberts Foodstores Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 01330494 (England and Wales)

MIKE ROBERTS FOODSTORES LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A Singh

Mrs P K Jhutty

REGISTERED OFFICE:

8 Chattock Avenue

Solihull

West Midlands

B91 2QX

REGISTERED NUMBER:

01330494 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Tangible assets

2

66,100

66,465

CURRENT ASSETS

Stocks

78,356

89,956

Debtors

31,117

38,280

Investments

1,750

Cash at bank and in hand

34,755

31,205

145,978

161,191

CREDITORS

Amounts falling due within one year

184,984

201,061

NET CURRENT LIABILITIES

(39,006

)

(39,870

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,094

26,595

PROVISIONS FOR LIABILITIES

12,024

11,835

NET ASSETS

15,070

14,760

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

15,066

14,756

SHAREHOLDERS' FUNDS

15,070

14,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17 March 2017 and were signed on its behalf by:

Mr A Singh - Director

Mrs P K Jhutty - 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

306,447

Additions

11,854

At 30 September 2016

318,301

DEPRECIATION

At 1 October 2015

239,982

Charge for year

12,219

At 30 September 2016

252,201

NET BOOK VALUE

At 30 September 2016

66,100

At 30 September 2015

66,465

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

4

Ordinary

1

4