| FRANKIRK FOODS LIMITED |
| Registered number: |
01278412 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,949 |
|
|
4,925 |
|
| Current assets |
| Stocks |
|
|
780 |
|
|
950 |
| Debtors |
|
|
18,448 |
|
|
23,948 |
| Cash at bank and in hand |
|
|
3,746 |
|
|
1,603 |
|
|
|
22,974 |
|
|
26,501 |
|
| Creditors: amounts falling due within one year |
|
|
(46,114) |
|
|
(49,796) |
|
| Net current liabilities |
|
|
|
(23,140) |
|
|
(23,295) |
|
| Total assets less current liabilities |
|
|
|
(20,191) |
|
|
(18,370) |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(5,000) |
|
|
(5,000) |
|
|
|
| Net liabilities |
|
|
|
(25,191) |
|
|
(23,370) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Capital redemption reserve |
|
|
|
506 |
|
|
506 |
| Profit and loss account |
|
|
|
(25,797) |
|
|
(23,976) |
|
| Shareholders' funds |
|
|
|
(25,191) |
|
|
(23,370) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| K.Kunaseelan |
| Director |
| Approved by the board on 30 March 2017 |
|
| FRANKIRK FOODS LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Lease hold property |
Straight line over the life of the lease |
|
Plant and machinery |
25% reducing balance |
|
Furnitures & fittings |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
119,627 |
|
At 31 March 2016 |
119,627 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
114,702 |
|
Charge for the year |
1,976 |
|
At 31 March 2016 |
116,678 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
2,949 |
|
At 31 March 2015 |
4,925 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
