Fresh Grimsby Fish Limited - Abbreviated accounts 16.3

Fresh Grimsby Fish Limited - Abbreviated accounts 16.3

FRESH GRIMSBY FISH LIMITED - Company Information

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REGISTERED NUMBER: 04508875 (England and Wales)

















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

FRESH GRIMSBY FISH LIMITED

FRESH GRIMSBY FISH LIMITED (REGISTERED NUMBER: 04508875)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

FRESH GRIMSBY FISH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2016







DIRECTOR: Mr J Douglass





REGISTERED OFFICE: 34 Albery Way
New Waltham
Grimsby
North East Lincs
DN36 4WF





REGISTERED NUMBER: 04508875 (England and Wales)





ACCOUNTANTS: Blow Abbott Limited
36 High Street
Cleethorpes
North East Lincs
DN35 8JN
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FRESH GRIMSBY FISH LIMITED (REGISTERED NUMBER: 04508875)

ABBREVIATED BALANCE SHEET
31 AUGUST 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 1,162
Tangible assets 3 15,378 32,294
15,378 33,456

CURRENT ASSETS
Stocks 250 500
Debtors 2,549 24,755
Cash at bank and in hand 26,168 77,524
28,967 102,779
CREDITORS
Amounts falling due within one year 13,964 105,203
NET CURRENT ASSETS/(LIABILITIES) 15,003 (2,424 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
30,381
31,032

PROVISIONS FOR LIABILITIES - 6,691
NET ASSETS 30,381 24,341

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 30,380 24,340
SHAREHOLDERS' FUNDS 30,381 24,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

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FRESH GRIMSBY FISH LIMITED (REGISTERED NUMBER: 04508875)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2016


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 director on 17 May 2017 and were signed by:





Mr J Douglass - Director


The notes form part of these abbreviated accounts

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FRESH GRIMSBY FISH LIMITED (REGISTERED NUMBER: 04508875)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016


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.

Intangible assets
The website and software have been purchased during 2014 and are being amortised evenly over
their estimated useful life of 4 years.

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 - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost and 15% on cost

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 1,550
Disposals (1,550 )
At 31 August 2016 -
AMORTISATION
At 1 September 2015 388
Eliminated on disposal (388 )
At 31 August 2016 -
NET BOOK VALUE

At 31 August 2016 -
At 31 August 2015 1,162

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FRESH GRIMSBY FISH LIMITED (REGISTERED NUMBER: 04508875)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 55,304
Additions 1,344
Disposals (16,288 )
At 31 August 2016 40,360
DEPRECIATION
At 1 September 2015 23,010
Charge for year 6,480
Eliminated on disposal (4,508 )
At 31 August 2016 24,982
NET BOOK VALUE
At 31 August 2016 15,378
At 31 August 2015 32,294

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st August 2016 the company owed Mr J Douglass £6,205 (2015: £46,162). No interest was
payable on the loan.

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