Biofresh UK Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06704327 (England and Wales)

BIOFRESH UK LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K M McDermott

Mrs C McDermott

REGISTERED OFFICE:

35 Shrubbery Close

Fareham

Hampshire

PO16 9BX

REGISTERED NUMBER:

06704327 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Intangible assets

2

2,400

3,600

Tangible assets

3

2,364

4,878

4,764

8,478

CURRENT ASSETS

Stocks

1,200

1,600

Debtors

6,771

7,228

Cash at bank

2,621

13,417

10,592

22,245

CREDITORS

Amounts falling due within one year

4

10,613

23,677

NET CURRENT LIABILITIES

(21

)

(1,432

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,743

7,046

CREDITORS

Amounts falling due after more than one
year

4

-

(3,171

)

PROVISIONS FOR LIABILITIES

(473

)

(975

)

NET ASSETS

4,270

2,900

CAPITAL AND RESERVES

Called up share capital

5

10

Profit and loss account

4,260

2,890

SHAREHOLDERS' FUNDS

4,270

2,900

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 10 May 2017 and were signed on its
behalf by:

K M McDermott - 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 sales of services for the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on cost

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

12,000

AMORTISATION

At 1 October 2015

8,400

Amortisation for year

1,200

At 30 September 2016

9,600

NET BOOK VALUE

At 30 September 2016

2,400

At 30 September 2015

3,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

11,052

DEPRECIATION

At 1 October 2015

6,174

Charge for year

2,514

At 30 September 2016

8,688

NET BOOK VALUE

At 30 September 2016

2,364

At 30 September 2015

4,878

4.

CREDITORS

Creditors include an amount of £ 3,171 (2015 - £ 6,238 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

Ordinary

£1

10

6.	RELATED PARTY DISCLOSURES

K M McDermott

2016

2015

£

Amount due to related party at the balance sheet date

1,673

13,117

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, Mr K M McDermott and Mrs C McDermott, who jointly own

the entire share capital.