Bearsden Foods Ltd - Filleted accounts

Bearsden Foods Ltd - Filleted accounts

BEARSDEN FOODS LIMITED - Company Information

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Bearsden Foods Ltd
Registered number: SC502032
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Current assets
Stocks - 2,978
Cash at bank and in hand 12,021 21,154
12,021 24,132
Creditors: amounts falling due within one year 2 (99,886) (77,178)
Net current liabilities (87,865) (53,046)
Net liabilities (87,865) (53,046)
Capital and reserves
Called up share capital 100 100
Profit and loss account (87,965) (53,146)
Shareholders' funds (87,865) (53,046)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dalvinder Singh
Director
Approved by the board on 15 June 2017
Bearsden Foods Ltd
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Creditors: amounts falling due within one year 2017 2016
£ £
Other taxes and social security costs 2,751 8,012
Directors' current account 97,135 69,166
99,886 77,178
3 Related party transactions
At the balance sheet date, a sum of £97,135 was owed by the company to the director.

The loan carries no interest charge and there were no fixed repayment terms.
4 Controlling party
Harvinder Raj and Chandan Singh Gusain, both hold a beneficial interest in the share capital of the company.
5 Other information
Bearsden Foods Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
9 Kirk Road
Bearsden
Glasgow
Scotland
G61 3RG
Bearsden Foods Ltd SC502032 false 2016-04-01 2017-03-31 2017-03-31 VT Final Accounts March 2017 Dalvinder Singh No description of principal activity SC502032 core:WithinOneYear 2016-03-31 SC502032 core:ShareCapital 2016-03-31 SC502032 core:RetainedEarningsAccumulatedLosses 2016-03-31 SC502032 2016-04-01 2017-03-31 SC502032 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 SC502032 bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 SC502032 bus:Director40 2016-04-01 2017-03-31 SC502032 2 2016-04-01 2017-03-31 SC502032 countries:England 2016-04-01 2017-03-31 SC502032 bus:FRS102 2016-04-01 2017-03-31 SC502032 bus:FullAccounts 2016-04-01 2017-03-31 SC502032 2017-03-31 SC502032 core:WithinOneYear 2017-03-31 SC502032 core:ShareCapital 2017-03-31 SC502032 core:RetainedEarningsAccumulatedLosses 2017-03-31 SC502032 2016-03-31 iso4217:GBP