The Golden Dairy Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07088098 (England and Wales)

The Golden Dairy Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

Mr J D Rolfs

SECRETARY:

REGISTERED OFFICE:

Sarn Gwm Dairy

Bethesda

Narberth

Haverford West

Pembrokeshire

SA67 8HG

REGISTERED NUMBER:

07088098 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

237 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The Golden Dairy Limited for the year ended 31 March 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of The Golden Dairy Limited in accordance with our terms of engagement.

Our work has been undertaken solely to prepare for your approval the financial statements of The Golden Dairy

Limited and state those matters that we have agreed to state to the director of The Golden Dairy Limited in this report

in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that The Golden Dairy Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Golden

Dairy Limited. You consider that The Golden Dairy Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of The Golden Dairy Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

237 Kennington Lane

London

SE11 5QU

19 November 2014

FIXED ASSETS

Tangible assets

2

77,126

90,737

CURRENT ASSETS

Stocks

11,154

-

Debtors

50,950

893

Cash at bank

990

10,459

63,094

11,352

CREDITORS

Amounts falling due within one year

186,458

155,742

NET CURRENT LIABILITIES

(123,364

)

(144,390

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,238

)

(53,653

)

CAPITAL AND RESERVES

Called up share capital

3

50

50

Profit and loss account

(46,288

)

(53,703

)

SHAREHOLDERS' FUNDS

(46,238

)

(53,653

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 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 19 November 2014 and were signed by:

Mr J D Rolfs - 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 April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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

-

15% 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.

Cost is based on a first in first out method of stock valuation. Net realisable value is the selling price less cost to

sell.

Going concern

The company is dependent on the financial support from the director of the company. The director expects that

this support will continue. On this basis, the director considers it appropriate to prepare the financial statements

on the going concern basis. The financial statements do not include any adjustments that would result from

withdrawal of this support.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

124,546

DEPRECIATION

At 1 April 2013

33,809

Charge for year

13,611

At 31 March 2014

47,420

NET BOOK VALUE

At 31 March 2014

77,126

At 31 March 2013

90,737

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

50

Ordinary

£1

50

50