NORDIC BAKERY SOHO LIMITED - Abbreviated accounts

NORDIC BAKERY SOHO LIMITED - Company Information

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Registered number

05988588

NORDIC BAKERY SOHO LIMITED

Abbreviated Accounts

28 February 2014

AG Kakouris Limited

Chartered Certified Accountants

NORDIC BAKERY SOHO LIMITED						Registered number
						05988588
Abbreviated Balance Sheet
as at 28 February 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		-			1,785

Current assets
Debtors		9,277			4,691
Cash at bank and in hand		11,324			11,511
		20,601			16,202

Creditors: amounts falling due within one year		(300)			(14,480)

Net current assets			20,301			1,722

Total assets less current liabilities			20,301			3,507

Creditors: amounts falling due after more than one year			(92,100)			(73,806)



Net liabilities			(71,799)			(70,299)

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			(71,800)			(70,300)

Shareholders' funds			(71,799)			(70,299)

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.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Approved by the board on 12 June 2014




Ms M Mink
Director

NORDIC BAKERY SOHO LIMITED
Notes to the Abbreviated Accounts
for the year ended 28 February 2014

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.

	Plant and machinery			25% on reducing balance

	The company has adopted the policy of not to depreciate the asset in the year of purchase, however full depreciation will be provided in the year of disposal.

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Going concern
	These accounts have been prepared on a going concern basis as indicated in note 5.


2	Tangible fixed assets					£

	Cost
	At 1 March 2013					2,497
	Disposals					(2,497)
	At 28 February 2014					-

	Depreciation
	At 1 March 2013					712
	On disposals					(712)
	At 28 February 2014					-

	Net book value
	At 28 February 2014					-
	At 28 February 2013					1,785


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1



4	Ultimate controlling party

	The ultimate parent company is Nordic Bakery Ltd, a company registered in England and Wales, holding 100% shares of the ordinary shares of the company.


5	Going concern

	As at the balance sheet date the company had a net liability of £71,799 (2013: £70,299) and a loss for the period of £1,500 (2013: 2,626) The company has ceased to trade on 31 May 2012.