Berry Blue Limited Small abridged accounts

BERRY BLUE LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Berry Blue Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 5645132

Berry Blue Limited

Filleted Unaudited Abridged Financial Statements

31 December 2016

Berry Blue Limited

Abridged Financial Statements

Year ended 31 December 2016

Contents	Page

Officers and professional advisers	1

Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements	2

Abridged statement of financial position	3

Notes to the abridged financial statements	5

Berry Blue Limited

Officers and Professional Advisers

Director	Mr J R Brown

Company secretary	Ms L Brown

Registered office	Upper Upthorpe Farm
	11 Upthorpe
	Cam
	Gloucestershire
	GL11 5HR

Accountants	Roger C Oaten
	Chartered accountant
	Ground Floor
	23 Westfield Park
	Redland
	Bristol
	BS6 6LT

Berry Blue Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of Berry Blue Limited

Year ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Berry Blue Limited for the year ended 31 December 2016, which comprise the abridged statement of financial position 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 www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Berry Blue Limited in accordance with the terms of our engagement letter dated 12 May 2006. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Berry Blue Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Berry Blue Limited and its director for our work or for this report.

It is your duty to ensure that Berry Blue Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Berry Blue Limited. You consider that Berry Blue 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 abridged financial statements of Berry Blue 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 abridged financial statements.

Roger C Oaten Chartered accountant

Ground Floor 23 Westfield Park Redland Bristol BS6 6LT

Berry Blue Limited

Abridged Statement of Financial Position

31 December 2016

	2016		2015
Note	£	£	£

Fixed assets

Intangible assets	5	6,666	13,333
Tangible assets	6	120,293	107,691
		---------	---------
		126,959	121,024

Current assets

Stocks	15,044	11,971
Debtors	57,303	59,889
Cash at bank and in hand	6,449	24,858
	--------	--------
	78,796	96,718

Creditors: amounts falling due within one year	502,296		475,626
	---------		---------
Net current liabilities		423,500	378,908
		---------	---------
Total assets less current liabilities		( 296,541)	( 257,884)

Creditors: amounts falling due after more than one year	–	1,266
	---------	---------
Net liabilities	( 296,541)	( 259,150)
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 296,543)	( 259,152)
	---------	---------
Members deficit	( 296,541)	( 259,150)
	---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Berry Blue Limited

Abridged Statement of Financial Position (continued)

31 December 2016

These abridged financial statements were approved by the board of directors and authorised for issue on 27 September 2017 , and are signed on behalf of the board by:

Mr J R Brown
Director

Company registration number: 5645132

Berry Blue Limited

Notes to the Abridged Financial Statements

Year ended 31 December 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Upper Upthorpe Farm, 11 Upthorpe, Cam, Gloucestershire, GL11 5HR.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts are prepared on the going concern basis due to the continued support of the directors. There was a net deficiency of assets at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year, including the director, amounted to 100 (2015: 100 ).

5. Intangible assets

	£
Cost
At 1 January 2016 and 31 December 2016	26,667
	--------
Amortisation
At 1 January 2016	13,334
Charge for the year	6,667
	--------
At 31 December 2016	20,001
	--------
Carrying amount
At 31 December 2016	6,666
	--------
At 31 December 2015	13,333
	--------

The goodwill relates to the purchase of a business during the year.

6. Tangible assets

	£
Cost
At 1 January 2016	229,679
Additions	35,882
	---------
At 31 December 2016	265,561
	---------
Depreciation
At 1 January 2016	121,988
Charge for the year	23,280
	---------
At 31 December 2016	145,268
	---------
Carrying amount
At 31 December 2016	120,293
	---------
At 31 December 2015	107,691
	---------

7. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2016	2015
	£	£
Later than 1 year and not later than 5 years	21,500	21,500
	--------	--------

8. Related party transactions

The company was under the control of Mr J R Brown throughout the current year. Mr J R Brown is the managing director and equal shareholder No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

9. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

No transitional adjustments were required in equity or profit or loss for the year.