The Edinburgh Larder Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC362854 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2013

for

The Edinburgh Larder Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs E Cunningham

REGISTERED OFFICE:

15 Blackfriars Street

Edinburgh

EH1 1NB

REGISTERED NUMBER:

SC362854 (Scotland)

ACCOUNTANTS:

Cobalt Accountancy Scotland Ltd

121 Giles Street

Leith

Edinburgh

EH6 6BZ

FIXED ASSETS

Tangible assets

2

23,911

34,801

CURRENT ASSETS

Stocks

7,468

6,000

Debtors

3

4,323

4,354

Cash at bank and in hand

25,890

46,769

37,681

57,123

CREDITORS

Amounts falling due within one year

156,070

181,226

NET CURRENT LIABILITIES

(118,389

)

(124,103

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(94,478

)

(89,302

)

CREDITORS

Amounts falling due after more than one year

70,000

-

NET LIABILITIES

(164,478

)

(89,302

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

(165,478

)

(90,302

)

SHAREHOLDERS' FUNDS

(164,478

)

(89,302

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 31 July 2014 and were signed by:

Mrs E Cunningham - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date, the company's total liabilities exceeded its total assets. The director has

agreed the continued financial support for the foreseeable future. This will enable the company to

meet its liabilities as they fall due and the director therefore considers it appropriate to prepare the

financial statements on the going concern basis.

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).

Turnover

Turnover represents the value, excluding value added tax, of goods provided to customers and

work carried out in respect of services provided to customers.

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 etc

-

20% on cost and 10% 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

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 time differences will reverse.

Hire purchase and leasing commitments

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

and 31 October 2013

56,739

DEPRECIATION

At 1 November 2012

21,938

Charge for year

10,890

At 31 October 2013

32,828

NET BOOK VALUE

At 31 October 2013

23,911

At 31 October 2012

34,801

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 4,000 (31.10.12 - £ 4,000

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

£

1

Ordinary

£1

1,000

1,000