FAIRVIEW GROCERS LTD - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05297505 (England and Wales)

REPORT OF THE DIRECTOR AND

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

FAIRVIEW GROCERS LTD

Page

Company Information

1

Report of the Director

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr P Paksher

SECRETARY:

Mrs N Paksher

REGISTERED OFFICE:

115 Craven Park Road

Stamford Hill

London

N15 6BL

REGISTERED NUMBER:

05297505 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

The director presents her report with the financial statements of the company for the year ended 31 May 2017.

DIRECTOR

Mr P Paksher held office during the whole of the period from 1 June 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mrs N Paksher - Secretary

5 July 2017

FIXED ASSETS

Tangible assets

4

81,804

81,161

CURRENT ASSETS

Stocks

88,200

54,200

Debtors

57,713

58,495

Cash at bank and in hand

24,372

34,253

170,285

146,948

CREDITORS

Amounts falling due within one year

136,797

109,039

NET CURRENT ASSETS

33,488

37,909

TOTAL ASSETS LESS CURRENT LIABILITIES

115,292

119,070

CREDITORS

Amounts falling due after more than one year

5

18,848

24,592

NET ASSETS

96,444

94,478

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6

96,344

94,378

SHAREHOLDERS' FUNDS

96,444

94,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5 July 2017 and were signed by:

Mr P Paksher - Director

1.	STATUTORY INFORMATION

FAIRVIEW GROCERS LTD is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

not provided

Fixtures and fittings

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

111,777

Additions

4,200

At 31 May 2017

115,977

DEPRECIATION

At 1 June 2016

30,616

Charge for year

3,557

At 31 May 2017

34,173

NET BOOK VALUE

At 31 May 2017

81,804

At 31 May 2016

81,161

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.5.17

31.5.16

£

£

Repayable by instalments

Bank loans more 5 yr by instal

18,848

24,592

6.

RESERVES

Retained

earnings

£

At 1 June 2016

94,378

Profit for the year

27,966

Dividends

(26,000

)

At 31 May 2017

96,344