Foodari Limited
Foodari Limited
Registered number: 06269589
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2017
Foodari Limited
Unaudited Financial Statements
For The Year Ended 30 June 2017
Unaudited Financial Statements
| Contents | |
| Page | |
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| Company Information | 1 |
| Abridged Balance Sheet | 2—3 |
| Notes to the Abridged Financial Statement | 4—6 |
Foodari Limited
Company Information
For The Year Ended 30 June 2017
Company Information
| Directors |
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| Secretary |
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| Company Number |
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| Registered Office | Howletts Farm, Knockwood Lane |
| Molash | |
| Canterbury | |
| Kent | |
| CT4 8HW | |
Page 1
Foodari Limited
Abridged Balance Sheet
As at
30 June 2017
Abridged Balance Sheet
Registered number:
06269589
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 262,418 | 205,988 | |||
Page 2
Foodari Limited
Abridged Balance Sheet (continued)
As at
30 June 2017
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2017 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
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The notes on pages 4 to 6 form part of these financial statements.
Page 3
Foodari Limited
Notes to the Unaudited Accounts
For The Year Ended 30 June 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Fixtures & Fittings |
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| Office Equipment |
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1.5.
Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.6.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs.
1.7.
Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
1.8.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 4
Foodari Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
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4.
Tangible Assets
| Total | |
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| Additions |
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| Depreciation | |
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| Provided during the period |
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| Net Book Value | |
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6.
Pension Commitments
The company operates a defined contribution pension scheme for all staff qualifying staff in accordance with UK requirements. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid current contributions of £905 (2016: £Nil) were due to the fund. They are included in Other Creditors.
7.
Transition to FRS 102
The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.
Page 5
Foodari Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
8.
General Information
Foodari Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06269589 . The registered office is Howletts Farm, Knockwood Lane, Molash, Canterbury, Kent, CT4 8HW.
Page 6