SQUASHED_TOMATO_LIMITED - Accounts

SQUASHED TOMATO LIMITED - Company Information

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Company Registration No. 05851349 (England and Wales)

SQUASHED TOMATO LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

SQUASHED TOMATO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SQUASHED TOMATO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

876

Current assets

Stocks

26,016

15,307

Debtors

212

2,153

Cash at bank and in hand

66,525

59,737

92,753

77,197

Creditors: amounts falling due within one year

(53,151)

(52,929)

Net current assets

39,602

24,268

Total assets less current liabilities

39,616

25,144

Capital and reserves

Called up share capital

500

Profit and loss account

39,116

24,644

Shareholders' funds

39,616

25,144

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 December 2014

Zoe Hiles

Director

Company Registration No. 05851349

SQUASHED TOMATO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The directors, having regard to the nature, size and complexity of the business, have assessed the financial risks affecting the company and its operations for the 12 months from the approval of the financial statements and consider it appropriate to prepare the financial statements on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is also gross of charity contributions.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Equipment

33% Straight line

Website

33% Straight line

1.5

Stock

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

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

SQUASHED TOMATO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

19,585

Depreciation

At 1 April 2013

18,709

Charge for the year

862

At 31 March 2014

19,571

Net book value

At 31 March 2014

At 31 March 2013

876

Share capital

2014

2013

Allotted, called up and fully paid

500 Ordinary shares of £1 each

500