ISLAND SALADS LTD

ISLAND SALADS LTD

ISLAND SALADS LTD - Company Information

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ISLAND SALADS LTD

Company Registration Number:
NI051821 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

ISLAND SALADS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

ISLAND SALADS LTD

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 3 172,800 194,400
Tangible assets: 4 322,412 307,889
Total fixed assets: 495,212 502,289
Current assets
Stocks: 68,889 55,320
Debtors: 5 1,248,791 574,693
Cash at bank and in hand: 629,330 1,149,335
Total current assets: 1,947,010 1,779,348
Creditors: amounts falling due within one year: 6 (490,230) (448,287)
Net current assets (liabilities): 1,456,780 1,331,061
Total assets less current liabilities: 1,951,992 1,833,350
Creditors: amounts falling due after more than one year: 7 (41,158) (25,480)
Total net assets (liabilities): 1,910,834 1,807,870
Capital and reserves
Called up share capital: 2 2
Other reserves: 2,874 5,070
Profit and loss account: 1,907,958 1,802,798
Shareholders funds: 1,910,834 1,807,870

The notes form part of these financial statements

ISLAND SALADS LTD

Balance sheet statements

For the year ending 31 December 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 April 2018
and signed on behalf of the board by:

Name: Conor Maguire
Status: Director

The notes form part of these financial statements

ISLAND SALADS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ISLAND SALADS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 27 41

ISLAND SALADS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Intangible Assets

Total
Cost £
At 01 January 2017 216,000
At 31 December 2017 216,000
Amortisation
At 01 January 2017 21,600
Charge for year 21,600
At 31 December 2017 43,200
Net book value
At 31 December 2017 172,800
At 31 December 2016 194,400

ISLAND SALADS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Tangible Assets

Total
Cost £
At 01 January 2017 1,019,000
Additions 91,250
Disposals (312,186)
At 31 December 2017 798,064
Depreciation
At 01 January 2017 711,111
Charge for year 70,344
On disposals (305,803)
At 31 December 2017 475,652
Net book value
At 31 December 2017 322,412
At 31 December 2016 307,889

ISLAND SALADS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

5. Debtors

2017
£
Debtors due after more than one year: 508,350

ISLAND SALADS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

6. Creditors: amounts falling due within one year note

Bank- £9,330HP- £28,583Trade- £398,759Tax- £37,321Accruals- £16,327

ISLAND SALADS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

7. Creditors: amounts falling due after more than one year note

HP- £41,158