The Family Bread Ltd - Limited company - abbreviated

REGISTERED NUMBER: 07489777 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

THE FAMILY BREAD LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Springer

A Wajnsztok

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

07489777 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Intangible assets

2

1,002

1,503

Tangible assets

3

29,914

22,255

30,916

23,758

CURRENT ASSETS

Stocks

13,500

1,500

Debtors

89,902

78,976

Cash at bank

39,122

14,181

142,524

94,657

CREDITORS

Amounts falling due within one year

114,736

91,874

NET CURRENT ASSETS

27,788

2,783

TOTAL ASSETS LESS CURRENT
LIABILITIES

58,704

26,541

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

58,702

26,539

SHAREHOLDERS' FUNDS

58,704

26,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 16 July 2014 and were signed on its behalf by:

J Springer - Director

A Wajnsztok - Director

1.	ACCOUNTING POLICIES

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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

2,505

AMORTISATION

At 1 May 2013

1,002

Amortisation for year

501

At 30 April 2014

1,503

NET BOOK VALUE

At 30 April 2014

1,002

At 30 April 2013

1,503

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

29,297

Additions

13,000

At 30 April 2014

42,297

DEPRECIATION

At 1 May 2013

7,042

Charge for year

5,341

At 30 April 2014

12,383

NET BOOK VALUE

At 30 April 2014

29,914

At 30 April 2013

22,255

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

2

Ordinary

£1

2

The Family Bread Ltd - Limited company - abbreviated - 11.0.0

The Family Bread Ltd - Limited company - abbreviated - 11.0.0