Abbreviated Company Accounts - FRESCO CAKES LTD

Abbreviated Company Accounts - FRESCO CAKES LTD

FRESCO CAKES LTD - Company Information

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Registered Number 06559948

FRESCO CAKES LTD

Abbreviated Accounts

30 April 2014

FRESCO CAKES LTD Registered Number 06559948

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 639,642 617,790
639,642 617,790
Current assets
Stocks 140,050 123,520
Debtors 3 33,501 38,689
Cash at bank and in hand - 589
173,551 162,798
Creditors: amounts falling due within one year (921,464) (810,086)
Net current assets (liabilities) (747,913) (647,288)
Total assets less current liabilities (108,271) (29,498)
Provisions for liabilities (5,911) (6,592)
Total net assets (liabilities) (114,182) (36,090)
Capital and reserves
Called up share capital 1,430 1,430
Share premium account 184,570 184,570
Profit and loss account (300,182) (222,090)
Shareholders' funds (114,182) (36,090)
  • For the year ending 30 April 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 January 2015

And signed on their behalf by:
ZAHOOR AHMED SALEEM, Director

FRESCO CAKES LTD Registered Number 06559948

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
TURNOVER REPRESENTS NET INVOICED SALES OF GOODS EXCLUDING VALUE ADDED TAX.

Tangible assets depreciation policy
DEPRECIATION IS PROVIDED AT THE RATES IN ORDER TO WRITE OFF EACH ASSETS OVER ITS USEFUL LIFE.

Other accounting policies
STOCKS
STOCKS ARE VALUED AT THE LOWER OF COST AND NET REALISABLE VALUE, AFTER MAKING DUE ALLOWANCE FOR OBSOLETE AND SLOW MOVING ITEMS.

2Tangible fixed assets
£
Cost
At 1 May 2013 789,004
Additions 75,447
Disposals -
Revaluations -
Transfers -
At 30 April 2014 864,451
Depreciation
At 1 May 2013 171,214
Charge for the year 53,595
On disposals -
At 30 April 2014 224,809
Net book values
At 30 April 2014 639,642
At 30 April 2013 617,790
3Debtors
2014
£		 2013
£
Debtors include the following amounts due after more than one year 33,501 38,689