Company Registration No. 3460445 (England and Wales)
FIJI FRUIT & VEGETABLES LONDON LIMITED
Unaudited accounts
for the year ended 31 May 2017
FIJI FRUIT & VEGETABLES LONDON LIMITED
Unaudited accounts
Contents
FIJI FRUIT & VEGETABLES LONDON LIMITED
Company Information
for the year ended 31 May 2017
Director
Anvar Ahmed Patel
Company Number
3460445 (England and Wales)
Registered Office
12 AND 13 ARCHES
NEW COVENT GARDEN MARKET
LONDON
SW8 5PP
Accountants
QUBA Accounts & Taxation
Suite 203E, CIBA Building
146 Hagley Road
Birmingham
West Midlands
B16 9NX
FIJI FRUIT & VEGETABLES LONDON LIMITED
Statement of financial position
as at
31 May 2017
Intangible assets
11,450
13,740
Tangible assets
8,362
9,352
Cash at bank and in hand
8,700
7,363
Creditors: amounts falling due within one year
(19,553)
(33,120)
Net current assets
18,769
2,800
Called up share capital
1,000
1,000
Profit and loss account
37,581
24,892
Shareholders' funds
38,581
25,892
For the year ending 31 May 2017 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 May 2018.
Anvar Ahmed Patel
Director
Company Registration No. 3460445
FIJI FRUIT & VEGETABLES LONDON LIMITED
Notes to the Accounts
for the year ended 31 May 2017
FIJI FRUIT & VEGETABLES LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 3460445. The registered office is 12 AND 13 ARCHES, NEW COVENT GARDEN MARKET, LONDON, SW8 5PP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
FIJI FRUIT & VEGETABLES LONDON LIMITED
Notes to the Accounts
for the year ended 31 May 2017
4
Intangible fixed assets
Goodwill
Charge for the year
2,290
5
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Finished goods
7,211
8,711
Trade debtors
16,601
15,406
Other debtors
5,810
4,440
FIJI FRUIT & VEGETABLES LONDON LIMITED
Notes to the Accounts
for the year ended 31 May 2017
8
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
272
3,986
Other creditors
3,673
3,526
Loans from directors
15,608
25,608
9
Share capital
2017
2016
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Average number of employees
During the year the average number of employees was 10 (2016: 10).