Company Registration No. 05254049 (England and Wales)
FOOD OF EXCELLENCE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2015
FOOD OF EXCELLENCE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
FOOD OF EXCELLENCE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2013
Notes
£
£
£
£
Current assets
Debtors
2
7,179
89,000
Cash at bank and in hand
-
5,500
7,179
94,500
Creditors: amounts falling due within one year
(7,177)
(62,242)
Total assets less current liabilities
2
32,258
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
1
32,257
Shareholders' funds
2
32,258
For the financial Period ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The director acknowledges his 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 3 December 2015
Mr A Calleja
Director
Company Registration No. 05254049
FOOD OF EXCELLENCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 APRIL 2015
- 2 -
1
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).
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.
1.4
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.
1.5
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:
Improvements to property
5% on cost
Fixtures, fittings & equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
2
Debtors
Debtors include an amount of £0 (2013 - £89,000) which is due after more than one year.
3
Share capital
2015
2013
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1