Norfolk Refrigeration Catering Limited
|
For the year ended 31 December 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05652510
Norfolk Refrigeration Catering Limited
For the year ended 31 December 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Norfolk Refrigeration Catering Limited
Accountants' Report
For the year ended 31 December 2015
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of
|
Norfolk Refrigeration Catering Limited for the year ended
31
December
2015
which comprise the Profit and Loss Account
,
|
the Balance Sheet and the related notes from the company
'
s accounting records and from information and explanations
|
you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of Norfolk Refrigeration Catering Limited
,
as a body
,
in accordance with
|
the terms of our engagement letter
.
Our work has been undertaken solely to prepare for your approval the accounts of
|
Norfolk Refrigeration Catering Limited and state those matters that we have agreed to state to the Board of Directors of
|
Norfolk Refrigeration Catering Limited
,
as a body
,
in this report in accordance with the requirements of the Association of
|
Chartered Certified Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest extent permitted
|
by law
,
we do not accept or assume responsibility to anyone other than Norfolk Refrigeration Catering Limited and its
|
Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that Norfolk Refrigeration Catering Limited has kept adequate accounting records and to prepare
|
statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Norfolk Refrigeration
|
Catering Limited
.
You consider that Norfolk Refrigeration Catering Limited is exempt from the statutory audit requirement
|
for the year
.
|
Steve Pye & Co.
Chartered Certified Accountants
The Pink House
Estuary Road
King's Lynn
PE30 2HJ
30 April 2016
1 of 4
Abbreviated Balance Sheet
|
Norfolk Refrigeration Catering Limited
2015
2014
2
13,039
17,211
13,039
17,211
3,464
3,872
37,963
41,730
69,205
55,427
114,807
96,854
Creditors
:
amounts falling due within one year
|
(86,031)
(104,121)
10,823
10,686
Net current assets
Total assets less current liabilities
|
23,725
28,034
(2,608)
(3,442)
Provisions for liabilities
|
21,117
Net assets
24,592
100
3
100
21,017
24,492
21,117
24,592
Shareholders funds
For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) 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.
|
Date approved by the board: 30 April 2016
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
|
Norfolk Refrigeration Catering Limited
For the year ended 31 December 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
Contributions
|
payable are charged to the profit and loss account in the period in which they are payable
.
|
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
|
shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Motor Vehicles
Fixtures and Fittings
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
Norfolk Refrigeration Catering Limited
For the year ended 31 December 2015
30,295
175
30,470
13,084
4,347
Charge for year
17,431
13,039
17,211
Allotted called up and fully paid
|
2015
2014
100
Ordinary shares of £
1
.
00
each
|
100
100
100
100
4 of 4