Company Registration No. 05872386 (England and Wales)
Everest Ices (London) Limited
Unaudited accounts
for the year ended 31 December 2016
Everest Ices (London) Limited
Unaudited accounts
Contents
Everest Ices (London) Limited
Company Information
for the year ended 31 December 2016
Director
Mr Madhoo Mahadooa
Company Number
05872386 (England and Wales)
Registered Office
10 Ammanford Green
Ruthin Close
London
NW9 7SA
Accountants
Ghumra & Co Limited
24 Vulcan House
Vulcan Road
Leicester
LE5 3EF
Everest Ices (London) Limited
Statement of financial position
as at
31 December 2016
Tangible assets
15,097
3,333
Inventories
21,475
16,485
Cash at bank and in hand
6,432
2
Creditors: amounts falling due within one year
(62,737)
(53,203)
Net current liabilities
(14,622)
(19,193)
Total assets less current liabilities
475
(15,860)
Creditors: amounts falling due after more than one year
(110,227)
(93,140)
Net liabilities
(109,752)
(109,000)
Called up share capital
39
39
Profit and loss account
(109,791)
(109,039)
Shareholders' funds
(109,752)
(109,000)
For the year ending 31 December 2016 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 14 September 2017.
Mr Madhoo Mahadooa
Director
Company Registration No. 05872386
Everest Ices (London) Limited
Notes to the Accounts
for the year ended 31 December 2016
Everest Ices (London) Limited is a private company, limited by shares, registered in England and Wales, registration number 05872386. The registered office and principal place of business is 10 Ammanford Green, Ruthin Close, London, NW9 7SA.
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 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015
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 represents the value, net of value added tax and discounts, of goods provided to customers.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Stock is valued at the lower of cost and net realisable value.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Everest Ices (London) Limited
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2016
8,774
11,234
20,008
Additions
317
17,639
17,956
At 31 December 2016
9,091
28,873
37,964
At 1 January 2016
8,357
8,318
16,675
Charge for the year
401
5,791
6,192
At 31 December 2016
8,758
14,109
22,867
At 31 December 2016
333
14,764
15,097
At 31 December 2015
417
2,916
3,333
Finished goods
21,475
16,485
Trade debtors
18,479
17,523
7
Creditors: amounts falling due within one year
2016
2015
Bank loans and overdrafts
7,813
11,932
Trade creditors
52,455
33,771
Taxes and social security
2,121
4,720
Other creditors
348
2,780
8
Creditors: amounts falling due after more than one year
2016
2015
Other creditors
98,040
87,060
Everest Ices (London) Limited
Notes to the Accounts
for the year ended 31 December 2016
9
Operating lease commitments
2016
2015
At 31 December 2016 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
6,300
6,300
10
Average number of employees
During the year the average number of employees was 3 (2015: 3).