Registration number:
for the Year Ended
Valley Food Stores Ltd
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Valley Food Stores Ltd
(Registration number: 06774995)
Abbreviated Balance Sheet at 31 January 2016
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2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net (liabilities)/assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' (deficit)/funds |
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Approved by the Board on
1
Valley Food Stores Ltd
(Registration number: 06774995)
Abbreviated Balance Sheet at 31 January 2016
......... continued
.........................................
Mr M Rafiq
Director
2
Valley Food Stores Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis because the directors have undertaken to provide continuing financial support so that the Company is able to pay its debts as and when they fall due.
Turnover
Goodwill
Goodwill arising on acquisition is not amortised but is reviewed for impairment on an annual basis, or more frequently if there are indications that goodwill may be impaired. In this case, the directors have deemed that there is no impairment adjustment required for this year.
Depreciation
Depreciation is provided at the following annual rates in order to write off each aset over its estimated useful life.
Asset class |
Depreciation method and rate |
Fixtures & Fittings |
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Motor Vehicles |
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Stock
Hire purchase and leasing
Valley Food Stores Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 February 2015 |
57,600 |
144,811 |
202,411 |
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Additions |
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19,720 |
19,720 |
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At 31 January 2016 |
57,600 |
164,531 |
222,131 |
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Depreciation |
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At 1 February 2015 |
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72,817 |
72,817 |
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Charge for the year |
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15,779 |
15,779 |
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At 31 January 2016 |
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88,596 |
88,596 |
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Net book value |
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At 31 January 2016 |
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At 31 January 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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