Fresh Produce Consultancy Ltd - Period Ending 2015-01-31

Registration number: 04547826

Fresh Produce Consultancy Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

Harrington Batterbee
Chartered Certified Accountant
T/A H.B.Associates
14 Regal Road
Wisbech
Cambs
PE13 2RQ

Fresh Produce Consultancy Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Fresh Produce Consultancy Ltd
for the Year Ended 31 January 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fresh Produce Consultancy Ltd for the year ended 31 January 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Fresh Produce Consultancy Ltd, 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 Fresh Produce Consultancy Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fresh Produce Consultancy Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Fresh Produce Consultancy Ltd 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 Fresh Produce Consultancy Ltd. You consider that Fresh Produce Consultancy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Fresh Produce Consultancy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Harrington Batterbee
Chartered Certified Accountant
T/A H.B.Associates
14 Regal Road
Wisbech
Cambs
PE13 2RQ

25 March 2015

Page 1

Fresh Produce Consultancy Ltd
(Registration number: 04547826)
Abbreviated Balance Sheet at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					24,000			27,000
Tangible fixed assets					42,129			56,178
					66,129			83,178
Current assets
Debtors					1			1
Cash at bank and in hand					37,204			29,091
					37,205			29,092
Creditors: Amounts falling due within one year					(35,482)			(29,693)
Net current assets/(liabilities)					1,723			(601)
Net assets					67,852			82,577
Capital and reserves
Called up share capital		3			111			111
Profit and loss account					67,741			82,466
Shareholders' funds					67,852			82,577

For the year ending 31 January 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 25 March 2015

.........................................
Mr David Norman
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Fresh Produce Consultancy Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Positive goodwill	5% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Fixtures and fittings	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Fresh Produce Consultancy Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 February 2014		60,000			172,419			232,419
At 31 January 2015		60,000			172,419			232,419
Depreciation
At 1 February 2014		33,000			116,241			149,241
Charge for the year		3,000			14,049			17,049
At 31 January 2015		36,000			130,290			166,290
Net book value
At 31 January 2015		24,000			42,129			66,129
At 31 January 2014		27,000			56,178			83,178

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary share class 1 of £1 each		100			100			100			100
Ordinary B shares of £1 each		10			10			10			10
Ordinary C shares of £1 each		1			1			1			1
		111			111			111			111

Page 4