Abbreviated Company Accounts - 2 FAT TURKEYS LTD

Abbreviated Company Accounts - 2 FAT TURKEYS LTD

Registered Number NI058018


Abbreviated Accounts

31 January 2015

2 FAT TURKEYS LTD Registered Number NI058018

Abbreviated Balance Sheet as at 31 January 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 790,100 790,100
790,100 790,100
Current assets
Cash at bank and in hand 39 1,581
39 1,581
Creditors: amounts falling due within one year (788,011) (790,538)
Net current assets (liabilities) (787,972) (788,957)
Total assets less current liabilities 2,128 1,143
Total net assets (liabilities) 2,128 1,143
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,028 1,043
Shareholders' funds 2,128 1,143
  • 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 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.

Approved by the Board on 30 October 2015

And signed on their behalf by:
Gary McCausland, Director

2 FAT TURKEYS LTD Registered Number NI058018

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Compliance with accounting standards
The financial statements have been prepared on the going concern basis under the historical cost convention, in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. The principle accounting policies, which have been applied consistently throughout the year, are set out below.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cot less estimated residual value of each asset over its expected useful life, as follows:
Land & Buildings Freehold - No depreciation charged

2Tangible fixed assets
At 1 February 2014 790,100
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2015 790,100
At 1 February 2014 -
Charge for the year -
On disposals -
At 31 January 2015 -
Net book values
At 31 January 2015 790,100
At 31 January 2014 790,100