FRIENDSHIP_FOODS_LIMITED - Accounts

FRIENDSHIP FOODS LIMITED - Company Information

Print Friendly Version

Company Registration No. 9338419 (England and Wales)

FRIENDSHIP FOODS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FRIENDSHIP FOODS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FRIENDSHIP FOODS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

Notes

Fixed assets

Intangible assets

140,131

Tangible assets

47,916

188,047

Current assets

Stocks

298,759

Debtors

454,810

Cash at bank and in hand

111,179

864,748

Creditors: amounts falling due within one year

(1,047,707)

Net current liabilities

(182,959)

Total assets less current liabilities

5,088

Capital and reserves

Called up share capital

100

Profit and loss account

4,988

Shareholders' funds

5,088

For the financial 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:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 August 2016

Mr R Considine

Director

Company Registration No. 9338419

FRIENDSHIP FOODS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 3 December 2014

Additions

144,991

50,000

194,991

At 31 December 2015

144,991

50,000

194,991

Depreciation

At 3 December 2014

Charge for the year

4,860

2,084

6,944

At 31 December 2015

4,860

2,084

6,944

Net book value

At 31 December 2015

140,131

47,916

188,047

FRIENDSHIP FOODS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100