Black Garlic (UK) Limited - Period Ending 2013-12-31

Registration number: 07350552

Black Garlic (UK) Limited

Unaudited Abbreviated Accounts

for the Period from 1 October 2012 to 31 December 2013

 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Black Garlic (UK) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Registration number: 07350552

Black Garlic (UK) Limited
Balance Sheet as at 31 December 2013

		Note			31 December 2013 £			30 September 2012 £
Fixed assets
Tangible fixed assets		2			1,883			-
Current assets
Stocks					8,318			-
Debtors					36,002			1
Cash at bank and in hand					1,789			-
					46,109			1
Creditors: Amounts falling due within one year					(74,342)			-
Net current (liabilities)/assets					(28,233)			1
Net (liabilities)/assets					(26,350)			1
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(26,351)			-
Shareholders' (deficit)/funds					(26,350)			1

For the year ending 31 December 2013 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 29 September 2014

A K Pringle
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Black Garlic (UK) Limited
Notes to the Abbreviated Accounts for the Period from 1 October 2012 to 31 December 2013
......... 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 production and sale of black garlic to customers.

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
Office equipment	33% Straight Line
Funiture and fixtures	33% Straight Line
Plant and Machinery	25% Reducing Balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		1,927			1,927
At 31 December 2013		1,927			1,927
Depreciation
Charge for the period		44			44
At 31 December 2013		44			44
Net book value
At 31 December 2013		1,883			1,883

Page 2

Black Garlic (UK) Limited
Notes to the Abbreviated Accounts for the Period from 1 October 2012 to 31 December 2013
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 December 2013						30 September 2012
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

Page 3