Food Sector Construction Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08003224 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Food Sector Construction Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S Brown

S A Brown

REGISTERED OFFICE:

16 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

REGISTERED NUMBER:

08003224 (England and Wales)

ACCOUNTANTS:

Pelham

16 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

FIXED ASSETS

Tangible assets

2

28,635

25,716

CURRENT ASSETS

Stocks

61,693

32,922

Debtors

70,399

92,383

Cash at bank and in hand

43,892

95,678

175,984

220,983

CREDITORS

Amounts falling due within one year

168,273

171,917

NET CURRENT ASSETS

7,711

49,066

TOTAL ASSETS LESS CURRENT LIABILITIES

36,346

74,782

PROVISIONS FOR LIABILITIES

4,796

5,181

NET ASSETS

31,550

69,601

CAPITAL AND RESERVES

Called up share capital

3

104

104

Profit and loss account

31,446

69,497

SHAREHOLDERS' FUNDS

31,550

69,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 July 2014 and were signed on its behalf by:

S A Brown - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% straight line

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

30,037

Additions

15,831

Disposals

(7,672

)

At 31 March 2014

38,196

DEPRECIATION

At 1 April 2013

4,321

Charge for year

7,997

Eliminated on disposal

(2,757

)

At 31 March 2014

9,561

NET BOOK VALUE

At 31 March 2014

28,635

At 31 March 2013

25,716

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

104

104