Cotswold Fine Food Limited - Period Ending 2016-03-31

Registration number: 06842362

Cotswold Fine Food Limited

Unaudited Abbreviated Accounts

for the Period from 1 January 2015 to 31 March 2016

 

Pillow May Ltd
Chartered Accountants
The Coach House
Bremhill Grove Farm
East Tytherton
Chippenham
Wiltshire
SN15 4LX

Cotswold Fine Food Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Cotswold Fine Food Limited
(Registration number: 06842362)
Abbreviated Balance Sheet at 31 March 2016

		Note			31 March 2016 £			31 December 2014 £
Fixed assets
Tangible fixed assets					3,382			1,959
Current assets
Stocks					33,344			15,158
Debtors					76,706			67,402
Cash at bank and in hand					748			3,099
					110,798			85,659
Creditors: Amounts falling due within one year					(154,892)			(87,022)
Net current liabilities					(44,094)			(1,363)
Total assets less current liabilities					(40,712)			596
Creditors: Amounts falling due after more than one year					(38,891)			(48,371)
Net liabilities					(79,603)			(47,775)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(79,703)			(47,875)
Shareholders' deficit					(79,603)			(47,775)

For the year ending 31 March 2016 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 .

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Cotswold Fine Food Limited
(Registration number: 06842362)
Abbreviated Balance Sheet at 31 March 2016
......... continued

Approved by the director on 16 December 2016

.........................................
Mr Richard William David Chamberlain
Director

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

Cotswold Fine Food Limited
Notes to the Abbreviated Accounts for the Period from 1 January 2015 to 31 March 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services 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
Plant and equipment	25% reducing balance method
Computer equipment	25% reducing balance method

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.

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

Cotswold Fine Food Limited
Notes to the Abbreviated Accounts for the Period from 1 January 2015 to 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		3,618			3,618
Additions		2,546			2,546
At 31 March 2016		6,164			6,164
Depreciation
At 1 January 2015		1,659			1,659
Charge for the period		1,123			1,123
At 31 March 2016		2,782			2,782
Net book value
At 31 March 2016		3,382			3,382
At 31 December 2014		1,959			1,959

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016						31 December 2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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