Fresh Southwest Limited - Period Ending 2016-03-31

Fresh Southwest Limited - Period Ending 2016-03-31


Fresh Southwest Limited07119724falsetrue2015-04-012016-03-312016-03-31071197242015-04-012016-03-31071197242016-03-3107119724uk-bus:Director12015-04-012016-03-3107119724uk-bus:Director22015-04-012016-03-3107119724uk-gaap:FixturesFittingsToolsEquipment2015-04-012016-03-31071197242015-03-31071197242015-03-31iso4217:GBP


 

 

 

 

 

 

 

 
Fresh Southwest Limited
 

 
Unaudited Abbreviated Accounts
 
Year Ended 31 March 2016
 

 
Company Registration Number: 07119724

 

Fresh Southwest Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

Fresh Southwest Limited
Abbreviated Balance Sheet
31 March 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

2

   

3,054

   

3,644

 

Current assets

 

             

Debtors

 

   

61,155

   

56,668

 

Cash at bank and in hand

 

   

12,589

   

19,473

 
   

   

73,744

   

76,141

 

Creditors: Amounts falling due within one year

 

   

(79,822)

   

(73,270)

 

Net current (liabilities)/assets

 

   

(6,078)

   

2,871

 

Total assets less current liabilities

 

   

(3,024)

   

6,515

 

Provisions for liabilities

 

   

(610)

   

(766)

 

Net (liabilities)/assets

 

   

(3,634)

   

5,749

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

(3,734)

   

5,649

 

Shareholders' (deficit)/funds

 

   

(3,634)

   

5,749

 

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

 

Fresh Southwest Limited
Abbreviated Balance Sheet
31 March 2016 ......... continued

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 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 5 August 2016 and signed on its behalf by:

Mr B J Knights
Director

Mr K R J Graham
Director


Company Registration Number: 07119724

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

 

Fresh Southwest Limited
Notes to the Abbreviated Accounts
Year Ended 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

Fixtures, fittings and equipment

25% Reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Fresh Southwest Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016 ......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 April 2015

 

7,903

   

7,903

 

Additions

 

430

   

430

 

At 31 March 2016

 

8,333

   

8,333

 

Depreciation

           

At 1 April 2015

 

4,259

   

4,259

 

Charge for the year

 

1,020

   

1,020

 

At 31 March 2016

 

5,279

   

5,279

 

Net book value

           

At 31 March 2016

 

3,054

   

3,054

 

At 31 March 2015

 

3,644

   

3,644

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

                         

4

Control

The immediate parent company is Riverside Montrose Limited , a company controlled by Mr K R J Graham .