Cambridge Juice Co. Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04414877 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Cambridge Juice Co. Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

13,016

8,202

13,016

8,202

CURRENT ASSETS

Stocks

24,489

17,700

Debtors

49,158

42,635

Cash at bank

26,713

17,179

100,360

77,514

CREDITORS

Amounts falling due within one year

96,945

75,308

NET CURRENT ASSETS

3,415

2,206

TOTAL ASSETS LESS CURRENT LIABILITIES

16,431

10,408

CREDITORS

Amounts falling due after more than one year

(14,012

)

(8,758

)

PROVISIONS FOR LIABILITIES

(2,271

)

(1,235

)

NET ASSETS

148

415

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

147

414

SHAREHOLDERS' FUNDS

148

415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 January 2017 and were signed by:

Mr M Gray - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% - 50% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

7,000

AMORTISATION

At 1 May 2015

and 30 April 2016

7,000

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

32,418

Additions

15,009

Disposals

(17,095

)

At 30 April 2016

30,332

DEPRECIATION

At 1 May 2015

24,216

Charge for year

9,339

Eliminated on disposal

(16,239

)

At 30 April 2016

17,316

NET BOOK VALUE

At 30 April 2016

13,016

At 30 April 2015

8,202

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary shares

£1

1

1

5.	RELATED PARTY DISCLOSURES

Mr M Gray

Director of Cambridge Juice Co. Limited.

During the current and prior years the company continued to operate a loan account with Mr M Gray, and is

included within creditors as at the balance sheet date. The movements on the loan account and balance as at the

balance sheet date are as follows:

2016

2015

£

£

Mr M Gray

Balance as at the start of the year

31,134

26,283

Dividends paid to Mr M Gray

30,500

25,000

Repayments made by the company

(28,556

)

(31,607

)

Funds made available by Mr M Gray

9,568

11,458

Balance owed to Mr M Gray as at the year end

42,646

31,134

The loan account has no set repayment terms and is repayable on demand. No interest was charged by the

director for the facility of the loan account (2015 - £nil).