Abbreviated Company Accounts - AL MADINA HALAL BUTCHER LIMITED

Abbreviated Company Accounts - AL MADINA HALAL BUTCHER LIMITED


Registered Number 08550288

AL MADINA HALAL BUTCHER LIMITED

Abbreviated Accounts

31 May 2016

AL MADINA HALAL BUTCHER LIMITED Registered Number 08550288

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 1,262 1,684
1,262 1,684
Current assets
Stocks 7,200 9,000
Cash at bank and in hand 3,733 2,305
10,933 11,305
Creditors: amounts falling due within one year (10,298) (11,923)
Net current assets (liabilities) 635 (618)
Total assets less current liabilities 1,897 1,066
Total net assets (liabilities) 1,897 1,066
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 1,895 1,064
Shareholders' funds 1,897 1,066
  • For the year ending 31 May 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 27 February 2017

And signed on their behalf by:
Mr Md A Basher, Director

AL MADINA HALAL BUTCHER LIMITED Registered Number 08550288

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Fixtures & Fittings - 25% on a Reducing Balance Basis
Equipment - 25% on a Reducing Balance Basis

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of
ownership remain with the lessor are charged against profits on a straight line basis over the
period of the lease

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets
£
Cost
At 1 June 2015 3,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 3,000
Depreciation
At 1 June 2015 1,316
Charge for the year 422
On disposals -
At 31 May 2016 1,738
Net book values
At 31 May 2016 1,262
At 31 May 2015 1,684

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
2 Ordinary shares of £1 each 2 2