DARWEN_BEEF_COMPANY_LIMIT - Accounts

DARWEN BEEF COMPANY LIMITED - Company Information

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Company Registration No. 02596082 (England and Wales)

DARWEN BEEF COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 APRIL 2016

DARWEN BEEF COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DARWEN BEEF COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

29 APRIL 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

82,011

72,268

Cash at bank and in hand

7,382

10,063

89,393

82,331

Creditors: amounts falling due within one year

(22,150)

(19,234)

Total assets less current liabilities

67,243

63,097

Capital and reserves

Called up share capital

200

Profit and loss account

67,043

62,897

Shareholders' funds

67,243

63,097

For the financial period ended 29 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 April 2017

Mr J Slinger

Director

Company Registration No. 02596082

DARWEN BEEF COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 29 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Share capital

2016

2015

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the period are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr R Slinger - Director loan

4.00

36,854

3,733

1,503

4,000

38,090

36,854

3,733

1,503

4,000

38,090

The maximum overdrawn balance during the year for Robert Slinger was £38,090.