Year Ended
Company Registration Number:
Newquay Fruit Sales Limited
Contents
|
|||
|
Newquay Fruit Sales Limited
Abbreviated Balance Sheet
31 October 2016
Note |
2016
|
2015
|
|||||||
Fixed assets |
|||||||||
Intangible fixed assets |
|
|
|||||||
Tangible fixed assets |
|
|
|||||||
|
|
||||||||
Current assets |
|||||||||
Stocks |
|
|
|||||||
Debtors |
|
|
|||||||
Cash at bank and in hand |
|
|
|||||||
|
|
||||||||
Creditors: Amounts falling due within one year |
( |
( |
|||||||
Net current liabilities |
( |
( |
|||||||
Total assets less current liabilities |
|
|
|||||||
Creditors: Amounts falling due after more than one year |
( |
( |
|||||||
Provisions for liabilities |
( |
( |
|||||||
Net assets |
|
|
|||||||
Capital and reserves |
|||||||||
Called up share capital |
|
|
|||||||
Capital redemption reserve |
|
|
|||||||
Profit and loss account |
|
|
|||||||
Shareholders' funds |
|
|
1
Newquay Fruit Sales Limited
Abbreviated Balance Sheet
31 October 2016
......... continued
Approved by the Board on
Mr G D Craze
Director
Mrs R E Craze
Director
Company Registration Number: 03102762
2
Newquay Fruit Sales Limited
Notes to the Abbreviated Accounts
Year Ended
31 October 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straightline basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Acquired goodwill is written off in equal instalments over its estimated useful economic life.
Asset class |
Amortisation method and rate |
Goodwill |
|
Depreciation
Depreciation is calculated to write off the cost less estimated residual value of fixed assets over their estimated useful lives. No depreciation is charged on freehold land.
Buildings are maintained to such a standard that their estimated residual value is not less than their cost and therefore no depreciation has been charged as it is not material
Asset class |
Depreciation method and rate |
Plant and machinery |
|
Motor vehicles |
|
Stock
Deferred tax
Hire purchase and leasing
Newquay Fruit Sales Limited
Notes to the Abbreviated Accounts
Year Ended
31 October 2016
......... continued
Pensions
Fixed assets |
Intangible assets
|
Tangible assets
|
Total
|
|||||||
Cost |
|||||||||
At 1 November 2015 |
90,000 |
671,662 |
761,662 |
||||||
Additions |
- |
4,837 |
4,837 |
||||||
Disposals |
- |
(15,000) |
(15,000) |
||||||
At 31 October 2016 |
90,000 |
661,499 |
751,499 |
||||||
Depreciation |
|||||||||
At 1 November 2015 |
45,381 |
236,900 |
282,281 |
||||||
Charge for the year |
4,500 |
39,486 |
43,986 |
||||||
Eliminated on disposals |
- |
(9,857) |
(9,857) |
||||||
At 31 October 2016 |
49,881 |
266,529 |
316,410 |
||||||
Net book value |
|||||||||
At 31 October 2016 |
|
|
|
||||||
At 31 October 2015 |
|
|
|
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
|
2015
|
|||||
Amounts falling due within one year |
212,184 |
241,920 |
||||
Amounts falling due after more than one year |
83,093 |
42,104 |
||||
Total secured creditors |
295,277 |
284,024 |
Newquay Fruit Sales Limited
Notes to the Abbreviated Accounts
Year Ended
31 October 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
|||||||||||
No. |
£ |
No. |
£ |
|||||||||
|
|
|
|
|
||||||||
Related party transactions |
Directors' advances and credits |
2016 |
2016 |
2015 |
2015 |
|
Mr G D Craze |
||||
|
- |
|
15,915 |
10,500 |
Mrs R E Craze |
||||
|
- |
|
15,915 |
10,500 |