Company Registration No. 8962823 (England and Wales)
Fresh & Local limited
Abbreviated unaudited accounts
for the year ended 31 March 2016
Fresh & Local limited
Abbreviated Balance Sheet
as at
31 March 2016
Tangible assets
4,292
5,365
Cash at bank and in hand
10,122
10,990
Creditors: amounts falling due within one year
(21,424)
(26,331)
Net current assets
3,598
2,779
Called up share capital
100
100
Profit and loss account
7,790
8,044
Total shareholders' funds
7,890
8,144
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 19 December 2016
P S Kooner
Director
Company Registration No. 8962823
Fresh & Local limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on the reducing balance.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
2
Tangible fixed assets
Fixtures & fittings
Charge for the year
1,073
3
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
4
Transactions with directors
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan Account
20,613
-
3,489
17,124