Registered Number 09027178
FOOD TO FIT LIMITED
Abbreviated Accounts
31 May 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Equipment 3 years straight line
Other accounting policies
Work in progress is valued on the basis of long term contracts, in line with guidance set out in UITF 40. The company classifies as long term those contracts where the activity extends over more than one accounting period. The amount recognised as turnover represents the amount of work carried out in the period. Where the outcome of a contract can be assessed with reasonable certainty, attributable profit is recognised in proportion to the amount of turnover recognised in the accounts. Full provision is made for any foreseeable losses. Long term contract balances are included in the balance sheet at net cost, less foreseeable losses, and included in debtors under amounts recoverable on contracts.
£ | |
---|---|
Cost | |
At 1 June 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 May 2016 |
|
Depreciation | |
At 1 June 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 May 2016 |
|
Net book values | |
At 31 May 2016 | 344 |
At 31 May 2015 | - |