Company Registration No. 09299969 (England and Wales)
ACORN DELI LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2016
ACORN DELI LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ACORN DELI LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
Notes
£
£
Fixed assets
Intangible assets
2
23,330
Tangible assets
2
20,807
44,137
Current assets
Stocks
2,367
Debtors
16,870
Cash at bank and in hand
1,215
20,452
Creditors: amounts falling due within one year
(90,505)
Net current liabilities
(70,053)
Total assets less current liabilities
(25,916)
Capital and reserves
Called up share capital
3
100
Profit and loss account
(26,016)
Shareholders' funds
(25,916)
For the financial Period ended 31 March 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 4 January 2017
Mr B Waites
Director
Company Registration No. 09299969
ACORN DELI LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2016
- 2 -
1
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 April 2008). The company meets its working capital requirements with support from the directors who are also co-shareholders. The directors are committed to not withdrawing financial support from the company. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the directors financial support.
The company meets its working capital requirements with support from the directors who are also co-shareholders. The directors are committed to not withdrawing financial support from the company.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the directors financial support.
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 net of VAT .
for goods
net of VAT
.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold improvement
Written off over the remaining lease term
Fixtures, fittings & equipment
20% On cost
ACORN DELI LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 7 November 2014
-
-
-
Additions
24,134
21,443
45,577
At 31 March 2016
24,134
21,443
45,577
Depreciation
At 7 November 2014
-
-
-
Charge for the period
804
636
1,440
At 31 March 2016
804
636
1,440
Net book value
At 31 March 2016
23,330
20,807
44,137
3
Share capital
2016
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100