Company Registration No. 07699280 (England and Wales)
BARENAKEDFOODS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
BARENAKEDFOODS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BARENAKEDFOODS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
7,978
9,574
Current assets
Stocks
64,492
37,951
Debtors
76,860
21,029
Cash at bank and in hand
49,342
7,531
190,694
66,511
Creditors: amounts falling due within one year
(46,859)
(22,035)
Net current assets
143,835
44,476
Total assets less current liabilities
151,813
54,050
Creditors: amounts falling due after more than one year
(79,997)
(59,997)
Provisions for liabilities
(1,210)
-
70,606
(5,947)
Capital and reserves
Called up share capital
3
6
6
Profit and loss account
70,600
(5,953)
Shareholders' funds
70,606
(5,947)
BARENAKEDFOODS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2015
31 July 2015
- 2 -
For the financial year ended 31 July 2015 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 year 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 3 February 2016
Mr Ross Mendham
Director
Company Registration No. 07699280
BARENAKEDFOODS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 3 -
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).
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.
1.4
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:
Computer equipment
33% straight line
Website development
20% straight line
Motor vehicles
25% reducing balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
BARENAKEDFOODS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2015
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014
13,006
Additions
898
At 31 July 2015
13,904
Depreciation
At 1 August 2014
3,432
Charge for the year
2,494
At 31 July 2015
5,926
Net book value
At 31 July 2015
7,978
At 31 July 2014
9,574
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
6 ordinary shares of £1 each
6
6
4
Control
The company is under joint control of the directors and shareholders.