Company Registration No. 09178679 (England and Wales)
Excellent Gourmet Trading Ltd
Abbreviated unaudited accounts
for the year ended 31 August 2016
Excellent Gourmet Trading Ltd
Abbreviated Balance Sheet
as at
31 August 2016
Cash at bank and in hand
5,167
637
Creditors: amounts falling due within one year
(122,021)
(1,500)
Net current liabilities
(21,997)
(848)
Net liabilities
(21,344)
(848)
Called up share capital
100
100
Profit and loss account
(21,444)
(948)
Total shareholders' funds
(21,344)
(848)
For the year ending 31 August 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 directors acknowledge their 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 31 May 2017
Claudio Verrilli
Director
Company Registration No. 09178679
Excellent Gourmet Trading Ltd
Notes to the Abbreviated Accounts
for the year ended 31 August 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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.
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The financial statements have been prepared on a going concern basis. The company has received assurances and undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given these undertakings, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.
2
Intangible fixed assets
3
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100