back to FRESH MEAT & POULTRY LIMITED detail xbrl
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Registered number: 04247562

FRESH MEAT & POULTRY LTD

ACCOUNTS
FOR THE YEAR ENDED 30/06/2017

Prepared By:
RAGAVAN AND CO LTD
CHARTERED CERTIFIED ACCOUNTANTS
240 GROVE LANE
HANDSWORTH
BIRMINGHAM
WEST MIDLANDS
B20 2EY

FRESH MEAT & POULTRY LTD

ACCOUNTS
FOR THE YEAR ENDED 30/06/2017
DIRECTORS
Narinder Singh Gill
REGISTERED OFFICE
Unit1 Uplands Road
Handsworth
Birmingham
WEST MIDLANDS
B21 9PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04247562
BANKERS
Santander
ACCOUNTANTS
RAGAVAN AND CO LTD
CHARTERED CERTIFIED ACCOUNTANTS
240 GROVE LANE
HANDSWORTH
BIRMINGHAM
WEST MIDLANDS
B20 2EY

FRESH MEAT & POULTRY LTD

ACCOUNTS
FOR THEYEARENDED30/06/2017
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

FRESH MEAT & POULTRY LTD

BALANCE SHEET AT 30/06/2017
20172016
Notes££
FIXED ASSETS
Tangible assets248,90452,474
CURRENT ASSETS
Stock20,41320,050
Debtors490,71595,936
Cash at bank and in hand15,08913,388
126,217129,374
CREDITORS: Amounts falling due within one year5172,004181,179
NET CURRENT LIABILITIES(45,787)(51,805)
TOTAL ASSETS LESS CURRENT LIABILITIES3,117669
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account3,115667
SHAREHOLDERS' FUNDS3,117669
For the year ending 30/06/2017 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/03/2018 and signed on their behalf by
.............................
Narinder Singh Gill
Director

FRESH MEAT & POULTRY LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

FRESH MEAT & POULTRY LTD

2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/07/201679,71738,275117,992
Additions5,900-5,900
At 30/06/201785,61738,275123,892
Depreciation
At 01/07/201634,40831,11065,518
For the year7,6801,7909,470
At 30/06/201742,08832,90074,988
Net Book Amounts
At 30/06/201743,5295,37548,904
At 30/06/201645,3097,16552,474
3. STOCK 20172016
££
Stock comprises:
Stock20,41320,050
20,41320,050
4. DEBTORS 20172016
££
Amounts falling due within one year
Trade debtors85,64786,172
VAT5,0684,913
Prepayments-4,851
90,71595,936

FRESH MEAT & POULTRY LTD

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20172016
££
UK corporation tax19,08222,484
PAYE control69021
Directors current account33,77920,620
Trade creditors117,953137,554
Accruals500500
172,004181,179
6. EMPLOYEES
20172016
No.No.
Average number of employees1313
7. SHARE CAPITAL 20172016
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22