back to THE YORKSHIRE MEAT COMPANY LTD detail Abbreviated Company Accounts - THE YORKSHIRE MEAT COMPANY LTD

Registered Number 05419586

THE YORKSHIRE MEAT COMPANY LTD

Abbreviated Accounts

30 June 2016

THE YORKSHIRE MEAT COMPANY LTD Registered Number 05419586

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 17,070 22,760
17,070 22,760
Current assets
Stocks 42,948 44,586
Debtors 201,350 194,786
Cash at bank and in hand 44,619 38,187
288,917 277,559
Creditors: amounts falling due within one year (247,427) (264,520)
Net current assets (liabilities) 41,490 13,039
Total assets less current liabilities 58,560 35,799
Provisions for liabilities (3,209) (4,302)
Total net assets (liabilities) 55,351 31,497
Capital and reserves
Called up share capital 3 99 99
Profit and loss account 55,252 31,398
Shareholders' funds 55,351 31,497
  • For the year ending 30 June 2016 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 March 2017

And signed on their behalf by:
BG Davies, Director
MJ Hebden, Director

THE YORKSHIRE MEAT COMPANY LTD Registered Number 05419586

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable from the sale of meat and related products.

Tangible assets depreciation policy
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:
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
Included in other creditors due within one year are amounts of £67,284 (2015 - £67,429) owed to directors.

2Tangible fixed assets
£
Cost
At 1 July 2015 69,591
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 69,591
Depreciation
At 1 July 2015 46,831
Charge for the year 5,690
On disposals -
At 30 June 2016 52,521
Net book values
At 30 June 2016 17,070
At 30 June 2015 22,760
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
99 Ordinary shares of £1 each 99 99