REGISTERED NUMBER: 04537354 (England and Wales)

Financial Statements for the Year Ended 30 September 2016

for

Absent Cooks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms K J Locke

SECRETARY:

G J Locke

REGISTERED OFFICE:

17 Smithy Knoll Road

Calver

Hope Valley

Derbyshire

S32 3XW

REGISTERED NUMBER:

04537354 (England and Wales)

ACCOUNTANTS:

Guthrie Accountancy Services Ltd

Unit 1

11 Eagle Parade

Buxton

Derbyshire

SK17 6EQ

FIXED ASSETS

Tangible assets

2

17,819

12,204

CURRENT ASSETS

Stocks

3,000

3,200

Cash at bank and in hand

952

3,810

3,952

7,010

CREDITORS

Amounts falling due within one year

3

54,431

57,674

NET CURRENT LIABILITIES

(50,479

)

(50,664

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(32,660

)

(38,460

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

6

(32,760

)

(38,560

)

SHAREHOLDERS' FUNDS

(32,660

)

(38,460

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 June 2017 and were signed by:

Ms K J Locke - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2015

9,201

29,913

1,177

40,291

Additions

1,470

7,294

-

8,764

At 30 September 2016

10,671

37,207

1,177

49,055

DEPRECIATION

At 1 October 2015

4,172

22,784

1,131

28,087

Charge for year

975

2,164

10

3,149

At 30 September 2016

5,147

24,948

1,141

31,236

NET BOOK VALUE

At 30 September 2016

5,524

12,259

36

17,819

At 30 September 2015

5,029

7,129

46

12,204

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Bank loans and overdrafts

22,276

20,898

Trade creditors

13,665

10,008

Taxation and social security

11,761

24,219

Other creditors

6,729

2,549

54,431

57,674

4.

LOANS

An analysis of the maturity of loans is given below:

30.9.16

30.9.15

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

22,276

20,898

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

100

Ordinary

£1

100

100

6.

RESERVES

Profit

and loss

account

£

At 1 October 2015

(38,560

)

Profit for the year

5,800

At 30 September 2016

(32,760

)