Cherokee Foods Ltd

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		9,018		10,175

			9,018		10,175
CURRENT ASSETS
Stocks		11,043		12,241
Debtors		23,361		22,577
Cash at bank and in hand		10,849		19,271

		45,253		54,089
Creditors: Amounts Falling Due Within One Year		(6,114 )		(10,317 )

NET CURRENT ASSETS (LIABILITIES)			39,139		43,772

TOTAL ASSETS LESS CURRENT LIABILITIES			48,157		53,947

NET ASSETS			48,157		53,947

CAPITAL AND RESERVES
Called up share capital	3		15,000		15,000
Profit and Loss Account			33,157		38,947

SHAREHOLDERS' FUNDS			48,157		53,947

Cherokee Foods Ltd

Company No. 01551020

Abbreviated Balance Sheet (continued) 30 September 2016

For the year ending 30 September 2016 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 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 abbreviated 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 2015).

On behalf of the board

Mr John Kitchen

13/03/2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

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. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax .

1.3. 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% Straight Line
Plant & Machinery	14.29% Straight Line
Motor Vehicles	25% Reducing Balance

1.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2. Tangible Assets


	Total
Cost	£
As at 1 October 2015	147,421

As at 30 September 2016	147,421

Depreciation
As at 1 October 2015	137,246
Provided during the period	1,157

As at 30 September 2016	138,403

Net Book Value
As at 30 September 2016	9,018

As at 1 October 2015	10,175

3. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	15000	15,000	15,000