First Choice Foods Limited 04428525 false true 2012-05-01 2013-04-30 2013-04-30 04428525 2012-05-01 2013-04-30 04428525 2013-04-30 04428525 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2013-04-30 04428525 uk-bus:Director1 2012-05-01 2013-04-30 04428525 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2012-05-01 2013-04-30 04428525 uk-bus:EntityAccountantsOrAuditors 2012-05-01 2013-04-30 04428525 uk-gaap:FixturesFittings 2012-05-01 2013-04-30 04428525 uk-gaap:PlantMachinery 2012-05-01 2013-04-30 04428525 2012-04-30 04428525 2012-04-30 04428525 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2012-04-30 iso4217:GBP xbrli:shares

Registration number: 04428525

First Choice Foods Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2013
 

The Melia Partnership
Chartered Certified Accountants
Park House
91 Garstang Road
Preston
PR1 1LD

 

First Choice Foods Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

First Choice Foods Limited
(Registration number: 04428525)
Abbreviated Balance Sheet at 30 April 2013

 

Note

   

2013
£

   

2012
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

   

3,959

   

4,000

 

Current assets

 

   

   

 

Stocks

 

   

20,346

   

25,827

 

Debtors

 

   

78,304

   

82,245

 

Cash at bank and in hand

 

   

3,537

   

2,487

 

 

   

102,187

   

110,559

 

Creditors: Amounts falling due within one year

 

   

(99,157)

   

(102,961)

 

Net current assets

 

   

3,030

   

7,598

 

Net assets

 

   

6,989

   

11,598

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

6,889

   

11,498

 

Shareholders' funds

 

   

6,989

   

11,598

 

For the year ending 30 April 2013 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 31 January 2014 and signed on its behalf by:

.........................................
Mrs Rosemary Gravestock
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

First Choice Foods Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2013
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% Reducing balance

Fixtures, fittings and equipment

15% Reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

First Choice Foods Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2013
......... continued

2

Fixed assets

 

Tangible assets
£

   

Total
£

 

Cost

 

   

 

At 1 May 2012

 

12,211

   

12,211

 

Additions

 

684

   

684

 

At 30 April 2013

 

12,895

   

12,895

 

Depreciation

 

   

 

At 1 May 2012

 

8,211

   

8,211

 

Charge for the year

 

725

   

725

 

At 30 April 2013

 

8,936

   

8,936

 

Net book value

 

   

 

At 30 April 2013

 

3,959

   

3,959

 

At 30 April 2012

 

4,000

   

4,000

 

3

Share capital

Allotted, called up and fully paid shares

 

2013

2012

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

100

   

100

   

100

   

100