REGISTERED NUMBER: 08026070 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

FPC SUGARCRAFT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Caudwell

Mrs K V Caudwell

REGISTERED OFFICE:

91/93 Alma Road

Clifton

Bristol

BS8 2DP

REGISTERED NUMBER:

08026070 (England and Wales)

ACCOUNTANTS:

Bryan Stone & Company

91-93 Alma Road

Clifton

Bristol

BS8 2DP

FIXED ASSETS

Intangible assets

2

213,600

240,300

Tangible assets

3

6,613

6,994

220,213

247,294

CURRENT ASSETS

Stocks

20,623

16,418

Debtors

40,918

43,875

Cash at bank and in hand

120,575

75,305

182,116

135,598

CREDITORS

Amounts falling due within one year

223,267

287,558

NET CURRENT LIABILITIES

(41,151

)

(151,960

)

TOTAL ASSETS LESS CURRENT LIABILITIES

179,062

95,334

PROVISIONS FOR LIABILITIES

1,323

1,399

NET ASSETS

177,739

93,935

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

177,639

93,835

SHAREHOLDERS' FUNDS

177,739

93,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 February 2015 and were signed on its behalf by:

M J Caudwell - 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 April 2008).

TURNOVER

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

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

267,000

AMORTISATION

At 1 June 2013

26,700

Amortisation for year

26,700

At 31 May 2014

53,400

NET BOOK VALUE

At 31 May 2014

213,600

At 31 May 2013

240,300

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

9,254

Additions

1,687

At 31 May 2014

10,941

DEPRECIATION

At 1 June 2013

2,260

Charge for year

2,068

At 31 May 2014

4,328

NET BOOK VALUE

At 31 May 2014

6,613

At 31 May 2013

6,994

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/14

31/5/13

value:

£

£

100

Ordinary

1

100

100