LION PALMS FOODS LIMITED




Company Registration Number:
06937210 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st July 2013

End date: 30th June 2014

SUBMITTED

LION PALMS FOODS LIMITED

Company Information
for the Period Ended
30th June 2014




Director: CARLINGTON CLARKE
UZOMA CLARKE
Company secretary: CARLINGTON CLARKE
Registered office: 1 Greenhill Parade
Station Road
Barnet
Hertfordshire
EN5 1ES
Company Registration Number: 06937210 (England and Wales)

LION PALMS FOODS LIMITED

Abbreviated Balance sheet
As at 30th June 2014

Notes 2014
£
2013
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 7 17,076 19,941
Total fixed assets: 17,076 19,941
Current assets
Stocks: 1,123 1,507
Debtors: 9 9,188 10,040
Cash at bank and in hand: 3,152 5,839
Total current assets: 13,463 17,386
Creditors
Creditors: amounts falling due within one year 10 5,444 7,499
Net current assets (liabilities): 8,019 9,887
Total assets less current liabilities: 25,095 29,828
Creditors: amounts falling due after more than one year: 11 32,142 37,217
Provision for liabilities: 3,415 3,988
Total net assets (liabilities): ( 10,462 ) ( 11,377 )

The notes form part of these financial statements

LION PALMS FOODS LIMITED

Abbreviated Balance sheet
As at 30th June 2014
continued

Notes 2014
£
2013
£
Capital and reserves
Called up share capital: 14 2 2
Profit and Loss account: ( 10,464 ) ( 11,379 )
Total shareholders funds: ( 10,462 ) ( 11,377 )

For the year ending 30 June 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 13 March 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: CARLINGTON CLARKE
Status: Director

The notes form part of these financial statements

LION PALMS FOODS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th June 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    These accounts have been prepared under the historical cost convention and in accordance with the provisions applicable to companies subject to the small companies regime.

    Turnover policy

    Turnover comprises the value of sales (excluding VAT and similar trade discounts) of good and services in the normal course of business.

    Tangible fixed assets depreciation policy

    Fixed assets are shown at historical cost. Tangible fixed assets are stated at cost, less accumulated depreciation.

LION PALMS FOODS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th June 2014

  • 7. Tangible assets

    Total
    Cost £
    At 01st July 2013: 24,748
    Additions: 270
    At 30th June 2014: 25,018
    Depreciation
    At 01st July 2013: 4,807
    Charge for year: 3,135
    At 30th June 2014: 7,942
    Net book value
    At 30th June 2014: 17,076
    At 30th June 2013: 19,941

LION PALMS FOODS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th June 2014

  • 9. Debtors

    2014
    £
    2013
    £
    Other debtors: 5,124 5,839
    Prepayments and accrued income: 4,064 4,201
    Total: 9,188 10,040

LION PALMS FOODS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th June 2014

  • 10. Creditors: amounts falling due within one year

    2014
    £
    2013
    £
    Bank loans and overdrafts: 5,075 5,075
    Trade creditors: - 29
    Taxation and social security: 120 2,224
    Accruals and deferred income: 249 171
    Total: 5,444 7,499

LION PALMS FOODS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th June 2014

  • 11. Creditors: amounts falling due after more than one year

    2014
    £
    2013
    £
    Bank loans and overdrafts: 32,142 37,217
    Total: 32,142 37,217

    Bank loans represent a start-up business loan from Lloyds TSB Bank plc. The interest rate is 6.80% over the variable base rate, payable monthly. The loan is repayable over 10 years.

LION PALMS FOODS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th June 2014

  • 14. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    2
    Total share capital: 2
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    2
    Total share capital: 2

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