Registered number
02570372
Peppercorn's Natural Food Provisions Limited
Abbreviated Accounts
31 March 2015
Peppercorn's Natural Food Provisions Limited
Registered number: 02570372
Abbreviated Balance Sheet
as at 31 March 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 190,748 186,883
Current assets
Stocks 1,500 38,500
Debtors 195,072 297,496
Cash at bank and in hand 158,093 222,650
354,665 558,646
Creditors: amounts falling due within one year (123,871) (301,968)
Net current assets 230,794 256,678
Total assets less current liabilities 421,542 443,561
Creditors: amounts falling due after more than one year (7,625) -
Net assets 413,917 443,561
Capital and reserves
Called up share capital 3 15,000 15,000
Profit and loss account 398,917 428,561
Shareholders' funds 413,917 443,561
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
R Steele
Director
Approved by the board on 12 October 2015
Peppercorn's Natural Food Provisions Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Pensions
The company does not operate a pension scheme.
2 Tangible fixed assets £
Cost
At 1 April 2014 303,328
Additions 15,779
Disposals (18,413)
At 31 March 2015 300,694
Depreciation
At 1 April 2014 116,445
Charge for the year 8,461
On disposals (14,960)
At 31 March 2015 109,946
Net book value
At 31 March 2015 190,748
At 31 March 2014 186,883
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 15,000 15,000 15,000
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