The Speciality Food Supply and Developme - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08180902 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

The Speciality Food Supply and

Development Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A R L Feather

R E Feather

SECRETARY:

Mrs A R L Feather

REGISTERED OFFICE:

Townsend Farmhouse

2 High Street

Froome

Somerset

BA11 6NZ

REGISTERED NUMBER:

08180902 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

Royal Mews

St.Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

FIXED ASSETS

Tangible assets

4

4,650

3,610

CURRENT ASSETS

Stocks

5

1,462

1,729

Debtors

6

126,171

114,152

Cash at bank

530

871

128,163

116,752

CREDITORS

Amounts falling due within one year

7

126,772

110,601

NET CURRENT ASSETS

1,391

6,151

TOTAL ASSETS LESS CURRENT LIABILITIES

6,041

9,761

CAPITAL AND RESERVES

Called up share capital

8

2

-

Retained earnings

9

6,039

9,761

SHAREHOLDERS' FUNDS

6,041

9,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 May 2019 and were signed on its behalf by:

R E Feather - Director

1.	STATUTORY INFORMATION

The Speciality Food Supply and Development Company Limited is a private company, limited by shares ,

registered in England and Wales. The company's registered number and registered office address can be found

on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2017

9,950

Additions

2,590

At 31 August 2018

12,540

DEPRECIATION

At 1 September 2017

6,340

Charge for year

1,550

At 31 August 2018

7,890

NET BOOK VALUE

At 31 August 2018

4,650

At 31 August 2017

3,610

5.

STOCKS

31.8.18

31.8.17

£

£

Valuation

1,462

1,729

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

99,036

86,221

VAT

27,135

27,931

126,171

114,152

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade creditors

44,854

31,713

Social security and other taxes

-

5,839

Directors' current accounts

80,418

71,549

Accrued expenses

1,500

1,500

126,772

110,601

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

2

Ordinary

1

2

-

9.

RESERVES

Retained

earnings

£

At 1 September 2017

9,761

Deficit for the year

(3,722

)

At 31 August 2018

6,039