Accounts filed on 31-03-2019


Registered number: 03950399






Udale Speciality Foods Limited


ACCOUNTS

FOR THE YEAR ENDED 31/03/2019


Udale Speciality Foods Limited


ACCOUNTS
FOR THE YEAR ENDED 31/03/2019





DIRECTORS
Mr IR Udale
Mr NR Udale
Mr R Udale
Mrs KE Pollard



SECRETARY
Mrs KE Pollard


REGISTERED OFFICE
Udale House
Schola Green Lane
Morecambe
Lancashire
LA4 5QT


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03950399



BANKERS
Handelsbanken



ACCOUNTANTS
Robinson Udale
Chartered Accountants and Tax Advisors
The Old Bank
41 King Street
Penrith
Cumbria
CA11 7AY


ACCOUNTS
FOR THEYEARENDED31/03/2019



CONTENTS



		Page

Directors' Report		-

Strategic Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Tangible assets	2		1,336,211		405,286

CURRENT ASSETS
Stock		172,601		159,458
Debtors	4	892,423		873,188
Cash at bank and in hand		190,827		133,489
		1,255,851		1,166,135
CREDITORS: Amounts falling due within one year	5	1,130,966		1,026,481
NET CURRENT ASSETS			124,885		139,654
TOTAL ASSETS LESS CURRENT LIABILITIES			1,461,096		544,940


CREDITORS: Amounts falling due after more than one year	6		817,287		54,182


PROVISIONS FOR LIABILITIES AND CHARGES	8		39,465		29,937

NET ASSETS			604,344		460,821

CAPITAL AND RESERVES

Called up share capital	9		60,000		60,000
Profit and loss account			544,344		400,821
SHAREHOLDERS' FUNDS			604,344		460,821

For the year ending 31/03/2019 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 21/08/2019 and signed on their behalf by



.............................
Mr IR Udale
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




4. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	846,516	829,866
VAT	37,919	27,834
Prepayments	7,988	15,488
	892,423	873,188




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
Taxes and Social Security	171,248	124,609
Hire purchase	65,394	59,469
Trade creditors	723,807	737,901
Other creditors	170,517	104,502
	1,130,966	1,026,481




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2019	2018
	£	£
Bank loans (secured) >1yr	722,500	-
Hire purchase >1yr	94,787	54,182
	817,287	54,182




9. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
60000 Ordinary shares of £1 each	60000	60000
	60,000	60,000