Food And Farming Compliance Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07628958 (England and Wales)

Financial Statements

for the Year Ended 31 March 2019

for

Food And Farming Compliance Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A G Foxcroft

M J Steel

N J Durnford

D P Gray

REGISTERED OFFICE:

701 Stonehouse Park

Sperry Way

Stonehouse

Gloucestershire

GL10 3UT

REGISTERED NUMBER:

07628958 (England and Wales)

ACCOUNTANTS:

GCSD Accountants Limited

Chartered Accountants

701 Stonehouse Park

Sperry Way

Stonehouse

Gloucestershire

GL10 3UT

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Food And Farming Compliance Ltd for the year ended 31 March 2019

which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from

the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Food And Farming Compliance Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Food And Farming Compliance Ltd and state those matters that we have agreed to state to the Board of Directors of Food And Farming Compliance Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Food And Farming Compliance Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Food And Farming Compliance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Food And Farming Compliance Ltd. You consider that Food And Farming Compliance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Food And Farming Compliance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GCSD Accountants Limited

Chartered Accountants

16 September 2019

FIXED ASSETS

Intangible assets

4

3,333

11,333

Tangible assets

5

1,276

569

4,609

11,902

CURRENT ASSETS

Debtors

6

21,502

15,364

Cash at bank

38,712

39,325

60,214

54,689

CREDITORS

Amounts falling due within one year

7

64,088

63,460

NET CURRENT LIABILITIES

(3,874

)

(8,771

)

TOTAL ASSETS LESS CURRENT LIABILITIES

735

3,131

PROVISIONS FOR LIABILITIES

8

242

108

NET ASSETS

493

3,023

CAPITAL AND RESERVES

Called up share capital

40

40

Capital redemption reserve

10

10

Retained earnings

443

2,973

SHAREHOLDERS' FUNDS

493

3,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors on 16 September 2019 and were signed on its behalf by:

A G Foxcroft - Director

N J Durnford - Director

D P Gray - Director

M J Steel - Director

1.	STATUTORY INFORMATION

Food And Farming Compliance Ltd 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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 5 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

40,000

AMORTISATION

At 1 April 2018

28,667

Charge for year

8,000

At 31 March 2019

36,667

NET BOOK VALUE

At 31 March 2019

3,333

At 31 March 2018

11,333

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

1,047

Additions

1,291

At 31 March 2019

2,338

DEPRECIATION

At 1 April 2018

478

Charge for year

584

At 31 March 2019

1,062

NET BOOK VALUE

At 31 March 2019

1,276

At 31 March 2018

569

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

20,058

13,650

Other debtors

1,444

1,714

21,502

15,364

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

1,435

798

Taxation and social security

7,487

5,728

Other creditors

55,166

56,934

64,088

63,460

8.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

242

108

Deferred

tax

£

Balance at 1 April 2018

108

Provided during year

134

Balance at 31 March 2019

242