Fertiliser Sales Development Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10499337 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

FERTILISER SALES DEVELOPMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Jarvis

REGISTERED OFFICE:

2 Sicklinghall Road

Wetherby

LS22 6AA

REGISTERED NUMBER:

10499337 (England and Wales)

ACCOUNTANTS:

20:20 Accountancy Solutions Ltd

The Stile, Rowley Lane

Arkley

Hertfordshire

EN5 3HS

FIXED ASSETS

Tangible assets

4

12,893

4,831

Investments

5

34,370

24,720

47,263

29,551

CURRENT ASSETS

Debtors

6

35,963

31,093

Cash at bank

363,274

232,566

399,237

263,659

CREDITORS

Amounts falling due within one year

7

(66,150

)

(102,359

)

NET CURRENT ASSETS

333,087

161,300

TOTAL ASSETS LESS CURRENT LIABILITIES

380,350

190,851

CAPITAL AND RESERVES

Called up share capital

8

30

30

Retained earnings

380,320

190,821

SHAREHOLDERS' FUNDS

380,350

190,851

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 director acknowledges his 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 director on 23 November 2019 and were signed by:

F L Jarvis - Director

1.	STATUTORY INFORMATION

Fertiliser Sales Development 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.

Significant judgements and estimates

Preparation of the financial statements requires management to make certain judgements and estimates. The

items in the financial statements where these judgements and estimates have been made include:

Tangible asset depreciation:

The depreciation rates are calculated according to the useful economic life that the director believes to be

appropriate based on the nature of the asset in operation.

Unlisted investments:

Unlisted investments are reviewed on an annual basis and valued at cost less provision for diminution in value.

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.

Plant and machinery etc

-

25% on cost and 20% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Unlisted investments

Investments comprise investments in unquoted equity instruments which are measured at fair value. The Director

reviews the fair value at each balance sheet date and changes in fair value are recognised in profit or loss for the

reporting period under review.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

7,245

Additions

13,862

Disposals

(2,848

)

At 31 March 2019

18,259

DEPRECIATION

At 1 April 2018

2,414

Charge for year

3,901

Eliminated on disposal

(949

)

At 31 March 2019

5,366

NET BOOK VALUE

At 31 March 2019

12,893

At 31 March 2018

4,831

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2018

24,720

Additions

9,650

At 31 March 2019

34,370

NET BOOK VALUE

At 31 March 2019

34,370

At 31 March 2018

24,720

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

22,425

31,093

Other debtors

13,538

-

35,963

31,093

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

-

1

Taxation and social security

61,794

72,312

Other creditors

4,356

30,046

66,150

102,359

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

10

B' Ord

£1

10

10

10

C' Ord

£1

10

10

20

20

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J & Mrs B Jarvis. At the 31st March 2019 the company owed Mr & Mrs Jarvis

£1,359.