Rhodes Foods Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00995962 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

Rhodes Foods Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountant

7

DIRECTORS:

Mrs J E Hogben

Mr M F Rhodes

Mrs B Rhodes

Mrs S L Taylor

SECRETARY:

Mrs S L Taylor

REGISTERED OFFICE:

90 Walton Road

East Molesey

Surrey

KT8 0DL

REGISTERED NUMBER:

00995962 (England and Wales)

ACCOUNTANT:

Marden & Co Accountants Limited

45 Nork Way

Banstead

Surrey

SM7 1PB

FIXED ASSETS

Tangible assets

4

1,679,008

1,667,823

CURRENT ASSETS

Stocks

28,195

27,222

Debtors

31,562

29,352

Cash at bank and in hand

286,481

309,309

346,238

365,883

CREDITORS

Amounts falling due within one year

334,289

304,890

NET CURRENT ASSETS

11,949

60,993

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,690,957

1,728,816

PROVISIONS FOR LIABILITIES

191,226

NET ASSETS

1,499,731

1,537,590

CAPITAL AND RESERVES

Called up share capital

5

965

Revaluation reserve

6

1,073,595

Retained earnings

425,171

463,030

SHAREHOLDERS' FUNDS

1,499,731

1,537,590

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 December 2019 and were signed on its behalf
by:

Mr M F Rhodes - Director

1.	STATUTORY INFORMATION

Rhodes Foods 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 as modified by the revaluation of certain assets.

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.

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 107 (2018 - 120 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2018

3,287,108

Additions

60,815

Disposals

(65,731

)

At 31 March 2019

3,282,192

DEPRECIATION

At 1 April 2018

1,619,285

Charge for year

47,483

Eliminated on disposal

(63,584

)

At 31 March 2019

1,603,184

NET BOOK VALUE

At 31 March 2019

1,679,008

At 31 March 2018

1,667,823

Cost or valuation at 31 March 2019 is represented by:

Totals

£

Valuation in 2018

3,287,108

Valuation in 2019

(4,916

)

3,282,192

If Freehold land and buildings had not been revalued they would have been included at the following historical

cost:

2019

2018

£

Cost

824,427

Aggregate depreciation

257,872

Value of land in freehold land and buildings

566,555

Freehold land and buildings were valued on an open market basis on 24 July 2018 by Bonsors Chartered Surveyors

.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

965

Ordinary Shares

£1

965

6.

RESERVES

Revaluation

reserve

£

At 1 April 2018

and 31 March 2019

1,073,595

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 Abridged Income Statement and certain other primary

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

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Marden & Co Accountants Limited

45 Nork Way

Banstead

Surrey

SM7 1PB

9 December 2019

Rhodes Foods Limited - Accounts to registrar (filleted) - small 18.2

Rhodes Foods Limited - Accounts to registrar (filleted) - small 18.2