Atsource Foods Limited - Accounts

Atsource Foods Limited - Accounts

ATSOURCE FOODS LIMITED - Company Information

Print Friendly Version

2018-04-01 2019-03-31 false Capium Accounts Production 1.1 04772374 bus:AbridgedAccounts 2018-04-01 2019-03-31 04772374 bus:FRS102 2018-04-01 2019-03-31 04772374 bus:AuditExemptWithAccountantsReport 2018-04-01 2019-03-31 04772374 bus:SmallCompaniesRegimeForAccounts 2018-04-01 2019-03-31 04772374 bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 04772374 2018-04-01 2019-03-31 04772374 2019-03-31 04772374 bus:RegisteredOffice 2018-04-01 2019-03-31 04772374 core:WithinOneYear 2019-03-31 04772374 core:AfterOneYear 2019-03-31 04772374 bus:Director1 2018-04-01 2019-03-31 04772374 bus:Director1 2019-03-31 04772374 bus:Director1 2017-04-01 2018-03-31 04772374 2017-04-01 04772374 bus:CompanySecretary1 2018-04-01 2019-03-31 04772374 bus:LeadAgentIfApplicable 2018-04-01 2019-03-31 04772374 2017-04-01 2018-03-31 04772374 2018-03-31 04772374 core:WithinOneYear 2018-03-31 04772374 core:AfterOneYear 2018-03-31 04772374 bus:EntityAccountantsOrAuditors 2017-04-01 2018-03-31 04772374 bus:OrdinaryShareClass1 2018-04-01 2019-03-31 04772374 bus:OrdinaryShareClass1 2019-03-31 04772374 bus:OrdinaryShareClass1 2017-04-01 2018-03-31 04772374 bus:OrdinaryShareClass1 2018-03-31 04772374 core:MotorCars 2018-04-01 2019-03-31 04772374 core:MotorCars 2019-03-31 04772374 core:MotorCars 2018-03-31 04772374 core:FurnitureFittings 2018-04-01 2019-03-31 04772374 core:FurnitureFittings 2019-03-31 04772374 core:FurnitureFittings 2018-03-31 04772374 core:ComputerEquipment 2018-04-01 2019-03-31 04772374 core:ComputerEquipment 2019-03-31 04772374 core:ComputerEquipment 2018-03-31 04772374 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2019-03-31 04772374 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2018-03-31 04772374 core:CostValuation core:Non-currentFinancialInstruments 2019-03-31 04772374 core:CostValuation core:Non-currentFinancialInstruments 2018-03-31 04772374 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2019-03-31 04772374 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2019-03-31 04772374 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2019-03-31 04772374 core:Non-currentFinancialInstruments 2019-03-31 04772374 core:Non-currentFinancialInstruments 2018-03-31 04772374 core:ShareCapital 2019-03-31 04772374 core:ShareCapital 2018-03-31 04772374 core:RetainedEarningsAccumulatedLosses 2019-03-31 04772374 core:RetainedEarningsAccumulatedLosses 2018-03-31 04772374 dpl:Item1 2018-04-01 04772374 dpl:Item1 2019-03-31 04772374 dpl:Item1 2017-04-01 04772374 dpl:Item1 2018-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 04772374
England and Wales

 

 

 

ATSOURCE FOODS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

Atsource Foods Limited
Contents Page
For the year ended 31 March 2019
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Atsource Foods Limited for the year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Atsource Foods Limited for the year ended 31 March 2019 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Atsource Foods Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Atsource Foods Limited and state those matters that we have agreed to state to the Board of Directors of Atsource Foods Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atsource Foods Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Atsource Foods Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Atsource Foods Limited . You consider that Atsource Foods Limited 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 accounts of Atsource Foods Limited . 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 accounts
31 March 2019



....................................................
Boffix & Co Accountancy Limited
St Alban Tower
Wood Street
London
EC2V 7AF
13 November 2019
1
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 2 5,355    15,699 
Investments 3 11,000    11,000 
16,355    26,699 
Current assets      
Debtors: amounts falling due within one year 380,474    317,740 
Cash at bank and in hand 9,244    22,458 
389,718    340,198 
Creditors: amount falling due within one year (166,707)   (105,094)
Net current assets 223,011    235,104 
 
Total assets less current liabilities 239,366    261,803 
Provisions for liabilities (1,020)   0 
Net assets 238,346    261,803 
 

Capital and reserves 		     
Called up share capital 4 1,000    1,000 
Profit and loss account 237,346    260,803 
Shareholders funds 238,346    261,803 
 


For the year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of director


--------------------------------
James Sheppard
Director

Date approved by the board: 13 November 2019
2
General Information
Atsource Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 04772374, registration address Wesley House, Bull Hill, Leatherhead, Surrey, KT22 7AH.

The presentation currency is £ sterling
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Straight Line
Office Equipment 33% Straight Line
Computer Equipment 33% Straight Line
2.

Tangible fixed assets

Cost Motor Vehicles   Office Equipment   Computer Equipment   Total
  £   £   £   £
At 01 April 2018 34,344    4,118    8,381    46,843 
Additions -    250    233    483 
Disposals -    (2,450)   (973)   (3,423)
At 31 March 2019 34,344    1,918    7,641    43,903 
Depreciation
At 01 April 2018 23,513    1,307    6,334    31,154 
Charge for year 6,368    1,137    745    8,250 
On disposals -    (613)   (243)   (856)
At 31 March 2019 29,881    1,831    6,836    38,548 
Net book values
Closing balance as at 31 March 2019 4,463    87    805    5,355 
Opening balance as at 01 April 2018 10,831    2,811    2,057    15,699 


3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2018 11,000    11,000 
Additions -    - 
Disposals -    - 
At 31 March 2019 11,000    11,000 

4.

Share Capital

Allotted
2019
£		   2018
£
1,000 Ordinary shares of £1.00 each 1,000    1,000 
1,000    1,000 

3