Accounts filed on 30-04-2019


Registered number: 07648601






Sous Vide Meal Solutions Limited


ACCOUNTS

FOR THE 516 DAY PERIOD ENDED 30/04/2019
























Prepared By:
Montague Kaye
Accountants & Registered Auditors
82 Reddish Road
Reddish
Stockport
Cheshire
SK5 7QU


Sous Vide Meal Solutions Limited


ACCOUNTS
FOR THE 516 DAY PERIOD ENDED 30/04/2019





DIRECTORS
Mr D C Walker



SECRETARY
Mrs H Z Walker (appointed 30th August 2019)


REGISTERED OFFICE
Rowan House
Whitehill Industrial Estate
Stockport
SK5 7LW


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07648601



ACCOUNTANTS
Montague Kaye
Accountants & Registered Auditors
82 Reddish Road
Reddish
Stockport
Cheshire
SK5 7QU


ACCOUNTS
FOR THE516 DAY PERIODENDED30/04/2019



CONTENTS



		Page

Directors' 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 30/04/2019

			2019		2017
	Notes		£		£

FIXED ASSETS
Intangible assets	2		631		1,097
Tangible assets	3		2,585,922		2,718,679

			2,586,553		2,719,776

CURRENT ASSETS
Stock		500,753		956,080
Debtors	5	1,976,658		1,406,972
Cash at bank and in hand		368		47,871
		2,477,779		2,410,923
CREDITORS: Amounts falling due within one year	6	3,889,982		3,762,523
NET CURRENT LIABILITIES			(1,412,203)		(1,351,600)
TOTAL ASSETS LESS CURRENT LIABILITIES			1,174,350		1,368,176


CREDITORS: Amounts falling due after more than one year	7		464,066		297,971

NET ASSETS			710,284		1,070,205

CAPITAL AND RESERVES

Called up share capital	9		1		1
Revaluation reserve	1e,10		985,867		985,867
Profit and loss account			(275,584)		84,337
SHAREHOLDERS' FUNDS			710,284		1,070,205

For the year ending 30/04/2019 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 31/01/2020 and signed on their behalf by



.............................
Mr D C Walker
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% & 4/15 years SL%
Commercial Vehicles		straight line 4 years%
Fixtures and Fittings		reducing balance 15% & 4 years SL%
Equipment		reducing balance 25% & 4 years SL%
Motor Cars		reducing balance 25% & 4/10 years SL%




1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.




1d. 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.




1e. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.




3. TANGIBLE FIXED ASSETS

	Plant and	Commercial	Fixtures
	Machinery	Vehicles	and Fittings	Equipment	Motor Cars	Total
	£	£	£	£	£	£
Cost
At 01/12/2017	1,273,367	176,035	55,102	46,773	2,088,224	3,639,501
Additions	38,464	28,992	62,526	6,312	152,459	288,753
At 30/04/2019	1,311,831	205,027	117,628	53,085	2,240,683	3,928,254
Depreciation
At 01/12/2017	148,828	108,452	33,464	27,396	602,682	920,822
For the 516 day period	119,306	49,463	16,705	11,848	224,188	421,510
At 30/04/2019	268,134	157,915	50,169	39,244	826,870	1,342,332
Net Book Amounts
At 30/04/2019	1,043,697	47,112	67,459	13,841	1,413,813	2,585,922
At 30/11/2017	1,124,539	67,583	21,638	19,377	1,485,542	2,718,679
There is a debenture, fixed and floating charge and negative pledge over the company property that was satisfied on the 14th May 2019. There is a further charge containing a negative pledge over certain assets of the company that is outstanding. There is a further charge over the company property that is outstanding which also contains fixed and floating charges and a negative pledge.




5. DEBTORS	2019	2017
	£	£
Amounts falling due within one year
Trade debtors	1,282,245	610,413
VAT	103,811	243,660
Development Costs	359,403	359,403
Prepayments	80,303	48,609
Directors current account	150,896	144,887
	1,976,658	1,406,972
Within debtors is a legal charge between the company and Hitachi Capital (UK) Ltd by way of a debenture over the assets of the company. This was satisfied on the 14th May 2019.
The directors loan account was repaid in full by 12th December 2018.




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2017
	£	£
PAYE control	71,676	82,353
Loans	124,982	-
Finance leases	245,334	393,111
Hire purchase	-	3,565
Trade creditors	3,395,594	3,179,680
Accruals	52,396	103,814
	3,889,982	3,762,523




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2019	2017
	£	£
Loans >1yr	317,106	-
Finance Leases >1yr	146,960	297,971
	464,066	297,971




9. SHARE CAPITAL	2019	2017
	£	£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each	1	1
	1	1




11. RELATED PARTY TRANSACTIONS
The company was under the control of Mr Walker throughout the current period. Mr Walker is the managing director and sole shareholder.