Treelinks (Ingredients) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04255909 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2019

for

Treelinks (Ingredients) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J D Gittins Jones

Ms R E Baker

Registered office:

C/o Gabb & Co Solicitors

32 Monk Street

Abergavenny

Blaenau Gwent

NP7 5NW

Business address:

Windmill Hill

Harewood End

Hereford

HR2 8JS

Registered number:

04255909 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

5

31,487

36,911

CURRENT ASSETS

Stocks

675,475

928,516

Debtors

2,115,920

2,283,591

Cash at bank and in hand

80,771

76,423

2,872,166

3,288,530

CREDITORS

Amounts falling due within one year

1,428,358

1,361,525

NET CURRENT ASSETS

1,443,808

1,927,005

TOTAL ASSETS LESS CURRENT LIABILITIES

1,475,295

1,963,916

PROVISIONS FOR LIABILITIES

5,983

6,901

NET ASSETS

1,469,312

1,957,015

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

1,468,312

1,956,015

SHAREHOLDERS' FUNDS

1,469,312

1,957,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Balance Sheet for the year ended 30 November 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2020 and were signed on its behalf by:

J D Gittins Jones - Director

1.	STATUTORY INFORMATION

Treelinks (Ingredients) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

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 Profit and Loss Account,

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.

Invoice discounting

The company has entered into an invoice discounting agreement for certain trade debtors. Amounts due from the

customers are shown in full in trade debtors, with amounts due to the finance company shown in creditors due

within twelve months within other creditors.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement.

They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 December 2018

169,551

Additions

10,250

At 30 November 2019

179,801

Depreciation

At 1 December 2018

132,640

Charge for year

15,674

At 30 November 2019

148,314

Net book value

At 30 November 2019

31,487

At 30 November 2018

36,911

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

4,781

5,737

Between one and five years

-

4,790

4,781

10,527

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Lloyds

416,948

476,484

A fixed charge is held over factored trade debtors as security for amounts advanced.

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Share capital 1

£1

1,000

1,000

9.	RELATED PARTY DISCLOSURES

During the period Treelinks (Ingredients) Limited had an inter-company loan of £495,709.81 due from Heritage

Frozen Foods Limited. No interest is charged on this loan.

During the period Treelinks (Ingredients) Limited were charged £96,000 by Heritage Frozen Foods Limited in

relation to Management Services.

10.	ULTIMATE PARENT COMPANY

The Ultimate Parent Company is Heritage Frozen Foods Limited.