The Orkney Food Company Limited Filleted accounts for Companies House (small and micro)

THE ORKNEY FOOD COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC244684

THE ORKNEY FOOD COMPANY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2020

THE ORKNEY FOOD COMPANY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2020

Contents	Page

Officers and professional advisers	1

Report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position and the notes to the financial statements	3

THE ORKNEY FOOD COMPANY LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr L. G. Paterson
	Mr J. L. Paterson

Registered office	1-3 Low Street
	Buckie
	Moray
	AB56 1UX

Accountants	Ritsons
	Chartered accountants
	26-30 Marine Place
	Buckie
	Moray
	AB56 1UT

THE ORKNEY FOOD COMPANY LIMITED

REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE ORKNEY FOOD COMPANY LIMITED

YEAR ENDED 31 MARCH 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Orkney Food Company Limited for the year ended 31 March 2020, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of The Orkney Food Company Limited, as a body, in accordance with the terms of our engagement letter dated 8 May 2019. Our work has been undertaken solely to prepare for your approval the financial statements of The Orkney Food Company Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Orkney Food Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Orkney Food Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Orkney Food Company Limited. You consider that The Orkney Food Company 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 financial statements of The Orkney Food Company 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 financial statements.

Ritsons Chartered accountants

26-30 Marine Place Buckie Moray AB56 1UT

28 May 2020

THE ORKNEY FOOD COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2020

	2020	2019
	£	£
Fixed assets	33,343	26,934
	--------	--------

Current assets	108,218	59,102
Prepayments and accrued income	136	133
	---------	--------
	108,354	59,235

Creditors: amounts falling due within one year	91,150	79,234
	---------	--------
NET CURRENT ASSETS/(LIABILITIES)	17,204	( 19,999)
	--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES	50,547	6,935

Accruals and deferred income	600	600
	--------	-------
	49,947	6,335
	--------	-------

Capital and reserves	49,947	6,335
	--------	-------

Notes to the financial statements

1. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).

For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 28 May 2020 , and are signed on behalf of the board by:

Mr L. G. Paterson	Mr J. L. Paterson
Director	Director

Company registration number: SC244684

The company is a private company limited by shares, registered in Scotland.