Accounts filed on 31-03-2020


Registered number: 03950399






Udale Speciality Foods Limited


ACCOUNTS

FOR THE YEAR ENDED 31/03/2020


Udale Speciality Foods Limited


ACCOUNTS
FOR THE YEAR ENDED 31/03/2020





DIRECTORS
Mr IR Udale
Mr NR Udale
Mr R Udale
Mrs KE Pollard



SECRETARY
Mrs KE Pollard


REGISTERED OFFICE
Newlands farm
Raisbeck
Orton
Penrith
CA1 3SG


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03950399



BANKERS
Handelsbanken



ACCOUNTANTS
Robinson Udale Ltd
The Old Bank
Penrith
Cumbria
CA11 7AY


ACCOUNTS
FOR THEYEARENDED31/03/2020



CONTENTS



		Page

Directors' Report		-

Strategic 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 31/03/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Tangible assets	2		1,248,897		1,336,211

CURRENT ASSETS
Stock		76,538		172,601
Debtors	4	592,711		892,423
Cash at bank and in hand		284,521		190,827
		953,770		1,255,851
CREDITORS: Amounts falling due within one year	5	938,529		1,130,966
NET CURRENT ASSETS			15,241		124,885
TOTAL ASSETS LESS CURRENT LIABILITIES			1,264,138		1,461,096


CREDITORS: Amounts falling due after more than one year	6		713,425		817,287


PROVISIONS FOR LIABILITIES AND CHARGES	8		33,150		39,465

NET ASSETS			517,563		604,344

CAPITAL AND RESERVES

Called up share capital	9		60,000		60,000
Profit and loss account			457,563		544,344
SHAREHOLDERS' FUNDS			517,563		604,344

For the year ending 31/03/2020 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 12/02/2021 and signed on their behalf by



.............................
Mr IR Udale
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%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%




1c. 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.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




4. DEBTORS	2020	2019
	£	£
Amounts falling due within one year
Trade debtors	549,824	846,516
VAT	30,177	37,919
Prepayments	12,710	7,988
	592,711	892,423




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
Taxes and Social Security	150,892	171,248
Hire purchase	66,737	65,394
Trade creditors	594,280	723,807
Other creditors	126,620	170,517
	938,529	1,130,966




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2020	2019
	£	£
Bank loans (secured) >1yr	670,618	722,500
Hire purchase >1yr	42,807	94,787
	713,425	817,287




9. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
60000 Ordinary shares of £1 each	60000	60000
	60,000	60,000