Accounts filed on 30-06-2021


Registered number: 08110232






Set Produce Limited


ACCOUNTS

FOR THE YEAR ENDED 30/06/2021
























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


ACCOUNTS
FOR THE YEAR ENDED 30/06/2021





DIRECTORS
Mr I Cheetham


REGISTERED OFFICE
82 Reddish Road
Reddish
Cheadle
Stockport
SK5 7QU


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08110232



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


ACCOUNTS
FOR THEYEARENDED30/06/2021



CONTENTS



		Page

Directors' 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 30/06/2021

			2021		2020
	Notes		£		£

FIXED ASSETS
Intangible assets	3		15,000		30,000
Tangible assets	4		130,175		158,511

			145,175		188,511

CURRENT ASSETS
Stock		12,000		16,500
Debtors	6	283,294		144,546
Cash at bank and in hand		83,192		145,641
		378,486		306,687
CREDITORS: Amounts falling due within one year	7	426,126		300,377
NET CURRENT (LIABILITIES) / ASSETS			(47,640)		6,310
TOTAL ASSETS LESS CURRENT LIABILITIES			97,535		194,821


CREDITORS: Amounts falling due after more than one year	8		62,157		94,570

NET ASSETS			35,378		100,251

CAPITAL AND RESERVES

Called up share capital	9		100		100
Profit and loss account			35,278		100,151
SHAREHOLDERS' FUNDS			35,378		100,251

For the year ending 30/06/2021 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 04/06/2022 and signed on their behalf by



.............................
Mr I Cheetham
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 section 1A - 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.

Short Leasehold Properties		reducing balance 20%
Plant and Machinery		reducing balance 15%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 20%
Equipment		reducing balance 33%




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.




1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




6. DEBTORS	2021	2020
	£	£
Amounts falling due within one year
Trade debtors	263,246	126,290
VAT	4,466	2,439
Prepayments	15,582	15,817
	283,294	144,546




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
	£	£
UK corporation tax	1,937	15,209
PAYE control	3,035	7,225
Directors current account	39,220	520
Hire purchase	33,047	33,047
Trade creditors	331,692	225,213
Pension schemes	174	646
Accruals	17,021	18,517
	426,126	300,377




8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2021	2020
	£	£
Bank loans (unsecured) >1yr	50,000	50,000
Hire purchase >1yr	12,157	44,570
	62,157	94,570




9. SHARE CAPITAL	2021	2020
	£	£
Allotted, issued and fully paid:
70 A Ordinary Shares of £1 each	70	70
20 B Oridinary Shares of £1 each	20	20
10 C Oridinary Shares of £1 each	10	10
	100	100