Marric Foods Limited - Accounts to registrar (filleted) - small 18.2
Marric Foods Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 30 September 2021 |
| for |
| Marric Foods Limited |
| Marric Foods Limited (Registered number: 03866381) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2021 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| Marric Foods Limited |
| Company Information |
| for the Year Ended 30 September 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 19 The Grove |
| Ilkley |
| LS29 9LS |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Marric Foods Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marric Foods Limited for the year ended 30 September 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Marric Foods Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marric Foods Limited and state those matters that we have agreed to state to the Board of Directors of Marric Foods Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marric Foods Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Marric Foods 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 Marric Foods Limited. You consider that Marric Foods 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 Marric Foods 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. |
| 19 The Grove |
| Ilkley |
| LS29 9LS |
| Marric Foods Limited (Registered number: 03866381) |
| Balance Sheet |
| 30 September 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 10 |
| 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. |
| Marric Foods Limited (Registered number: 03866381) |
| Balance Sheet - continued |
| 30 September 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Marric Foods Limited (Registered number: 03866381) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2021 |
| 1. | STATUTORY INFORMATION |
| Marric Foods Limited is a |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| GOODWILL |
| The Goodwill was integrated on the acquisition of the Company in 2009 and has now been amortised over its useful life. |
| INTANGIBLE ASSETS |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| TANGIBLE FIXED ASSETS |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 Income Statement, 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. |
| Marric Foods Limited (Registered number: 03866381) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 October 2020 |
| and 30 September 2021 |
| AMORTISATION |
| At 1 October 2020 |
| and 30 September 2021 |
| NET BOOK VALUE |
| At 30 September 2021 |
| At 30 September 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Computer |
| leasehold | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2020 |
| Additions |
| At 30 September 2021 |
| DEPRECIATION |
| At 1 October 2020 |
| Charge for year |
| At 30 September 2021 |
| NET BOOK VALUE |
| At 30 September 2021 |
| At 30 September 2020 |
| 6. | FIXED ASSET INVESTMENTS |
| Marric Foods Limited (Registered number: 03866381) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| Loans to |
| group |
| undertakings |
| £ |
| New in year |
| At 30 September 2021 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Driver mileage control account | ( |
) |
| Amounts owed by group undertakings |
| Sales ledger control account | 14,016 | 12,200 |
| VAT |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other tax |
| VAT | - | 10,334 |
| Other creditors |
| Pension liability | 4,430 | 3,263 |
| Wages control account | - | (3,000 | ) |
| Directors' current accounts | 520 | - |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loan 1 (1 to 2 years) |
| Bank loan 2 (1 to 2 years) | 28,162 | 28,514 |
| Bank loan 3(1 to 2 years) | 16,487 | 16,662 |
| Bank loan 4 (1 to 2 years) | 83,084 | - |
| Bank loan 2 (2 to 5 years) | 84,487 | 85,542 |
| Bank loan 3 (2 to 5 years) | 49,461 | 49,986 |
| Bank loan 4 (2 to 5 years) | 249,252 | - |
| Bank loan 2 (over 5 years) | 38,509 | 60,596 |
| Bank loan 3 (over 5 years) | 17,769 | 30,955 |
| Bank loan 4 (over 5 years) | 162,601 | - |
| Marric Foods Limited (Registered number: 03866381) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loan 2 (over 5 years) | 38,509 | 60,596 |
| Bank loan 3 (over 5 years) | 17,769 | 30,955 |
| Bank loan 4 (over 5 years) | 162,601 | - |
| 218,879 | 91,551 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 October 2020 |
| Profit for the year |
| At 30 September 2021 |