The Regional Food Group For Yorkshire - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04241070 (England and Wales)

Financial Statements for the Year Ended 31 March 2021

for

The Regional Food Group For Yorkshire

and Humber Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Bell MBE

J N Wild

Mrs J Stammers

W G Page

SECRETARY:

M Stoddart

REGISTERED OFFICE:

Regional Agricultural Centre

Great Yorkshire Showground

Harrogate

HG2 8NZ

REGISTERED NUMBER:

04241070 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

2nd Floor, Woodside House

261 Low Lane

Horsforth

Leeds

West Yorkshire

LS18 5NY

FIXED ASSETS

Intangible assets

4

735

840

Tangible assets

5

-

-

735

840

CURRENT ASSETS

Debtors

6

9,320

3,401

Cash at bank

19,732

37,315

29,052

40,716

CREDITORS

Amounts falling due within one year

7

23,565

34,237

NET CURRENT ASSETS

5,487

6,479

TOTAL ASSETS LESS CURRENT LIABILITIES

6,222

7,319

RESERVES

Income and expenditure account

6,222

7,319

6,222

7,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 surplus or deficit 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2021 and were signed on its behalf by:

Mrs J Bell MBE - Director

1.	STATUTORY INFORMATION

The Regional Food Group For Yorkshire and Humber Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents amounts receivable in respect of trade shows, membership fees, exhibitions and fees for project and services net of VAT.

The membership revenue is split over the period that it pertains, rather than all taken as a sale in the month membership commenced.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Website is being amortised evenly over its estimated useful life of one years.

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

Mobile Kitchen

-

20% on cost

Equipment

-

100% straight line

Government grants

The grants are recognised under the performance model.

Financial instruments

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

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 1 (2020 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2020

and 31 March 2021

5,015

AMORTISATION

At 1 April 2020

4,175

Charge for year

105

At 31 March 2021

4,280

NET BOOK VALUE

At 31 March 2021

735

At 31 March 2020

840

5.	TANGIBLE FIXED ASSETS

Plant and

Mobile

machinery

Kitchen

Equipment

Totals

£

£

£

£

COST

At 1 April 2020

and 31 March 2021

5,700

7,727

578

14,005

DEPRECIATION

At 1 April 2020

and 31 March 2021

5,700

7,727

578

14,005

NET BOOK VALUE

At 31 March 2021

-

-

-

-

At 31 March 2020

-

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

6,313

3,236

Other debtors

3,007

165

9,320

3,401

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

861

1,328

Taxation and social security

1,655

3,867

Other creditors

21,049

29,042

23,565

34,237

8.	LIMITED BY GUARANTEE

Each member of the company has undertaken to contribute up to a maximum of £1 towards settlement of the debts and liabilities in the event of the company being wound up.