TASTE_OF_THE_WEST_INTERNA - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Taste of the West International Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Country House Estate, London Road, Whimple, Devon, EX5 2NL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The directors and key management personnel have continued to carefully monitor the cash position of the company, particularly in light of the impacts on the business of the COVID pandemic. The company can meet its working capital requirements with the continued support from group companies, by making full use of the Government’s support schemes such as grants, loans and furlough scheme along with the use of an agreed overdraft facility if required.

On this evidence, the directors consider it appropriate to prepare the financial statements on the going concern basis. The directors are positive that the company will continue to grow despite the impact of the Covid pandemic and the tough trading conditions resulting therefrom and are seeing positive results in the year to 30 June 2023, from which they expect to make a positive contribution.

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Directors remuneration

All directors are non-executive. They do not receive emoluments for their services to the company. Reasonable relevant expenses are reimbursed to the directors as necessary.

All staff are employed by the parent company of the group.

The parent company of Taste of the West International Ltd is Taste of the West Limited a company registered in England and Wales, whose registered office is Country House Estate, London Road, Whimple, Exeter EX5 2NL.