The Speciality Food Supply and Developme - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08180902

Unaudited Financial Statements for the Year Ended 31 August 2023

for

The Speciality Food Supply and

Development Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A R L Feather

R E Feather

SECRETARY:

Mrs A R L Feather

REGISTERED OFFICE:

Townsend Farmhouse

2 High Street

Froome

Somerset

BA11 6NZ

REGISTERED NUMBER:

08180902

ACCOUNTANTS:

Crossley and Co.

122 Winchcombe Street

Cheltenham

Gloucestershire

GL52 2NW

CURRENT ASSETS

Debtors

5

28,915

26,040

Cash at bank

-

2,525

28,915

28,565

CREDITORS

Amounts falling due within one year

6

74,360

67,886

NET CURRENT LIABILITIES

(45,445

)

(39,321

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,445

)

(39,321

)

CREDITORS

Amounts falling due after more than one year

7

19,287

39,000

NET LIABILITIES

(64,732

)

(78,321

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

(64,734

)

(78,323

)

SHAREHOLDERS' FUNDS

(64,732

)

(78,321

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2024 and were signed on its behalf by:

R E Feather - Director

1.	STATUTORY INFORMATION

The Speciality Food Supply and Development Company Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

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.

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2022

and 31 August 2023

12,940

DEPRECIATION

At 1 September 2022

and 31 August 2023

12,940

NET BOOK VALUE

At 31 August 2023

-

At 31 August 2022

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade debtors

28,540

26,040

Other debtors

375

-

28,915

26,040

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Bank loans and overdrafts

11,181

-

Trade creditors

1

(1

)

VAT

1,522

3,481

Directors' current accounts

60,906

62,906

Accrued expenses

750

1,500

74,360

67,886

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.23

31.8.22

£

£

Bank loans - 1-2 years

19,287

39,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.23

31.8.22

value:

£

£

2

Ordinary

1

2

2

9.

RESERVES

Retained

earnings

£

At 1 September 2022

(78,323

)

Profit for the year

13,589

At 31 August 2023

(64,734

)