Colyvale Foods Limited - Accounts to registrar (filleted) - small 17.3
Colyvale Foods Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2017 |
| for |
| COLYVALE FOODS LIMITED |
| COLYVALE FOODS LIMITED (REGISTERED NUMBER: 04291198) |
| Contents of the Financial Statements |
| for the year ended 30 April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| COLYVALE FOODS LIMITED |
| Company Information |
| for the year ended 30 April 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Woodlands Court |
| Truro Business Park |
| Truro |
| Cornwall |
| TR4 9NH |
| COLYVALE FOODS LIMITED (REGISTERED NUMBER: 04291198) |
| Balance Sheet |
| 30 April 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| COLYVALE FOODS LIMITED (REGISTERED NUMBER: 04291198) |
| Balance Sheet - continued |
| 30 April 2017 |
| 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. |
| 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 on behalf by: |
| COLYVALE FOODS LIMITED (REGISTERED NUMBER: 04291198) |
| Notes to the Financial Statements |
| for the year ended 30 April 2017 |
| 1. | STATUTORY INFORMATION |
| Colyvale Foods Limited is a |
| 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 |
| The company is no longer trading and therefore the financial statements are not prepared on a going |
| concern basis. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
| 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
| party transactions with wholly owned subsidiaries within the group. |
| Goodwill |
| 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. |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and |
| Section 12 "Other Financial Instruments" of FRS102 to all of its financial instruments. |
| Financial assets and liabilities are recognised in the company's statement of financial position when |
| the company becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are classified into specified categories. The classification depends on |
| the nature and purpose of the financial asset or liability and is determined at the time of recognition. |
| Basic financial assets, which include trade and other receivables, including staff loans and cash and |
| bank balances, are initially measured at transaction price including transaction costs and are |
| subsequently carried at amortised cost using the effective interest method, unless the arrangement |
| constitutes a financing transaction, where the transaction is measured at the present value of the |
| future receipts discounted at a market rate of interest. |
| Basic financial liabilities, which include trade and other payables are initially measured at transaction |
| price, unless the arrangement constitutes a financing transaction, where the debt instrument is |
| measured at the present value of the future payments discounted at a market rate of interest. |
| Other financial assets and / or liabilities are initially measured at their fair value, which is normally the |
| transaction price and are subsequently carried at fair value with all changes being recognised in the |
| profit or loss. |
| Financial liabilities are derecognised when, and only when, the company's obligations are discharged, |
| cancelled, or they expire. |
| COLYVALE FOODS LIMITED (REGISTERED NUMBER: 04291198) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax |
| assets are recognised when tax paid exceeds the tax payable. |
| Current and deferred tax is charged or credited to the profit or loss, except when it relates to items |
| charged or credited to other comprehensive income or equity, when the tax follows the transaction or |
| event it relates to and is also charged or credited to other comprehensive income, or equity. |
| Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are |
| offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends |
| either to settle on the net basis or to realise the asset and settle the liability simultaneously. |
| Current tax is based on taxable profit for the year. Taxable profit differs from total comprehensive |
| income because it excludes items of income or expense that are taxable or deductible in other periods. |
| Current tax assets and liabilities are measured using tax rates that have been enacted or substantively |
| enacted by the reporting period. |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date where transactions or events have occurred at that date that will result in an |
| obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions: |
| Deferred tax assets are recognised only to the extent that the directors consider that it is more likely |
| than not that there will be suitable taxable profits from which the future reversal of the underlying timing |
| differences can be deducted. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the |
| periods in which timing differences reverse, based on tax rates and laws enacted or substantively |
| enacted at the balance sheet date. |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| COLYVALE FOODS LIMITED (REGISTERED NUMBER: 04291198) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2017 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 April 2017 and |
| 30 April 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 6. | ULTIMATE CONTROLLING PARTY |
| The company is a wholly owned subsidiary of Yates Holdings (Cornwall) Limited, a company |
| incorporated in England and Wales. The Yates family control the company by virtue of their 100% |
| shareholding in the parent company. |