Atsource Foods Limited - Accounts

ATSOURCE FOODS LIMITED - Company Information

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Registered Number : 04772374

England and Wales

ATSOURCE FOODS LIMITED

Abridged Accounts

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

Atsource Foods Limited
Contents Page
For the year ended 31 March 2018

Accountants' Report
Statement of Financial Position
Notes to the Financial Statements

Atsource Foods Limited Accountants' Report For the year ended 31 March 2018
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Atsource Foods Limited for the year ended 31 March 2018 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Atsource Foods Limited for the year ended 31 December 2017 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Atsource Foods Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Atsource Foods Limited and state those matters that we have agreed to state to the Board of Directors of Atsource Foods Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atsource Foods Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Atsource Foods Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Atsource Foods Limited . You consider that Atsource 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 accounts of Atsource 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 accounts 31 March 2018 .................................................... Boffix & Co Accountancy Limited St Alban Tower Wood Street London EC2V 7AF 27 November 2018 1

Atsource Foods Limited
Accountants' Report
For the year ended 31 March 2018

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Atsource Foods Limited for the year ended 31 March 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Atsource Foods Limited for the year ended 31 December 2017 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Atsource Foods Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Atsource Foods Limited and state those matters that we have agreed to state to the Board of Directors of Atsource Foods Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atsource Foods Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Atsource Foods Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Atsource Foods Limited . You consider that Atsource 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 accounts of Atsource 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 accounts

31 March 2018

....................................................
Boffix & Co Accountancy Limited
St Alban Tower
Wood Street
London
EC2V 7AF
27 November 2018

Atsource Foods Limited
Statement of Financial Position
As at 31 March 2018

	Notes	2018 £	2017 £
Fixed assets
Tangible fixed assets	2	15,699	19,560
Investments	3	11,000	0
		26,699	19,560
Current assets
Debtors		317,739	47,681
Cash at bank and in hand		22,459	35,500
		340,198	83,182
Creditors: amount falling due within one year		(105,094)	(12,796)
Net current assets		235,104	70,386

Total assets less current liabilities		261,803	89,946
Net assets		261,803	89,946

Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		260,803	88,946
Shareholders funds		261,803	89,946

For the year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts

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

The members have agreed to the preparation of Abridged Accounts for this accounting period in accordance with section 444(2A).

Signed on behalf of the board of directors

--------------------------------
James Sheppard
Director

Date approved by the board: 27 November 2018

Atsource Foods Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2018

General Information

Atsource Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 04772374,registration address Wesley House,Bull Hill,Leatherhead,Surrey,KT22 7AH.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment	33% Straight Line
Office Equipment	33% Straight Line
Motor Vehicles	25% Straight Line

Tangible fixed assets

Cost or Valuation	Motor Vehicles	Office Equipment	Computer Equipment	Total
	£	£	£	£
At 01 April 2017	27,427	944	8,391	36,763
Additions	6,917	3,173	-	10,090
Disposals	-	-	-	-
At 31 March 2018	34,344	4,118	8,391	46,853
Depreciation
At 01 April 2017	12,802	349	4,052	17,203
Charge for year	10,711	958	2,282	13,951
On disposals	-	-	-	-
At 31 March 2018	23,513	1,307	6,334	31,154
Net book values
Closing balance as at 31 March 2018	10,830	2,811	2,057	15,699
Opening balance as at 01 April 2017	14,625	596	4,340	19,560

Investments

Cost or Valuation	Other investments other than loans	Total
	£	£
At 01 April 2017	-	-
Additions	11,000	11,000
Disposals	-	-
At 31 March 2018	11,000	11,000

Share Capital

Allotted	2018 £		2017 £
1,000 Ordinary shares of £1.00 each	1,000		1,000
	1,000		1,000

5.Director’s loan :

The director has a loaned owed to him which is interest-free and repayable on demand.