Accounts filed on 31-10-2019

Accounts filed on 31-10-2019

FIFE FOOD NETWORK - Company Information

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SC371312falseto promote, educate and encourage the production, delivery, sale and consumption of local food and drink in Fife2018-11-012019-10-31http://www.companieshouse.gov.uk/2018-10-31http://www.companieshouse.gov.uk/cd:Director12018-11-012019-10-31http://www.companieshouse.gov.uk/cd:Director22018-11-012019-10-31http://www.companieshouse.gov.uk/cd:Director32018-11-012019-10-31http://www.companieshouse.gov.uk/cd:Director42018-11-012019-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2018-11-012019-10-31http://www.companieshouse.gov.uk/cd:Director52018-11-012019-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2018-11-012019-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2019-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2018-10-31http://www.companieshouse.gov.uk/2018-11-012019-10-31http://www.companieshouse.gov.uk/2018-10-31http://www.companieshouse.gov.uk/cd:FRS1022018-11-012019-10-31http://www.companieshouse.gov.uk/2019-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2018-11-012019-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2018-11-012019-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC371312
Fife Food Network
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019
Prepared By:
Lynn Cunningham
Chartered Accountant
G6, The Granary Business Centre
Coal Road
Cupar
Fife
KY15 5YQ
Fife Food Network
ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2019
DIRECTORS
William Docker
Martin Hollis
Thomas Mitchell
Jane Stewart
John Whitehead (Resigned 11/06/2019)
REGISTERED OFFICE
Unit G6
The Granary Business Centre
Cupar
Fife
KY15 5YQ
COMPANY DETAILS
Private company limited by guarantee registered in SC - Scotland, registered number SC371312
ACCOUNTANTS
Lynn Cunningham
Chartered Accountant
G6, The Granary Business Centre
Coal Road
Cupar
Fife
KY15 5YQ
Fife Food Network
ACCOUNTS
FOR THEYEARENDED31 OCTOBER 2019
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Fife Food Network
BALANCE SHEET AT 31 October 2019
20192018
Notes££
CURRENT ASSETS
Debtors24,857350
Cash at bank and in hand24,25732,136
29,11432,486
CREDITORS: Amounts falling due within one year314,48717,701
NET CURRENT ASSETS14,62714,785
TOTAL ASSETS LESS CURRENT LIABILITIES14,62714,785
CAPITAL AND RESERVES
Profit and loss account14,62714,785
SHAREHOLDERS' FUNDS14,62714,785
For the year ending 31 October 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16 July 2020 and signed on their behalf by
.............................
William Docker
Director
Fife Food Network
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2019
1. ACCOUNTING POLICIES
1a. General Information And Basis Of Preparation
The company is limited by guarantee and incorporated in Scotland. The address of the registered office is given in the company information on page 1 of these financial statements. The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1.
The financial statements have been prepared in accordance with Financial Reporting Standard FRS 102 Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. There were no material departures from that standard.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise shown.
1b. Taxation
The tax charge for the year reflects current tax payable. Current tax is the expected Corporation Tax payable for the year, using tax rates in force for the year. Fife Food Network is not liable to Corporation Tax on its activities with members. Corporation Tax is payable on investment income.
1c. Debtors And Creditor Receivable Payable Within One Year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2. DEBTORS 20192018
££
Amounts falling due within one year:
Trade debtors600350
Other debtors4,257-
4,857350
Fife Food Network
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
Trade creditors4,3722,823
Other creditors10,11514,878
14,48717,701
4. CONTROLLING PARTY
As the company is limited by guarantee, the directors consider that there is no single ultimate controlling party.