ACCOUNTS - Final Accounts

THE SOCIETY OF FOOD HYGIENE AND TECHNOLOGY - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-313The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2021-04-01false3true 03217110 2021-04-01 2022-03-31 03217110 2020-04-01 2021-03-31 03217110 2022-03-31 03217110 2021-03-31 03217110 c:Director16 2021-04-01 2022-03-31 03217110 d:FurnitureFittings 2021-04-01 2022-03-31 03217110 d:FurnitureFittings 2022-03-31 03217110 d:FurnitureFittings 2021-03-31 03217110 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03217110 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 03217110 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-03-31 03217110 d:CurrentFinancialInstruments 2022-03-31 03217110 d:CurrentFinancialInstruments 2021-03-31 03217110 d:CurrentFinancialInstruments 1 2022-03-31 03217110 d:CurrentFinancialInstruments 1 2021-03-31 03217110 d:CurrentFinancialInstruments 3 2022-03-31 03217110 d:CurrentFinancialInstruments 3 2021-03-31 03217110 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03217110 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 03217110 d:RetainedEarningsAccumulatedLosses 2022-03-31 03217110 d:RetainedEarningsAccumulatedLosses 2021-03-31 03217110 c:FRS102 2021-04-01 2022-03-31 03217110 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 03217110 c:FullAccounts 2021-04-01 2022-03-31 03217110 c:CompanyLimitedByGuarantee 2021-04-01 2022-03-31 03217110 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 03217110

THE SOCIETY OF FOOD HYGIENE AND TECHNOLOGY

(A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022


THE SOCIETY OF FOOD HYGIENE AND TECHNOLOGY (A company limited by guarantee)

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 7


THE SOCIETY OF FOOD HYGIENE AND TECHNOLOGY (A company limited by guarantee) REGISTERED NUMBER:03217110

BALANCE SHEET

AS AT 31 MARCH 2022

		2022		2021
Note		£		£

Fixed assets
Intangible assets	4		5,916		6,902
Tangible assets	5		3,390		3,014
			9,306		9,916
Current assets
Debtors: amounts falling due within one year	6	39,924		62,905
Cash at bank and in hand		143,786		75,897
		183,710		138,802
Creditors: amounts falling due within one year	7	(151,652)		(119,678)
Net current assets			32,058		19,124
Total assets less current liabilities			41,364		29,040

Net assets			41,364		29,040

Capital and reserves
Profit and loss account	41,364	29,040
	41,364	29,040

Page 1


THE SOCIETY OF FOOD HYGIENE AND TECHNOLOGY (A company limited by guarantee) REGISTERED NUMBER:03217110

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2022.

Mr M McCorkell (Hon Treasurer)

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2


THE SOCIETY OF FOOD HYGIENE AND TECHNOLOGY (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1.	General information

The Society of Food Hygiene and Technology is a private company limited by guarantee incorporated in England. The address of the registered office and principal place of business is The Long Barn, Hurley Hall, Atherstone Lane, Hurley, near Atherstone, Warwickshire, CV9 2HT.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


THE SOCIETY OF FOOD HYGIENE AND TECHNOLOGY (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Furniture and equipment

20% reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 4


THE SOCIETY OF FOOD HYGIENE AND TECHNOLOGY (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

4.	Intangible assets

		Database
		£
	Cost
	At 1 April 2021	9,860
	At 31 March 2022	9,860
	Amortisation
	At 1 April 2021	2,958
	Charge for the year on owned assets	986
	At 31 March 2022	3,944
	Net book value
	At 31 March 2022	5,916
	At 31 March 2021	6,902

Page 5


THE SOCIETY OF FOOD HYGIENE AND TECHNOLOGY (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

5.	Tangible fixed assets

		Furniture and equipment
		£
	Cost
	At 1 April 2021	14,680
	Additions	1,400
	Disposals	(2,621)
	At 31 March 2022	13,459
	Depreciation
	At 1 April 2021	11,666
	Charge for the year on owned assets	708
	Disposals	(2,305)
	At 31 March 2022	10,069
	Net book value
	At 31 March 2022	3,390
	At 31 March 2021	3,014

Page 6


THE SOCIETY OF FOOD HYGIENE AND TECHNOLOGY (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

Debtors

					2022	2021
					£	£


Membership fees	4,692	4,316
Supporting company membership fees	3,456	512
Training	954	24
Training academy	3,685	4,058
Level 4	1,138	8,256
Annual luncheon	3,192	5,160
Prepayments and accrued income	22,807	40,579
	39,924	62,905

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	32,945	7,635
Corporation tax	1	-
Other taxation and social security	18,075	14,290
Other creditors	1,815	1,169
Accruals and deferred income	98,816	96,584
	151,652	119,678


8.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 7