River Food Trade Ltd. - Accounts to registrar - small 17.1.1
River Food Trade Ltd. - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| FOR |
| RIVER FOOD TRADE LTD. |
| RIVER FOOD TRADE LTD. (REGISTERED NUMBER: 07670550) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 JUNE 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| RIVER FOOD TRADE LTD. |
| COMPANY INFORMATION |
| for the Year Ended 30 JUNE 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| First Floor, Templeback |
| 10 Temple back |
| Bristol |
| BS1 6FL |
| RIVER FOOD TRADE LTD. (REGISTERED NUMBER: 07670550) |
| BALANCE SHEET |
| 30 JUNE 2017 |
| 30/6/17 | 30/6/16 |
| Notes | $ | $ |
| CURRENT ASSETS |
| Debtors | 4 |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 director on |
| RIVER FOOD TRADE LTD. (REGISTERED NUMBER: 07670550) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| River Food Trade Ltd. is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the US Dollar ($). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
| 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
| contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is |
| a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to |
| realise the asset and settle the liability simultaneously. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual |
| arrangements entered into. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at |
| transaction price. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of |
| business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or |
| less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction |
| price. |
| 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 that have been enacted or |
| substantively enacted by the balance sheet date. |
| RIVER FOOD TRADE LTD. (REGISTERED NUMBER: 07670550) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 JUNE 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into dollars at the rates of exchange ruling at the balance |
| sheet date. Transactions in foreign currencies are translated into dollars at the rate of exchange ruling at the date |
| of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Transition to frs 102 |
| This is the first financial year that the Company has presented its financial statements under FRS 102 issued by |
| the Financial Reporting Council. The last financial statements under a previous GAAP (UK GAAP applicable at |
| that time) were for the period from 1 July 2015 to 30 June 2016 and the date of transition to FRS 102 was |
| therefore 1 July 2015. |
| The Directors have made an assessment of potential differences in recognition and disclosure arising from the |
| transition to FRS 102 and determined that there are no material adjustments. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/6/17 | 30/6/16 |
| $ | $ |
| Principal Loan | 129,466 | 126,277 |
| Shareholder Loan | 38,232 | 50,368 |
| Tax |
| Prepayments |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/6/17 | 30/6/16 |
| $ | $ |
| Trade creditors |
| Tax |
| Accrued expenses |