Food Sector Construction Limited - Accounts to registrar (filleted) - small 18.2

Food Sector Construction Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08003224(England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Food Sector Construction Limited

Food Sector Construction Limited (Registered number: 08003224)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Food Sector Construction Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mrs S Brown
S A Brown





REGISTERED OFFICE: 16 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 08003224(England and Wales)

Food Sector Construction Limited (Registered number: 08003224)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,155 92,646

CURRENT ASSETS
Stocks 355,345 357,000
Debtors 5 554,821 807,693
Cash at bank and in hand 94,388 38,440
1,004,554 1,203,133
CREDITORS
Amounts falling due within one year 6 636,084 866,197
NET CURRENT ASSETS 368,470 336,936
TOTAL ASSETS LESS CURRENT LIABILITIES 458,625 429,582

PROVISIONS FOR LIABILITIES 7,446 8,121
NET ASSETS 451,179 421,461

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 7 451,075 421,357
SHAREHOLDERS' FUNDS 451,179 421,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 30 August 2018and were signed on its behalf by:





S A Brown- Director


Food Sector Construction Limited (Registered number: 08003224)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Food Sector Construction Limited is a private company, limited by shares, registered in England and Wales. The
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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% straight line

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing
stocks to their present location and condition.

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 have been enacted or substantively
enacted by the balance sheet date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme
are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27(2017 - 19) .

Food Sector Construction Limited (Registered number: 08003224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2017 53,579 44,763 16,096 2,878 117,316
Additions - 3,581 4,803 - 8,384
At 31 March 2018 53,579 48,344 20,899 2,878 125,700
DEPRECIATION
At 1 April 2017 1,539 19,297 957 2,877 24,670
Charge for year 1,072 7,053 2,750 - 10,875
At 31 March 2018 2,611 26,350 3,707 2,877 35,545
NET BOOK VALUE
At 31 March 2018 50,968 21,994 17,192 1 90,155
At 31 March 2017 52,040 25,466 15,139 1 92,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 554,208 802,771
Other debtors 613 4,922
554,821 807,693

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 488,794 665,212
Taxation and social security 84,592 126,417
Other creditors 62,698 74,568
636,084 866,197

7. RESERVES
Retained
earnings
£   

At 1 April 2017 421,357
Profit for the year 110,739
Dividends (81,021 )
At 31 March 2018 451,075

8. ULTIMATE CONTROLLING PARTY

The Company is controlled by the Directors who hold 100% of the issued share capital.