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REGISTERED NUMBER: SC604055 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2020 TO 31 DECEMBER 2021

FOR

FRESCO DOG FOODS (UK) LIMITED

FRESCO DOG FOODS (UK) LIMITED (REGISTERED NUMBER: SC604055)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2020 TO 31 DECEMBER 2021










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FRESCO DOG FOODS (UK) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2020 TO 31 DECEMBER 2021







DIRECTORS: W B Cullen
R Hauf





REGISTERED OFFICE: Unit 6 Cumbernauld Business Park
Wardpark Road
Cumbernauld
Glasgow
Lanarkshire
G67 3JZ





REGISTERED NUMBER: SC604055 (Scotland)





ACCOUNTANTS: D S Anderson
Chartered Accountant
DS Anderson & Co
62 Townhead
Kirkintilloch
Glasgow
G66 1NZ

FRESCO DOG FOODS (UK) LIMITED (REGISTERED NUMBER: SC604055)

ABRIDGED BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.7.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,217 16,572

CURRENT ASSETS
Stocks 339,050 125,574
Debtors 28,014 15,321
Cash at bank 11,462 52,348
378,526 193,243
CREDITORS
Amounts falling due within one year (321,720 ) (193,275 )
NET CURRENT ASSETS/(LIABILITIES) 56,806 (32 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,023

16,540

CREDITORS
Amounts falling due after more than one
year

(86,714

)

(101,199

)
NET LIABILITIES (16,691 ) (84,659 )

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (16,791 ) (84,759 )
SHAREHOLDERS' FUNDS (16,691 ) (84,659 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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.

FRESCO DOG FOODS (UK) LIMITED (REGISTERED NUMBER: SC604055)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2021


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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 26 April 2022 and were signed on its behalf by:




R Hauf - Director



W B Cullen - Director


FRESCO DOG FOODS (UK) LIMITED (REGISTERED NUMBER: SC604055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2020 TO 31 DECEMBER 2021


1. STATUTORY INFORMATION

Fresco Dog Foods (UK) Limited is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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
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.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

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:-

Plant & Machinery-25% R.B.
Fixture & Fittings-15% S.L.
Improvements to property & Computer Equipment-33.33% S.L.

The assets residual values, useful lives and depreciation methods are reviewed annually 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 the Statement of comprehensive income.

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


FRESCO DOG FOODS (UK) LIMITED (REGISTERED NUMBER: SC604055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2020 TO 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

FRESCO DOG FOODS (UK) LIMITED (REGISTERED NUMBER: SC604055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2020 TO 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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.

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.

Foreign Currencies
The value of goods imported into the UK and services exported from the UK are reflected in the profit and loss account at the actual conversion cost achieved.

Amounts owed to/by the company at the year end date in foreign currencies, and the balance on non-sterling bank accounts are reflected at the applicable year end date.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Profit and Loss Account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2020 - 2 ) .

FRESCO DOG FOODS (UK) LIMITED (REGISTERED NUMBER: SC604055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2020 TO 31 DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2020 20,764
Additions 39,488
Disposals (35,057 )
At 31 December 2021 25,195
DEPRECIATION
At 1 August 2020 4,192
Charge for period 14,550
Eliminated on disposal (6,764 )
At 31 December 2021 11,978
NET BOOK VALUE
At 31 December 2021 13,217
At 31 July 2020 16,572

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.7.20
value: £    £   
100 Ordinary £1 100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2021 and the year ended 31 July 2020:

31.12.21 31.7.20
£    £   
W B Cullen
Balance outstanding at start of period 10 -
Amounts advanced - 10
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 10 10

FRESCO DOG FOODS (UK) LIMITED (REGISTERED NUMBER: SC604055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2020 TO 31 DECEMBER 2021


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

R Hauf
Balance outstanding at start of period (51,209 ) (100,543 )
Amounts advanced - 49,334
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (51,209 ) (51,209 )

7. COMMITMENTS

The total outstanding commitment on operating leases amounted to £83,442 (2020: £29,220)

8. RELATED PARTIES

The Director's loans of £51,199 (2020: £51,199) are unsecured and interest free, repayable in full on demand.