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REGISTERED NUMBER: 10694029 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

ANGLESEY FINE FOODS LTD

ANGLESEY FINE FOODS LTD (REGISTERED NUMBER: 10694029)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Report of the accountants 8

ANGLESEY FINE FOODS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: F A Parrott
J M Parrott





REGISTERED OFFICE: The Old Courthouse
Station Road
Y Fali
Ynys Mon
LL65 3EB





REGISTERED NUMBER: 10694029 (England and Wales)





ACCOUNTANTS: Fraser Wood Limited
Chartered Certified Accountants
Victoria House
Plas Llwyd Terrace
Bangor
Gwynedd
LL57 1UB

ANGLESEY FINE FOODS LTD (REGISTERED NUMBER: 10694029)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Intangible assets 4 52,500 62,698
Tangible assets 5 60,250 61,401
112,750 124,099

CURRENT ASSETS
Stocks 15,000 9,200
Debtors 6 12,724 11,709
Cash at bank and in hand 27,838 23,701
55,562 44,610
CREDITORS
Amounts falling due within one year 7 (66,227 ) (63,366 )
NET CURRENT LIABILITIES (10,665 ) (18,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,085

105,343

CREDITORS
Amounts falling due after more than
one year

8

(36,766

)

(44,503

)

PROVISIONS FOR LIABILITIES (11,447 ) (11,666 )
NET ASSETS 53,872 49,174

ANGLESEY FINE FOODS LTD (REGISTERED NUMBER: 10694029)

BALANCE SHEET - continued
31 MARCH 2022

31.3.22 31.3.21
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,772 49,074
53,872 49,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 applicable to companies subject to the small companies regime.

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 August 2022 and were signed on its behalf by:





J M Parrott - Director


ANGLESEY FINE FOODS LTD (REGISTERED NUMBER: 10694029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Anglesey Fine Foods Ltd 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 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 value added tax, for retail and trade sales of butchery meats.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 10% on reducing balance and 15%-33% on reducing balance

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

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.


ANGLESEY FINE FOODS LTD (REGISTERED NUMBER: 10694029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 103,168
AMORTISATION
At 1 April 2021 40,470
Charge for year 10,198
At 31 March 2022 50,668
NET BOOK VALUE
At 31 March 2022 52,500
At 31 March 2021 62,698

ANGLESEY FINE FOODS LTD (REGISTERED NUMBER: 10694029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 75,093
Additions 7,405
At 31 March 2022 82,498
DEPRECIATION
At 1 April 2021 13,692
Charge for year 8,556
At 31 March 2022 22,248
NET BOOK VALUE
At 31 March 2022 60,250
At 31 March 2021 61,401

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 10,465 759
Other debtors 2,259 10,950
12,724 11,709

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 11,808 6,034
Trade creditors 43,246 31,800
Taxation and social security 10,378 11,303
Other creditors 795 14,229
66,227 63,366

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 36,766 44,503

ANGLESEY FINE FOODS LTD (REGISTERED NUMBER: 10694029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

9. DIRECTORS LOANS

The Director's loan £795 (31 March 2021 £13,437) is included in creditors falling due within one year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is F A Parrot and J M Parrot, directors and equal shareholders.

ANGLESEY FINE FOODS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
ANGLESEY FINE FOODS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the accounts of Anglesey Fine Foods Ltd for the period ended 31 March 2022 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.






Fraser Wood Limited
Chartered Certified Accountants
Victoria House
Plas Llwyd Terrace
Bangor
Gwynedd
LL57 1UB


26 August 2022