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REGISTERED NUMBER: 08026070 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 May 2023

for

FPC Sugarcraft Limited

FPC Sugarcraft Limited (Registered number: 08026070)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

FPC Sugarcraft Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: M J Caudwell
Mrs K V Caudwell





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 08026070 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

FPC Sugarcraft Limited (Registered number: 08026070)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,645 2,142
1,645 2,142

CURRENT ASSETS
Stocks 6 2,753 6,865
Debtors 7 12,532 1,419
Cash at bank and in hand 21,695 55,689
36,980 63,973
CREDITORS
Amounts falling due within one year 8 45,481 42,599
NET CURRENT (LIABILITIES)/ASSETS (8,501 ) 21,374
TOTAL ASSETS LESS CURRENT LIABILITIES (6,856 ) 23,516

PROVISIONS FOR LIABILITIES 313 407
NET (LIABILITIES)/ASSETS (7,169 ) 23,109

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (7,269 ) 23,009
SHAREHOLDERS' FUNDS (7,169 ) 23,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 29 February 2024 and were signed on its behalf by:





M J Caudwell - Director


FPC Sugarcraft Limited (Registered number: 08026070)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

FPC Sugarcraft 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 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.

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.

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 2 (2022 - 2 ) .

FPC Sugarcraft Limited (Registered number: 08026070)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 269,000
AMORTISATION
At 1 June 2022
and 31 May 2023 269,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 7,845 1,502 7,354 16,701
DEPRECIATION
At 1 June 2022 6,470 1,261 6,828 14,559
Charge for year 275 48 174 497
At 31 May 2023 6,745 1,309 7,002 15,056
NET BOOK VALUE
At 31 May 2023 1,100 193 352 1,645
At 31 May 2022 1,375 241 526 2,142

6. STOCKS
31.5.23 31.5.22
£    £   
Stocks 2,753 6,865

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 4,487 -
Other debtors 8,045 1,022
Prepayments and accrued income - 397
12,532 1,419

FPC Sugarcraft Limited (Registered number: 08026070)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 948 -
Social security and other taxes 934 1,041
VAT 120 2,429
Other creditors 2,375 3,063
Directors' current accounts 39,579 34,366
Accrued expenses 1,525 1,700
45,481 42,599

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2022 23,009
Deficit for the year (30,278 )
At 31 May 2023 (7,269 )

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme though NOW pensions.
Employer contributions to the scheme for the year totalled £2,640 (2022 £2,820).
Accrued pension contributions outstanding at the balance sheet date totalled £440. (2022- £440).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
FPC Sugarcraft Limited

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 financial statements of FPC Sugarcraft Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of FPC Sugarcraft Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FPC Sugarcraft Limited and state those matters that we have agreed to state to the Board of Directors of FPC Sugarcraft Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FPC Sugarcraft Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that FPC Sugarcraft Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of FPC Sugarcraft Limited. You consider that FPC Sugarcraft Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FPC Sugarcraft Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY


29 February 2024