2 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 20,652 563 21,215 16,099 1,023 17,122 4,093 4,553 xbrli:pure xbrli:shares iso4217:GBP 04493421 2022-08-01 2023-07-31 04493421 2023-07-31 04493421 2022-07-31 04493421 2021-08-01 2022-07-31 04493421 2022-07-31 04493421 core:FurnitureFittings 2022-08-01 2023-07-31 04493421 bus:Director2 2022-08-01 2023-07-31 04493421 core:FurnitureFittings 2022-07-31 04493421 core:FurnitureFittings 2023-07-31 04493421 core:WithinOneYear 2023-07-31 04493421 core:WithinOneYear 2022-07-31 04493421 core:ShareCapital 2023-07-31 04493421 core:ShareCapital 2022-07-31 04493421 core:RetainedEarningsAccumulatedLosses 2023-07-31 04493421 core:RetainedEarningsAccumulatedLosses 2022-07-31 04493421 core:FurnitureFittings 2022-07-31 04493421 bus:Director2 2022-07-31 04493421 bus:Director2 2023-07-31 04493421 bus:Director2 2021-07-31 04493421 bus:Director2 2022-07-31 04493421 bus:Director2 2021-08-01 2022-07-31 04493421 bus:SmallEntities 2022-08-01 2023-07-31 04493421 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 04493421 bus:FullAccounts 2022-08-01 2023-07-31 04493421 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04493421 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 04493421
Food Safety Management Limited
Filleted Unaudited Financial Statements
31 July 2023
Food Safety Management Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
4,093
4,553
Current assets
Debtors
6
17,912
20,196
Cash at bank and in hand
13,883
23,945
------------
------------
31,795
44,141
Creditors: amounts falling due within one year
7
( 12,990)
( 18,623)
------------
------------
Net current assets
18,805
25,518
------------
------------
Total assets less current liabilities
22,898
30,071
------------
------------
Net assets
22,898
30,071
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
22,896
30,069
------------
------------
Shareholders funds
22,898
30,071
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Food Safety Management Limited
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 9 December 2023 , and are signed on behalf of the board by:
Mr J Davidson
Director
Company registration number: 04493421
Food Safety Management Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Leith Beck Fold, Melkinthorpe, Penrith, Cumbria, CA10 2DX, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and equipment
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 August 2022
20,652
20,652
Additions
563
563
------------
------------
At 31 July 2023
21,215
21,215
------------
------------
Depreciation
At 1 August 2022
16,099
16,099
Charge for the year
1,023
1,023
------------
------------
At 31 July 2023
17,122
17,122
------------
------------
Carrying amount
At 31 July 2023
4,093
4,093
------------
------------
At 31 July 2022
4,553
4,553
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
12,857
18,789
Other debtors
5,055
1,407
------------
------------
17,912
20,196
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,734
1,160
Corporation tax
4,274
7,859
Social security and other taxes
6,089
8,096
Other creditors
893
1,508
------------
------------
12,990
18,623
------------
------------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Davidson
( 655)
4,861
4,206
------------
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Davidson
( 10,460)
9,805
( 655)
------------
------------
------------
------------