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REGISTERED NUMBER: 08712803 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Food Machine Services Limited

Food Machine Services Limited (Registered number: 08712803)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Food Machine Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr M Green
Mr L Denning





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 08712803 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Food Machine Services Limited (Registered number: 08712803)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 346,941 350,158

CURRENT ASSETS
Stocks 111,410 110,510
Debtors 5 414,599 355,171
Cash at bank 1,036,329 942,041
1,562,338 1,407,722
CREDITORS
Amounts falling due within one year 6 373,460 390,248
NET CURRENT ASSETS 1,188,878 1,017,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,535,819

1,367,632

CREDITORS
Amounts falling due after more than one
year

7

33,453

45,862
NET ASSETS 1,502,366 1,321,770

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 1,502,256 1,321,660
SHAREHOLDERS' FUNDS 1,502,366 1,321,770

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Food Machine Services Limited (Registered number: 08712803)

Balance Sheet - continued
31 October 2023


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 30 July 2024 and were signed on its behalf by:




Mr M Green - Director



Mr L Denning - Director


Food Machine Services Limited (Registered number: 08712803)

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

1. STATUTORY INFORMATION

Food Machine Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Food Machine Services Limited (Registered number: 08712803)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2022 280,000 36,566 29,081
Additions - - 992
At 31 October 2023 280,000 36,566 30,073
DEPRECIATION
At 1 November 2022 - 27,795 21,325
Charge for year - 7,313 2,187
At 31 October 2023 - 35,108 23,512
NET BOOK VALUE
At 31 October 2023 280,000 1,458 6,561
At 31 October 2022 280,000 8,771 7,756

Food Machine Services Limited (Registered number: 08712803)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 1,276 113,034 10,473 470,430
Additions - 26,000 - 26,992
At 31 October 2023 1,276 139,034 10,473 497,422
DEPRECIATION
At 1 November 2022 887 61,620 8,645 120,272
Charge for year 97 19,353 1,259 30,209
At 31 October 2023 984 80,973 9,904 150,481
NET BOOK VALUE
At 31 October 2023 292 58,061 569 346,941
At 31 October 2022 389 51,414 1,828 350,158

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 68,100
DEPRECIATION
At 1 November 2022 29,794
Charge for year 9,576
At 31 October 2023 39,370
NET BOOK VALUE
At 31 October 2023 28,730
At 31 October 2022 38,306

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 308,785 219,336
Amounts owed by group undertakings 234 234
Other debtors 105,580 135,601
414,599 355,171

Food Machine Services Limited (Registered number: 08712803)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 110,143 118,461
Hire purchase contracts 12,409 12,409
Trade creditors 115,702 83,675
Taxation and social security 132,472 172,434
Other creditors 2,734 3,269
373,460 390,248

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 33,453 45,862