2022-11-01 06714930 2023-10-31 06714930 2022-11-01 2023-10-31 06714930 2022-10-31 06714930 2021-11-01 2022-10-31 06714930 uk-core:WithinOneYear 2022-10-31 06714930 uk-core:WithinOneYear 2023-10-31 06714930 uk-core:ShareCapital 2023-10-31 06714930 uk-core:ShareCapital 2022-10-31 06714930 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 06714930 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 06714930 uk-bus:Director1 2022-11-01 2023-10-31 06714930 uk-core:Buildings 2022-11-01 2023-10-31 06714930 uk-core:PlantMachinery 2022-11-01 2023-10-31 06714930 uk-core:CommercialMotorVehicles 2022-11-01 2023-10-31 06714930 uk-core:CommercialMotorVehicles 2022-10-31 06714930 uk-core:PlantMachinery 2022-10-31 06714930 uk-core:Buildings 2022-10-31 06714930 uk-core:Buildings 2023-10-31 06714930 uk-core:PlantMachinery 2023-10-31 06714930 uk-core:CommercialMotorVehicles 2023-10-31 iso4217:GBP xbrli:pure 06714930 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06714930 uk-bus:FRS102 2022-11-01 2023-10-31 06714930 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 06714930 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Food Processing Solutions UK Ltd
Registered Number:06714930
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Food Processing Solutions UK Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06714930
As at 31 October 2023
Food Processing Solutions UK Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
34,633
43,779
2
34,633
43,779
Current assets
Inventories
14,675
27,188
3
Trade and other receivables
257,901
565,423
4
477,835
Cash and cash equivalents
185,381
777,992
750,411
Trade and other payables: amounts falling due within one
year
(152,424)
(208,461)
5
597,987
569,531
Net current assets
Total assets less current liabilities
604,164
641,766
(742)
(6,602)
Provisions for liabilities
603,422
Net assets
635,164
Capital and reserves
Called up share capital
10
10
Retained earnings
603,412
635,154
603,422
635,164
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Paul Vickers Director
These financial statements were approved and authorised for issue by the Board on 31 July 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 October 2023
Food Processing Solutions UK Ltd
Notes to the Financial Statements
Statutory Information
Food Processing Solutions UK Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06714930.
Principal place of business:
Northgate Mill
Northgate
Pinchbeck
Spalding
PE11 3SQ
Registered address:
41 Fore Hill
Ely
Cambs
CB7 4AA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Per annum on cost
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. Lease arrangements that transfer substantially all the risks and rewards of ownership to the lessee are treated as finance leases. Assets held under finance leases are capitalised within tangible fixed assets and depreciated over the shorter of the lease term and the useful life of the asset. A liability is recognised for the present value of the minimum lease payments within current and non-current liabilities as appropriate. Rental payments are apportioned between capital and interest expense to achieve a constant rate of interest charge on the outstanding obligation.
2 of 4
5
For the year ended 31 October 2023
Food Processing Solutions UK Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 November 2022
214,485
102,331
83,919
28,235
3,197
-
3,197
-
Additions
At 31 October 2023
28,235
87,116
102,331
217,682
Provision for depreciation and impairment
At 01 November 2022
170,706
81,943
69,558
19,205
Charge for year
12,343
5,097
4,390
2,856
At 31 October 2023
183,049
87,040
73,948
22,061
At 31 October 2023
Net book value
6,174
13,168
15,291
34,633
At 31 October 2022
9,030
14,361
20,388
43,779
3. Inventories
2022
2023
£
£
Stocks
27,188
14,675
4. Trade and other receivables
2022
2023
£
£
Trade debtors
183,732
206,261
Other debtors
381,691
51,640
257,901
565,423
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
110,276
137,923
Taxation and social security
97,755
13,397
Other creditors
430
1,104
208,461
152,424
6. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
3 of 4
6
For the year ended 31 October 2023
Food Processing Solutions UK Ltd
Notes to the Financial Statements Continued
4 of 4