FOOD PROCESS ENGINEERING LIMITED

Company Registration Number:
SC088534 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

FOOD PROCESS ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

FOOD PROCESS ENGINEERING LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 68,734 47,614
Total fixed assets: 68,734 47,614
Current assets
Stocks: 4,925 12,350
Debtors:   299,740 440,516
Cash at bank and in hand: 1,347,608 1,160,945
Total current assets: 1,652,273 1,613,811
Creditors: amounts falling due within one year:   (691,780) (754,064)
Net current assets (liabilities): 960,493 859,747
Total assets less current liabilities: 1,029,227 907,361
Total net assets (liabilities): 1,029,227 907,361
Capital and reserves
Called up share capital: 4,000 4,000
Profit and loss account: 1,025,227 903,361
Shareholders funds: 1,029,227 907,361

The notes form part of these financial statements

FOOD PROCESS ENGINEERING LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 August 2024
and signed on behalf of the board by:

Name: Stephen McCrindle
Status: Director

The notes form part of these financial statements

FOOD PROCESS ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Tangible fixed assets and depreciation policy

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 costMotor vehicles - 20% on reducing balance

Other accounting policies

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FOOD PROCESS ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 13 13

FOOD PROCESS ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 123,493
Additions 43,406
Disposals (38,945)
At 31 March 2024 127,954
Depreciation
At 01 April 2023 75,879
Charge for year 13,062
On disposals (29,721)
At 31 March 2024 59,220
Net book value
At 31 March 2024 68,734
At 31 March 2023 47,614

FOOD PROCESS ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Related party transactions

Name of the related party:
Relationship:
Supplier
Description of the Transaction: During the year the company traded with LWS 56 Limited, a company owned and controlled by a common director. A management charge of £97,500 was made from LWS 56 Limited for services to Food Process Engineering Limited.
£
Balance at 01 April 2023 9,750
Balance at 31 March 2024 19,500