REGISTERED NUMBER: 00047313 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hull Corn And Feed Trade Association Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R P Brocklesby

Mr T H Parker

Ms A M Sutherby

Mr M Woodall

Mr R D Mackay

Mr S Owbridge

Mrs S J Sosa Garcia

Mr M A Tickle

Mr H J Todhunter

Mr W A Millar

Mr C I'Anson

Miss N C Ingman

Mr T Shouksmith

Mr J W A Barker

SECRETARY:

Ms D Bayliss

REGISTERED OFFICE:

Unit 11, Market Weighton Business Centre

Brecklands Park Industrial Estate

York Road

Market Weighton

YO43 3GL

REGISTERED NUMBER:

00047313 (England and Wales)

ACCOUNTANTS:

Harris Lacey and Swain

Suite 1

The Riverside Building

Hessle

East Yorkshire

HU13 0DZ

FIXED ASSETS

Tangible assets

4

41

242

Investments

5

50,000

55,000

50,041

55,242

CURRENT ASSETS

Stocks

17

5

Debtors

6

4,183

3,087

Cash at bank and in hand

55,141

49,771

59,341

52,863

CREDITORS

Amounts falling due within one year

7

904

822

NET CURRENT ASSETS

58,437

52,041

TOTAL ASSETS LESS CURRENT LIABILITIES

108,478

107,283

RESERVES

Income and expenditure account

108,478

107,283

108,478

107,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 surplus or deficit 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 11 October 2024 and were signed on its behalf by:

Mr H J Todhunter - Director

1.	STATUTORY INFORMATION

Hull Corn And Feed Trade Association Ltd is a private company, limited by guarantee , 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.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover

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

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the company's activities. Revenue is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the group's activities as described below.

The company provides trade organisation benefits to other organisations and people, these services are provided on a time and material basis or as a fixed price contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Donated assets

The association holds the following assets for which there is no attributable cost, but which have the following values for insurance purposes -

Chain of Office £9,995

Sterling Silver Trophy Cup £2,626

Fixed asset investments

Fixed asset investments, including shares and bonds, are initially measured at cost, comprising the acquisition price and directly attributable transaction costs. Impairment assessments are performed regularly, and any indication of impairment leads to the recognition of impairment losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2023

and 31 March 2024

1,702

DEPRECIATION

At 1 April 2023

1,460

Charge for year

201

At 31 March 2024

1,661

NET BOOK VALUE

At 31 March 2024

41

At 31 March 2023

242

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

£

Investec reserves

50,000

55,000

The market value of listed investments at year end were £57,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

4,183

3,087

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

144

16

Accruals & deferred income

760

806

904

822