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REGISTERED NUMBER: SC601266 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

FEED THE CREW LTD

FEED THE CREW LTD (REGISTERED NUMBER: SC601266)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FEED THE CREW LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: A M Brown
Mrs A Brown
H A Brown
Miss M A Brown
S A Brown





REGISTERED OFFICE: 41 Southbrae Gardens
Glasgow
G13 1UB





REGISTERED NUMBER: SC601266 (Scotland)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

FEED THE CREW LTD (REGISTERED NUMBER: SC601266)

BALANCE SHEET
30 June 2023

30.6.22 30.6.23
£    £    Notes £    £   
FIXED ASSETS
77,359 Tangible assets 5 116,713

CURRENT ASSETS
35,750 Stocks 18,300
141,410 Debtors 6 62,234
95,429 Cash at bank 85,817
272,589 166,351
CREDITORS
218,017 Amounts falling due within one year 7 107,630
54,572 NET CURRENT ASSETS 58,721
131,931 TOTAL ASSETS LESS CURRENT
LIABILITIES

175,434

CREDITORS
(45,909 ) Amounts falling due after more than one year 8 (33,334 )

- PROVISIONS FOR LIABILITIES 10 (7,807 )
86,022 NET ASSETS 134,293

CAPITAL AND RESERVES
3 Called up share capital 11 1,000
86,019 Retained earnings 133,293
86,022 SHAREHOLDERS' FUNDS 134,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

FEED THE CREW LTD (REGISTERED NUMBER: SC601266)

BALANCE SHEET - continued
30 June 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




Mrs A Brown - Director



A M Brown - Director


FEED THE CREW LTD (REGISTERED NUMBER: SC601266)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Feed The Crew Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the total invoice value, less credit notes, excluding value added tax, of sales made in the period.

Revenue from the sale of goods is recognised when the significant risk and rewards of ownership of the goods have passed to the buyer usually on dispatch of the goods to the buyer. Revenue is measured at the fair value of consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

FEED THE CREW LTD (REGISTERED NUMBER: SC601266)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

3. ACCOUNTING POLICIES - continued

Government grants
Grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there will be a reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company mainly enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties and loans to and from related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors or creditors, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

FEED THE CREW LTD (REGISTERED NUMBER: SC601266)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

3. 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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown withing borrowings in current liabilities.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
Totals machinery fittings vehicles equipment
£    £    £    £    £   
COST
At 1 July 2022 123,293 - 28,534 92,138 2,621
Additions 54,712 38,369 480 14,250 1,613
At 30 June 2023 178,005 38,369 29,014 106,388 4,234
DEPRECIATION
At 1 July 2022 45,934 - 9,550 34,774 1,610
Charge for year 15,358 1,569 2,916 10,386 487
At 30 June 2023 61,292 1,569 12,466 45,160 2,097
NET BOOK VALUE
At 30 June 2023 116,713 36,800 16,548 61,228 2,137
At 30 June 2022 77,359 - 18,984 57,364 1,011

FEED THE CREW LTD (REGISTERED NUMBER: SC601266)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 72,213
DEPRECIATION
At 1 July 2022 29,246
Charge for year 6,445
At 30 June 2023 35,691
NET BOOK VALUE
At 30 June 2023 36,522
At 30 June 2022 42,967

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 42,614 140,284
Other debtors 19,620 1,126
62,234 141,410

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts (see note 9) 3,282 15,289
Trade creditors 2,114 56,588
Taxation and social security 58,047 54,664
Other creditors 38,631 85,920
107,630 218,017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 33,334 37,722
Hire purchase contracts (see note 9) - 8,187
33,334 45,909

FEED THE CREW LTD (REGISTERED NUMBER: SC601266)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,111 15,499

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.23 30.6.22
£    £   
Net obligations repayable:
Within one year 3,282 15,289
Between one and five years - 8,187
3,282 23,476

10. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 7,807 -

Deferred
tax
£   
Charge to Income Statement during year 7,807
Balance at 30 June 2023 7,807

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
3 Ordinary £1 1,000 3

997 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

12. ULTIMATE CONTROLLING PARTY

Mr and Mrs A Brown (directors), control the company, as a result of holding the issued share capital in the company between them.