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REGISTERED NUMBER: 07784563 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

FCF Potatoes Limited

FCF Potatoes Limited (Registered number: 07784563)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


FCF Potatoes Limited

Company Information
for the Year Ended 30 June 2024







Directors: Mrs S Duggleby
Mr P R Duggleby
Miss L Duggleby
Mr T R Duggleby





Registered office: Foxcovert Farm
Wetwang
Driffield
East Yorkshire
YO25 9JX





Registered number: 07784563 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

FCF Potatoes Limited (Registered number: 07784563)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,663 79,049

CURRENT ASSETS
Stocks 15,350 69,878
Debtors 5 5,293 8,738
Cash at bank 246,560 116,585
267,203 195,201
CREDITORS
Amounts falling due within one year 6 42,002 17,104
NET CURRENT ASSETS 225,201 178,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,864

257,146

PROVISIONS FOR LIABILITIES 7 2,499 3,333
NET ASSETS 297,365 253,813

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 297,265 253,713
SHAREHOLDERS' FUNDS 297,365 253,813

FCF Potatoes Limited (Registered number: 07784563)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

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 income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





Mr P R Duggleby - Director


FCF Potatoes Limited (Registered number: 07784563)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

FCF Potatoes 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.
Freehold property - No depreciation charged
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

FCF Potatoes Limited (Registered number: 07784563)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 61,508 95,700 19,250 176,458
DEPRECIATION
At 1 July 2023 - 88,987 8,422 97,409
Charge for year - 1,679 2,707 4,386
At 30 June 2024 - 90,666 11,129 101,795
NET BOOK VALUE
At 30 June 2024 61,508 5,034 8,121 74,663
At 30 June 2023 61,508 6,713 10,828 79,049

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 3,204 6,289
Prepayments and accrued income 2,089 2,449
5,293 8,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 3,110
Corporation tax 23,614 12,380
Directors' current accounts 17,638 704
Accruals and deferred income 750 910
42,002 17,104

FCF Potatoes Limited (Registered number: 07784563)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,499 3,333

Deferred
tax
£   
Balance at 1 July 2023 3,333
Provided during year (834 )
Balance at 30 June 2024 2,499

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary A £1 40 40
40 Ordinary B £1 40 40
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
100 100