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REGISTERED NUMBER: 01873168 (England and Wales)









Financial Statements

for the Year Ended 30 April 2024

for

COMFEEDS (IPSWICH) LIMITED

COMFEEDS (IPSWICH) LIMITED (REGISTERED NUMBER: 01873168)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMFEEDS (IPSWICH) LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J R Wright





SECRETARY: E A Rice





REGISTERED OFFICE: 1 London Road
Ipswitch
Suffolk
IP1 2HA





REGISTERED NUMBER: 01873168 (England and Wales)





AUDITORS: Haines Watts (Western) Limited
Chartered Accountants and Statutory Auditors
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL

COMFEEDS (IPSWICH) LIMITED (REGISTERED NUMBER: 01873168)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 812,404 914,762
Cash at bank 20,797 -
833,201 914,762
CREDITORS
Amounts falling due within one year 5 (242,608 ) (326,240 )
NET CURRENT ASSETS 590,593 588,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,593

588,522

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 580,593 578,522
590,593 588,522

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





J R Wright - Director


COMFEEDS (IPSWICH) LIMITED (REGISTERED NUMBER: 01873168)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. COMPANY INFORMATION

Comfeeds (Ipswich) 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.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
The directors have reviewed and considered relevant information, including the annual budget and future cash flows, in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Significant judgements and estimates
It is considered that there are no significant estimates within the accounts to disclose.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

COMFEEDS (IPSWICH) LIMITED (REGISTERED NUMBER: 01873168)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents 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 within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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 ) .

COMFEEDS (IPSWICH) LIMITED (REGISTERED NUMBER: 01873168)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 316,192 408,866
Amounts owed by group undertakings 489,000 489,000
Other debtors 6,810 16,199
Prepayments and accrued income 402 697
812,404 914,762

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 31,248
Trade creditors 233,385 282,038
Tax 219 -
Accruals and deferred income 9,004 12,954
242,608 326,240

The bank borrowings are secured by fixed and floating charges over all of the company's assets and unlimited guarantees supplied by fellow group undertakings.

As at 30 April 2024, the entity had no bank overdraft facility or outstanding balance. In the prior year, the entity had a bank overdraft balance of £31,248.

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Bracher FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts (Western) Limited

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

The company's ultimate parent undertaking is Willett & Son (Bristol) Limited, a company registered in
England and Wales. The registered office address of the parent undertaking is the same as that given on the company information page of these accounts. There is no ultimate controlling party.