Registered Number 00926329
FEDERATION OF OILS SEEDS AND FATS ASSOCIATIONS LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 3 |
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Investments | 4 |
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Current assets | |||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
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Reserves | |||
Other reserves |
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Income and expenditure account |
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Members' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Leasehold improvements 10% straight line Computer hardware 33⅓% straight line
Office equipment 25% straight line Motor vehicles 25% straight line
Valuation information and policy
Other accounting policies
After making enquiries, Council has a reasonable expectation that the Federation has adequate resources to continue its activities for the foreseeable future. Accordingly, it continues to adopt the going concern basis in preparing the financial statements.
Stock is stated at the lower cost and net realisable value.
Leases
Rentals payable under operating leases are charged on a straight line basis over the lease term.
Pension Costs
The Federation operates a money purchase pension scheme. The scheme assets are held separately from those of the Federation. Contributions to the scheme are charged to the Income and Expenditure Account as they fall due.
Foreign Currencies
Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Assets and liabilities denominated in foreign currencies are translated into sterling at the exchange rates ruling at the Balance Sheet date. All exchange differences are taken to the Income and Expenditure Account.
2
Company limited by guarantee
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
( |
At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 54,287 |
At 31 March 2015 | 64,572 |
4
Fixed assets Investments
The market value of listed investments at 31 March 2016 was
£5,467,788 (2015: £4,735,399). 102,198 92,449
Cost brought forward 4,449,645 4,278,208
Additions 2,185,367 753,543
Disposals (1,354,262) (582,106)
Cost carried forward 5,280,750 4,449,645
2016
£ |
2015
£ |
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Debtors include the following amounts due after more than one year |
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