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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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THE FOOD LINK GROUP LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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FOR |
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THE FOOD LINK GROUP LIMITED |
THE FOOD LINK GROUP LIMITED (REGISTERED NUMBER: 02925580) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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THE FOOD LINK GROUP LIMITED |
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COMPANY INFORMATION |
for the year ended 31 December 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
THE FOOD LINK GROUP LIMITED (REGISTERED NUMBER: 02925580) |
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BALANCE SHEET |
31 December 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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THE FOOD LINK GROUP LIMITED (REGISTERED NUMBER: 02925580) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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The Food Link Group Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about The Food Link Group Limited as an individual company and |
do not contain consolidated financial information as the parent of a group. The company is exempt under |
Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it |
and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its |
parent, The Keswick Enterprises Group Limited, . |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Income tax expense represents the sum of the tax currently payable and deferred tax. |
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The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in |
the statement of comprehensive income because of items of income or expense that are taxable or deductible in |
other years and items that are never taxable or deductible. 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. |
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Deferred tax is recognised on 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. Deferred tax |
liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised |
for all deductible temporary differences to the extent that it is probable that taxable profits will be available |
against which those deductible timing differences can be utilised. 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. |
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Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which |
the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or |
substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets |
reflects the tax consequences that would follow from the manner in which the Company expects, at the end of |
the reporting period, to recover or settle the carrying amount of its assets and liabilities. |
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Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are |
recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is |
also recognised in other comprehensive income or directly in equity respectively. |
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Valuation of investments |
Investments held as fixed assets are stated at cost less any provision for impairment. Investments held as current |
assets are stated at the lower of cost and net realisable value. |
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Impairment of fixed assets |
The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the asset |
against the higher of realisable value and value in use. |
THE FOOD LINK GROUP LIMITED (REGISTERED NUMBER: 02925580) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2017 |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 January 2017 |
and 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: England and Wales |
Nature of business:
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Class of shares: | holding |
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Registered office: England and Wales |
Nature of business:
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Class of shares: | holding |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed by group undertakings |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Accruals and deferred income |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Amounts owed to group undertakings |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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THE FOOD LINK GROUP LIMITED (REGISTERED NUMBER: 02925580) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2017 |
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8. | RELATED PARTY DISCLOSURES |
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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. |
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9. | AUDITOR LIABILITY LIMITATION AGREEMENT |
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The company has entered into a liability limitation agreement with Raffingers, the statutory auditor, in respect of |
the statutory audit for the year ended 31 December 2017. The proportionate liability agreement follows the |
standard terms in Appendix B to the Financial Reporting Council's June 2008 Guidance on Auditor Liability |
Agreements, and was approved by the directors on 11 January 2018. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company's ultimate controlling party is Mr J A Harvey by virtue of his majority shareholding in the |
company's ultimate parent company, The Keswick Enterprises Group Limited. |