BELL FLAVOURS & FRAGRANCES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
Bell Flavours & Fragrances Limited is a private company limited by shares and incorporated in England. Its registered office is Salisbury Villas, Station Road, Cambridge, CB1 2LA. Its principal trading address is Regus House, 1010 Cambridge Business Park, Cambourne, Cambridge, CB3 6DP.
The Company's functional and transactional currency is GBP.
2.
ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The following principal accounting policies have been applied:
The Balance sheet shows net liabilities at the year end of £37,677 (2018 - £34,883). The parent company, Bell Flavors & Fragrances GmbH, has undertaken to continue to support the company. Consequently, the accounts are prepared on the going concern basis.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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CASH AND CASH EQUIVALENTS
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The Company has no employees other than the directors, who did not receive any remuneration
(2018 - £
NIL
)
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