SAVOURY & SWEET SNACK FOODS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
The company is a private limited company, limited by shares and registered in England and Wales. The registered number of the company is 09686471. The registered office of the company is 65 Lewisher Road, Leicester, LE4 9LR.
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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 accounting policies have been applied.
Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.
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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The average monthly number of employees, including directors, during the year was
2
(2020:
2
)
.
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Amounts owed by group undertakings
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ALLOTTED, CALLED UP AND FULLY PAID
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1
(2020:
1
)
Ordinary
share of £
1.00
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RELATED PARTY TRANSACTIONS
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As a wholly owned subsidiary undertaking of their parent company, Burts Snacks Limited, the company has taken advantage of the exemption in paragraph 33.1A of FRS102 in not disclosing intragroup transactions where 100% of the voting rights are controlled within the group.
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