Registered number
10735608
WHEATHAMPSTEAD FOOD LTD
Filleted Accounts
31 March 2022
WHEATHAMPSTEAD FOOD LTD
Registered number: 10735608
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Current assets
Stocks 4,505 3,860
Debtors 3 12,400 23,100
Cash at bank and in hand 1,760 3,532
18,665 30,492
Creditors: amounts falling due within one year 4 (9,020) (2,010)
Net current assets 9,645 28,482
Total assets less current liabilities 9,645 28,482
Creditors: amounts falling due after more than one year 5 (19,352) (30,000)
Net liabilities (9,707) (1,518)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,807) (1,618)
Shareholder's funds (9,707) (1,518)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Kadir Bayrak
Director
Approved by the board on 15 August 2022
WHEATHAMPSTEAD FOOD LTD
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 4 4
3 Debtors 2022 2021
£ £
Prepayments & other debtors 12,400 23,100
4 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans 6,389 -
Taxation and social security costs 1,076 1,070
Accrued expenses & other creditors 1,555 940
9,020 2,010
5 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 19,352 30,000
6 Other information
WHEATHAMPSTEAD FOOD LTD is a private company limited by shares and incorporated in England. Its registered office is:
147 Cranbrook Road
Ilford
Essex
IG1 4PU
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