1 March 2021 false No description of principal activity Taxfiler 2022.8.3 11216410business:PrivateLimitedCompanyLtd2021-03-012022-02-28 112164102021-02-28 112164102021-03-012022-02-28 11216410business:AuditExempt-NoAccountantsReport2021-03-012022-02-28 11216410business:FullAccounts2021-03-012022-02-28 112164102022-02-28 11216410business:Director12021-03-012022-02-28 11216410business:RegisteredOffice2021-03-012022-02-28 112164102021-02-28 11216410core:WithinOneYear2022-02-28 11216410core:WithinOneYear2021-02-28 11216410core:AfterOneYear2022-02-28 11216410core:AfterOneYear2021-02-28 11216410core:ShareCapital2022-02-28 11216410core:ShareCapital2021-02-28 11216410core:RetainedEarningsAccumulatedLosses2022-02-28 11216410core:RetainedEarningsAccumulatedLosses2021-02-28 11216410business:SmallEntities2021-03-012022-02-28 11216410countries:EnglandWales2021-03-012022-02-28 11216410core:PlantMachinery2021-03-012022-02-28 11216410core:Goodwill2021-02-28 11216410core:Goodwill2022-02-28 11216410core:Goodwill2021-03-012022-02-28 11216410core:PlantMachinery2021-02-28 11216410core:PlantMachinery2022-02-28 112164102020-03-012021-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11216410 (England and Wales)
DARATIC GLOBAL FOODS LIMITED Unaudited accounts for the year ended 28 February 2022
DARATIC GLOBAL FOODS LIMITED Unaudited accounts Contents
Page
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DARATIC GLOBAL FOODS LIMITED Company Information for the year ended 28 February 2022
Director
Oluwole Muyideen AYENI
Company Number
11216410 (England and Wales)
Registered Office
34 DOWNLAND DRIVE HOVE BN3 8GJ ENGLAND
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DARATIC GLOBAL FOODS LIMITED Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,000 
14,000 
Tangible assets
1,900 
3,800 
8,900 
17,800 
Current assets
Inventories
32,495 
39,720 
Debtors
1,144 
2,600 
Cash at bank and in hand
1,749 
1,248 
35,388 
43,568 
Creditors: amounts falling due within one year
(6,592)
(11,019)
Net current assets
28,796 
32,549 
Total assets less current liabilities
37,696 
50,349 
Creditors: amounts falling due after more than one year
(91,185)
(82,824)
Net liabilities
(53,489)
(32,475)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(53,589)
(32,575)
Shareholders' funds
(53,489)
(32,475)
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 August 2022 and were signed on its behalf by
Oluwole Muyideen AYENI Director Company Registration No. 11216410
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DARATIC GLOBAL FOODS LIMITED Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
DARATIC GLOBAL FOODS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11216410. The registered office is 34 DOWNLAND DRIVE, HOVE, BN3 8GJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2021
35,000 
At 28 February 2022
35,000 
Amortisation
At 1 March 2021
21,000 
Charge for the year
7,000 
At 28 February 2022
28,000 
Net book value
At 28 February 2022
7,000 
At 28 February 2021
14,000 
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DARATIC GLOBAL FOODS LIMITED Notes to the Accounts for the year ended 28 February 2022
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2021
9,500 
At 28 February 2022
9,500 
Depreciation
At 1 March 2021
5,700 
Charge for the year
1,900 
At 28 February 2022
7,600 
Net book value
At 28 February 2022
1,900 
At 28 February 2021
3,800 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other debtors
1,144 
2,600 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
5,006 
8,727 
Other creditors
811 
1,517 
Accruals
775 
775 
6,592 
11,019 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
46,500 
46,500 
Other creditors
44,685 
36,324 
91,185 
82,824 
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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