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REGISTERED NUMBER: 05481554 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

SUPREME ORGANICS LIMITED

SUPREME ORGANICS LIMITED (REGISTERED NUMBER: 05481554)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SUPREME ORGANICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: G Morris
Mrs S Morris
M Champney
T Stooks





SECRETARY: G Morris





REGISTERED OFFICE: 43 Bayton Road
Exhall
Coventry
West Midlands
CV7 9EF





REGISTERED NUMBER: 05481554 (England and Wales)





AUDITORS: Carlton Haines Limited
Statutory Auditors
Chartered Accountants
Carlton House
28-29 Carlton Terrace
Portslade
Brighton
BN41 1UR

SUPREME ORGANICS LIMITED (REGISTERED NUMBER: 05481554)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 5 4,982 15,948

CREDITORS
Amounts falling due within one year 6 - 10,731
NET CURRENT ASSETS 4,982 5,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,982

5,217

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,980 5,215
SHAREHOLDERS' FUNDS 4,982 5,217

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:




G Morris - Director



M Champney - Director


SUPREME ORGANICS LIMITED (REGISTERED NUMBER: 05481554)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Supreme Organics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As explained in Note 9, the Directors made the decision to cease trade and sell the equipment and stock at agreed values. As required by UK accounting standards, the directors have prepared the financial statements on the basis that the company is no longer a going concern.

Related party exemption
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.

Other intangible assets
Other intangible assets comprise patents and trademarks transferred from Ellisons Holdings Limited that were amortised over their useful remaining life of 3 years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

SUPREME ORGANICS LIMITED (REGISTERED NUMBER: 05481554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 38,727
AMORTISATION
At 1 January 2021
and 31 December 2021 38,727
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 4,982 15,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 9,931
Other creditors - 800
- 10,731

7. SECURED DEBTS

The company is party to a group overdraft facility that is secured by an omnibus letter of set off in favour of its bank

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon James (Senior Statutory Auditor)
for and on behalf of Carlton Haines Limited

9. CLOSURE OF BUSINESS

On 5th March 2019 the company ceased to trade, its stock and equipment were sold.

10. RELATED PARTY DISCLOSURES

The company's parent company is Beautiful Brands Limited, the registered office and trading address of this company is 43 Bayton Road, Exhall, Coventry CV7 9EF.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Morris.