2022-01-012022-12-312022-12-31false04450002SPAIN'S ORGANIC LARDER 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SPAIN'S ORGANIC LARDER LIMITED

Registered Number
04450002
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

SPAIN'S ORGANIC LARDER LIMITED
Company Information
for the year from 1 January 2022 to 31 December 2022

Directors

Mr Allan Binks
Mrs Patricia Binks

Registered Address

Liston House Liston Gardens
Liston
Sudbury
CO10 7HY

Registered Number

04450002 (England and Wales)
SPAIN'S ORGANIC LARDER LIMITED
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets59,67534,731
9,67534,731
Current assets
Stocks625,00025,000
Debtors79,834537
Cash at bank and on hand8,55523,424
43,38948,961
Creditors amounts falling due within one year8(108,298)(1,594)
Net current assets (liabilities)(64,909)47,367
Total assets less current liabilities(55,234)82,098
Net assets(55,234)82,098
Capital and reserves
Called up share capital22
Profit and loss account(55,236)82,096
Shareholders' funds(55,234)82,098
The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2023, and are signed on its behalf by:
Mr Allan Binks
Director
Registered Company No. 04450002
SPAIN'S ORGANIC LARDER LIMITED
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
Spain's Organic Larder Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04450002. The registered office is Liston House Liston Gardens, Liston, Sudbury, CO10 7HY.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Property, plant and equipment policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Straight line (years)
Plant and machinery2
Fixtures and fittings2
Office Equipment2
Stocks policy
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
4.Employee information

20222021
Average number of employees during the year33
5.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 2216,44918,32634,68769,462
Additions--19,35019,350
At 31 December 2216,44918,32654,03788,812
Depreciation and impairment
At 01 January 228,2249,16317,34434,731
Charge for year8,2259,16327,01844,406
At 31 December 2216,44918,32644,36279,137
Net book value
At 31 December 22--9,6759,675
At 31 December 218,2259,16317,34334,731
6.Stocks

2022

2021

££
Other stocks25,00025,000
Total25,00025,000
7.Debtors

2022

2021

££
Trade debtors / trade receivables9,228335
Other debtors606202
Total9,834537
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2022

2021

££
Trade creditors / trade payables-184
Amounts owed to related parties106,798-
Accrued liabilities and deferred income1,5001,410
Total108,2981,594
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.