LA FOOD DISTRIBUTION LIMITED

Company Registration Number:
08234311 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

LA FOOD DISTRIBUTION LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

LA FOOD DISTRIBUTION LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 15,000 18,000
Tangible assets: 4 29,939 39,462
Total fixed assets: 44,939 57,462
Current assets
Stocks: 4,716 44,716
Debtors:   89,226 36,511
Cash at bank and in hand: 4,586 22,052
Total current assets: 98,528 103,279
Creditors: amounts falling due within one year:   (110,528) (137,048)
Net current assets (liabilities): (12,000) (33,769)
Total assets less current liabilities: 32,939 23,693
Total net assets (liabilities): 32,939 23,693
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 32,839 23,593
Shareholders funds: 32,939 23,693

The notes form part of these financial statements

LA FOOD DISTRIBUTION LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: A T LOUKA
Status: Director

The notes form part of these financial statements

LA FOOD DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

TurnoverTurnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, valueadded tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, ifheld under a finance lease, over the lease term, whichever is the shorter.Plant and machinery at 25% on costMotor vehicles at 25% on reducing balanceComputer equipment at 33% on cost

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less anyaccumulated amortisation and any accumulated impairment losses.

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extentthat 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 balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheetdate.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.Hire purchase and leasing commitmentsAssets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of thefuture payments is treated as a liability.

LA FOOD DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 11 6

LA FOOD DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 30,000
At 31 December 2022 30,000
Amortisation
At 01 January 2022 12,000
Charge for year 3,000
At 31 December 2022 15,000
Net book value
At 31 December 2022 15,000
At 31 December 2021 18,000

LA FOOD DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 136,452
Additions 9,163
At 31 December 2022 145,615
Depreciation
At 01 January 2022 96,990
Charge for year 18,686
At 31 December 2022 115,676
Net book value
At 31 December 2022 29,939
At 31 December 2021 39,462