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Registration number: 11785289

Borrum Foods Group Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 1 February 2022 to 30 June 2023

 

Borrum Foods Group Ltd

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

Borrum Foods Group Ltd

Company Information

Directors

R C Boys-Stones

J C Rubin

R F J Darke

Company secretary

R C Boys-Stones

Registered office

Basepoint Business & Innovation Centre
110 Butterfield
Great Marlings
LUTON
Bedfordshire
LU2 8DL

Accountants

Holmes Peat Thorpe
Chartered Accountants
Basepoint Business & Innovation Centre
110 Butterfield
Great Marlings
LUTON
Bedfordshire
LU2 8DL

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Borrum Foods Group Ltd
for the Period Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Borrum Foods Group Ltd for the period ended 30 June 2023 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Borrum Foods Group Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Borrum Foods Group Ltd and state those matters that we have agreed to state to the Board of Directors of Borrum Foods Group Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Borrum Foods Group Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Borrum Foods Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Borrum Foods Group Ltd. You consider that Borrum Foods Group Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Borrum Foods Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Holmes Peat Thorpe
Chartered Accountants
Basepoint Business & Innovation Centre
110 Butterfield
Great Marlings
LUTON
Bedfordshire
LU2 8DL

11 September 2023

 

Borrum Foods Group Ltd

(Registration number: 11785289)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

222

6

Cash at bank and in hand

 

-

42

 

222

48

Creditors: Amounts falling due within one year

(111)

(101)

Total assets less current liabilities

 

111

(53)

Accruals and deferred income

 

(658)

(600)

Net liabilities

 

(547)

(653)

Capital and reserves

 

Called up share capital

5

6

6

Share premium reserve

494

-

Retained earnings

(1,047)

(659)

Shareholders' deficit

 

(547)

(653)

For the financial period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 11 September 2023 and signed on its behalf by:
 

.........................................
R C Boys-Stones
Company secretary and director

 

Borrum Foods Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2022 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Basepoint Business & Innovation Centre
110 Butterfield
Great Marlings
LUTON
Bedfordshire
LU2 8DL
United Kingdom

These financial statements were authorised for issue by the Board on 11 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation

The abridged financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements were prepared in accordance with Financial Reporting Standard 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Borrum Foods Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2022 to 30 June 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2022 - 2).

4

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

6

6

6

6