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Company Registration No. 12446424 (England and Wales)
Holloway Food Ltd Unaudited accounts for the year ended 28 February 2023
Holloway Food Ltd Unaudited accounts Contents
Page
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Holloway Food Ltd Company Information for the year ended 28 February 2023
Director
Mr G Killi
Company Number
12446424 (England and Wales)
Registered Office
191 Holloway Road London N7 8DJ England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Holloway Food Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
13,300 
15,200 
Tangible assets
11,907 
13,986 
25,207 
29,186 
Current assets
Inventories
25,500 
27,500 
Debtors
764 
- 
Cash at bank and in hand
5,377 
4,748 
31,641 
32,248 
Creditors: amounts falling due within one year
(44,532)
(44,264)
Net current liabilities
(12,891)
(12,016)
Total assets less current liabilities
12,316 
17,170 
Creditors: amounts falling due after more than one year
(9,089)
(14,854)
Net assets
3,227 
2,316 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,127 
2,216 
Shareholders' funds
3,227 
2,316 
For the year ending 28 February 2023 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 6 October 2023 and were signed on its behalf by
Mr G Killi Director Company Registration No. 12446424
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Holloway Food Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Holloway Food Ltd is a private company, limited by shares, registered in England and Wales, registration number 12446424. The registered office is 191 Holloway Road, London, N7 8DJ, 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
5 years - reducing balance method
Motor vehicles
5 years - reducing balance method
Fixtures & fittings
10 years - reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Holloway Food Ltd Notes to the Accounts for the year ended 28 February 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
19,000 
At 28 February 2023
19,000 
Amortisation
At 1 March 2022
3,800 
Charge for the year
1,900 
At 28 February 2023
5,700 
Net book value
At 28 February 2023
13,300 
At 28 February 2022
15,200 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
1,290 
7,221 
8,574 
17,085 
At 28 February 2023
1,290 
7,221 
8,574 
17,085 
Depreciation
At 1 March 2022
258 
1,444 
1,397 
3,099 
Charge for the year
206 
1,155 
718 
2,079 
At 28 February 2023
464 
2,599 
2,115 
5,178 
Net book value
At 28 February 2023
826 
4,622 
6,459 
11,907 
At 28 February 2022
1,032 
5,777 
7,177 
13,986 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
764 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
VAT
1,449 
232 
Obligations under finance leases and hire purchase contracts
1,854 
1,985 
Trade creditors
1,155 
3,337 
Taxes and social security
2,032 
707 
Loans from directors
32,875 
34,003 
Accruals
1,167 
- 
44,532 
44,264 
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Holloway Food Ltd Notes to the Accounts for the year ended 28 February 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,089 
13,000 
Obligations under finance leases and hire purchase contracts
- 
1,854 
9,089 
14,854 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
Included within other creditors is an amount of £32,875 (2022: £34,003) due to its director. There are no terms as to interest or repayment in respect of this balance.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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