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REGISTERED NUMBER: 03389420 (England and Wales)



















MOSHE FOOD & DELICATESSEN LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022






MOSHE FOOD & DELICATESSEN LTD (REGISTERED NUMBER: 03389420)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MOSHE FOOD & DELICATESSEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2022







DIRECTORS: Mr J Feld
Mrs G Salzman
Mr D Salzman





SECRETARY: Mrs G Salzman





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 03389420 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

MOSHE FOOD & DELICATESSEN LTD (REGISTERED NUMBER: 03389420)

BALANCE SHEET
31 AUGUST 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 170,548 187,661

CURRENT ASSETS
Stocks 6 320,000 270,000
Debtors 7 322,122 331,445
Cash at bank 190,173 252,397
832,295 853,842
CREDITORS
Amounts falling due within one year 8 199,189 233,810
NET CURRENT ASSETS 633,106 620,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

803,654

807,693

CREDITORS
Amounts falling due after more than one
year

9

(29,217

)

(54,498

)

PROVISIONS FOR LIABILITIES 10 (24,254 ) (24,363 )
NET ASSETS 750,183 728,832

CAPITAL AND RESERVES
Called up share capital 7 7
Share premium 5,503 5,503
Retained earnings 744,673 723,322
SHAREHOLDERS' FUNDS 750,183 728,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MOSHE FOOD & DELICATESSEN LTD (REGISTERED NUMBER: 03389420)

BALANCE SHEET - continued
31 AUGUST 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2023 and were signed on its behalf by:





Mr D Salzman - Director


MOSHE FOOD & DELICATESSEN LTD (REGISTERED NUMBER: 03389420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

1. STATUTORY INFORMATION

Moshe Food & Delicatessen Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 14 ) .

MOSHE FOOD & DELICATESSEN LTD (REGISTERED NUMBER: 03389420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2021
and 31 August 2022 54,219 462,203 26,970 543,392
DEPRECIATION
At 1 September 2021 11,917 326,793 17,021 355,731
Charge for year 1,085 13,541 2,487 17,113
At 31 August 2022 13,002 340,334 19,508 372,844
NET BOOK VALUE
At 31 August 2022 41,217 121,869 7,462 170,548
At 31 August 2021 42,302 135,410 9,949 187,661

6. STOCKS
2022 2021
£    £   
Stocks 320,000 270,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 108,039 137,056
Other debtors 214,083 194,389
322,122 331,445

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,095 -
Trade creditors 123,665 122,242
Taxation and social security 45,229 48,646
Other creditors 21,200 62,922
199,189 233,810

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 29,217 54,498

MOSHE FOOD & DELICATESSEN LTD (REGISTERED NUMBER: 03389420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

-

7,091

10. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 24,254 24,363

Deferred
tax
£   
Balance at 1 September 2021 24,363
Credit to Profit and Loss Account during year (109 )
Balance at 31 August 2022 24,254

The provision for deferred tax is in respect of accelerated capital allowances.

11. RELATED PARTY DISCLOSURES

Other debtors include amounts aggregating £210,661 (2021: £190,490) due from a related company under common control.