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REGISTERED NUMBER: 04667077 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Lehmann Food Ingredients Limited

Lehmann Food Ingredients Limited (Registered number: 04667077)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lehmann Food Ingredients Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M W Lehmann
Mrs J Booth
C Helgeson-Lehmann





SECRETARY: Mrs G Lehmann





REGISTERED OFFICE: Richmond House
White Cross
South Road
Lancaster
Lancashire
LA1 4XF





REGISTERED NUMBER: 04667077 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Suite 46
Manor Court
Salesbury Hall Road
Ribchester
Lancashire
PR3 3XR

Lehmann Food Ingredients Limited (Registered number: 04667077)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,331 38,448
Investments 5 - -
45,331 38,448

CURRENT ASSETS
Stocks 1,514,341 917,660
Debtors 6 4,131,960 3,309,192
Cash at bank 589,076 135,154
6,235,377 4,362,006
CREDITORS
Amounts falling due within one year 7 2,944,799 2,393,217
NET CURRENT ASSETS 3,290,578 1,968,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,335,909

2,007,237

CREDITORS
Amounts falling due after more than one
year

8

(133,200

)

(133,200

)

PROVISIONS FOR LIABILITIES 9 (11,333 ) (8,620 )
NET ASSETS 3,191,376 1,865,417

Lehmann Food Ingredients Limited (Registered number: 04667077)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 73,800 73,800
Retained earnings 3,117,576 1,791,617
SHAREHOLDERS' FUNDS 3,191,376 1,865,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





M W Lehmann - Director


Lehmann Food Ingredients Limited (Registered number: 04667077)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Lehmann Food Ingredients Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 each asset over its estimated useful life.
Fixtures and fittings - 15% 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 Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lehmann Food Ingredients Limited (Registered number: 04667077)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Investments
The company has adopted UITF Abstract 32, FRS11, FRS12 and FRS21 in relation to arriving at its stated profit after impairment of fixed assets.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 119,824 21,134 140,958
Additions 14,600 - 14,600
At 31 March 2023 134,424 21,134 155,558
DEPRECIATION
At 1 April 2022 88,248 14,262 102,510
Charge for year 5,999 1,718 7,717
At 31 March 2023 94,247 15,980 110,227
NET BOOK VALUE
At 31 March 2023 40,177 5,154 45,331
At 31 March 2022 31,576 6,872 38,448

Lehmann Food Ingredients Limited (Registered number: 04667077)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 601,000
PROVISIONS
At 1 April 2022
and 31 March 2023 601,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,100,985 3,293,460
Amounts owed by related
company 11,096 9,612
Prepayments and accrued income 19,879 6,120
4,131,960 3,309,192

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,333 108,333
Trade creditors 1,363,450 1,558,595
Tax 666,750 314,904
Social security and other taxes 35,956 17,442
VAT 110,622 66,775
Directors' loan accounts 755,363 323,618
Accrued expenses 4,325 3,550
2,944,799 2,393,217

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Preference shares 133,200 133,200

Lehmann Food Ingredients Limited (Registered number: 04667077)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 133,200 133,200

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 11,333 8,620

Deferred Other
tax provisions
£    £   
Balance at 1 April 2022 8,620 8,636
Provided during year 2,713 (16 )
Accelerated capital allowances
Balance at 31 March 2023 11,333 8,620

10. RELATED PARTY DISCLOSURES

There is a balance owing on the sales ledger at the end of the year of £11,096 (2022: £15,372) from Olmar Foods Limited, a company registered in Dublin, which Mark Lehmann owns 50% of the share capital.

There is no oustanding balance owed to Olmar Foods Limited on the purchase ledger at the end of the year (2022: £5,760).

These balances are presented within the amounts owed by related company line included within Debtors.

11. ULTIMATE CONTROLLING PARTY

The controlling party is M W Lehmann.