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REGISTERED NUMBER: 12966317 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ORGANIC PRODUCTS DISTRIBUTION GROUP LTD

ORGANIC PRODUCTS DISTRIBUTION GROUP LTD (REGISTERED NUMBER: 12966317)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ORGANIC PRODUCTS DISTRIBUTION GROUP LTD

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: B Watson
B Watson





REGISTERED OFFICE: Unit 73
The Burrows
East Goscote
Leicester
LE7 3XD





REGISTERED NUMBER: 12966317 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2
Charnwood Edge Business Park
Syston Road
Leicester
LE7 4UZ

ORGANIC PRODUCTS DISTRIBUTION GROUP LTD (REGISTERED NUMBER: 12966317)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,840 8,105

CURRENT ASSETS
Stocks 283,864 165,000
Debtors 5 62,227 17,872
Cash at bank and in hand 164,149 40,982
510,240 223,854
CREDITORS
Amounts falling due within one year 6 (134,280 ) (67,249 )
NET CURRENT ASSETS 375,960 156,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,800

164,710

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 391,700 164,610
SHAREHOLDERS' FUNDS 391,800 164,710

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 Statement of Income and Retained Earnings has not been delivered.

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





B Watson - Director


ORGANIC PRODUCTS DISTRIBUTION GROUP LTD (REGISTERED NUMBER: 12966317)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Organic Products Distribution Group Ltd is a limited company, registered in England and Wales. Its registered office address is Unit 73, The Burrows, East Goscote, Leicester, England, LE7 3XD and the registered number is 12966317.

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 represents amounts receivable for goods and services net of VAT and trade discounts and is recognised when goods are despatched.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuations of assets less residual values over the useful lives.

The estimated useful lives range as follows:

Leasehold improvementsOver the term of the lease
Plant and machinery2 - 10 years
Office equipment2 - 5 years
Motor vehicles2 - 5 years

Government grants
Government grants received comprise contributions toward the training of the Company's apprentices.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


ORGANIC PRODUCTS DISTRIBUTION GROUP LTD (REGISTERED NUMBER: 12966317)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases.

Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

ORGANIC PRODUCTS DISTRIBUTION GROUP LTD (REGISTERED NUMBER: 12966317)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Short
leasehold Fixtures
land & Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 1,500 3,719 3,363 1,495 10,077
Additions 5,778 - 3,465 2,100 11,343
At 31 March 2023 7,278 3,719 6,828 3,595 21,420
DEPRECIATION
At 1 April 2022 25 463 908 576 1,972
Charge for year 642 744 1,614 608 3,608
At 31 March 2023 667 1,207 2,522 1,184 5,580
NET BOOK VALUE
At 31 March 2023 6,611 2,512 4,306 2,411 15,840
At 31 March 2022 1,475 3,256 2,455 919 8,105

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 36,615 11,017
Other debtors 4,925 1,449
Directors' current accounts 3,063 -
Prepayments 17,624 5,406
62,227 17,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 40,433 5,835
Tax 40,947 36,295
Social security and other taxes 2,199 874
VAT 43,587 13,766
Other creditors 1,585 -
Directors' current accounts 2,070 7,635
Accruals and deferred income 3,459 2,844
134,280 67,249

7. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £152,167.

ORGANIC PRODUCTS DISTRIBUTION GROUP LTD (REGISTERED NUMBER: 12966317)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

2023 2022
£    £   
B Watson
Balance outstanding at start of year (2,564 ) -
Amounts advanced 7,631 4,507
Amounts repaid (2,004 ) (7,071 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,063 (2,564 )

B Watson
Balance outstanding at start of year (5,070 ) -
Amounts advanced 5,000 2,000
Amounts repaid (2,000 ) (7,070 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,070 ) (5,070 )