Company registration number 09164231 (England and Wales)
UNITED TASTES OF AMERICA LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
UNITED TASTES OF AMERICA LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
UNITED TASTES OF AMERICA LTD
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
1,099
(1)
Cash at bank and in hand
204
204
1,303
203
Creditors: amounts falling due within one year
5
(22,410)
(18,803)
Net current liabilities
(21,107)
(18,600)
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
(21,109)
(18,602)
Total equity
(21,107)
(18,600)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 19 October 2023
Mr S Cant
Director
Company registration number 09164231 (England and Wales)
UNITED TASTES OF AMERICA LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information
United Tastes of America Ltd is a private company limited by shares incorporated in England and Wales. The registered office is c/o Streets Whittles, The Old Exchange, 64 West Stockwell Street, Colchester, Essex, CO1 1HE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The previous accounting period was for the 18 months to 31 January 2016 so the comparatives are not entirely comparable.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Going concern
These financial statements have been prepared on the break up basis.
1.3
Financial instruments
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.
Financial assets comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital.
Financial liabilities held at amortised cost comprise all creditors except social security and other taxes, deferred income and provisions.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year.
UNITED TASTES OF AMERICA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
550
Other debtors
549
(1)
1,099
(1)
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
14,120
13,105
Trade creditors
1,990
4,169
Corporation tax
1,291
Other creditors
6,300
238
22,410
18,803
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2