SVR FOODS LTD

Company Registration Number:
07154428 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

SVR FOODS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

SVR FOODS LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 438,680 460,647
Total fixed assets: 438,680 460,647
Current assets
Stocks: 16,700 18,100
Debtors: 4 23,860 23,860
Cash at bank and in hand: 33,202 52,076
Total current assets: 73,762 94,036
Creditors: amounts falling due within one year: 5 (30,928) (37,668)
Net current assets (liabilities): 42,834 56,368
Total assets less current liabilities: 481,514 517,015
Creditors: amounts falling due after more than one year: 6 (475,336) (486,984)
Total net assets (liabilities): 6,178 30,031
Capital and reserves
Called up share capital: 50 50
Profit and loss account: 6,128 29,981
Shareholders funds: 6,178 30,031

The notes form part of these financial statements

SVR FOODS LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 August 2023
and signed on behalf of the board by:

Name: Shanmuganathan Sritharan
Status: Director

The notes form part of these financial statements

SVR FOODS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer return , rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases ;Leasehold No Depreciation providedFixtures & Fittings 20% W D Allowance

SVR FOODS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 12 11

SVR FOODS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 995,566
Additions 3,100
At 28 February 2023 998,666
Depreciation
At 01 March 2022 534,919
Charge for year 25,067
At 28 February 2023 559,986
Net book value
At 28 February 2023 438,680
At 28 February 2022 460,647

SVR FOODS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 23,860 23,860

SVR FOODS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

Trade Creditors £4,200Corporation Tax £3,586Other Taxes and Social Security £ 3,480VAT £13,662Accruals and Deferred Income £ 6,000Total £30,928

SVR FOODS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due after more than one year note

Bank Loans £113,048Director's Loan Account £362,288Total £475,336