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Rodina Foods Ltd
 
 
Company Registration Number
NI668664
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/04/2022
 
End date 31/03/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Rodina Foods Ltd
 
Contents of the Financial Statements
for the Period Ended 31 March 2023
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 12
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Rodina Foods Ltd
 
Company Information
for the Period Ended 31 March 2023
 
Directors Aleksandar Hramov
Nataliya Hramova
 
 
Registered office Unit 4
Scaffog Business Park
134 Sligo Road
Enniskillen, Co Fermanagh, BT74 7JY
 
Company Registration Number NI668664
 
Accountants Name Accounting Solutions
Address 3 Oakfield Road
Enniskillen
Co Fermanagh
BT92 2GJ
 
Bankers Name Bank of Ireland
Address Townhall Street
Enniskillen
Co Fermanagh
BT74 7BD
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Rodina Foods Ltd
Directors Report
for the Period Ended 31 March 2023
The directors present their report with the financial statements of the company for the
period ended 31 March 2023
Principal activities
The principal activity of the company in the period under review was
Directors
The director(s) shown below have held office during the whole of the period
Aleksandar Hramov
Nataliya Hramova
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2023-09-22
and signed on behalf of the board by
Name Aleksandar Hramov
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Rodina Foods Ltd
 
Accountants' Report
for the Period Ended 31 March 2023
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 March 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 March 2023 as set out on pages 3 to 14 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
Accounting Solutions
3 Oakfield Road
Enniskillen
Co Fermanagh
BT92 2GJ
 
Date 2023-09-22
Page 5
Rodina Foods Ltd
 
Profit and Loss Account
for the Period Ended 31 March 2023
2023 2,022
Notes £ £
 
Turnover 2 1,595,189 1,215,162
Cost of sales 1,171,850 867,200
______ ______
Gross Profit/(Loss) 423,339 347,962
 
Administrative expenses 296,122 243,579
______ ______
Operating costs 296,122 243,579
 
______ ______
Operating Profit/(Loss) 3 127,217 104,383
______ ______
Profit/(Loss) on ordinary activities before taxation 127,217 104,383
 
Tax on profit on ordinary activities 4 24,035 20,259
______ _____
Profit/(Loss) for the financial period after taxation 103,182 84,124
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 31 March 2023
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
Page 6
Rodina Foods Ltd
Balance Sheet
for the Period Ended 31 March 2023
Company registration number NI668664
2023 2,022
Notes £ £
Fixed assets
Intangible fixed assets 5 8,000 10,000
Tangible fixed assets 6 21,246 20,742
_______ _______
Total fixed assets 29,246 30,742
Current assets
Stocks 7 201,011 173,277
Debtors 8 38,758 71,551
_______ _______
Total current assets/(liabilities) 239,769 244,828
Creditors
Creditors - amounts falling
due within one year 9 43,527 52,685
_______ _______
Net current assets 196,242 192,143
_______ _______
Total assets less current liabilities 225,488 222,885
_______ _______
Creditors - amounts falling
due after more than one year 10 30,285 70,864
_______ _______
Long term creditors 30,285 70,864
______ ______
Net assets/(liabilities) 195,203 152,021
Capital and reserves
Profit and loss account 195,203 152,021
______ ______
Total shareholders funds 195,203 152,021
 
 
 
 
 
 
 
 
Page 7
Rodina Foods Ltd
 
Balance Sheet
for the Period Ended 31 March 2023
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 March 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 financial statements were approved by the Board of Directors on 2023-09-22
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Aleksandar Hramov
 
The notes form part of these financial statements
Average number of employees during period 7
 
 
 
 
 
 
 
 
 
Page 8
Rodina Foods Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2023
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Going Concern
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors,which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 15% Reducing Balance
Office equipment 25% Reducing Balance
Motor vehicles 25% Reducing Balance
Plant and machinery 15% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
 
 
 
 
 
 
 
Page 9
Rodina Foods Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2023
2. Turnover 2023 2,022
£ £
United Kingdom 1,595,189 1,210,162
Other 5,000
_______ _______
Total 1,595,189 1,215,162
3. Operating profit/(loss) 2023 2,022
Profit before tax as stated after charging the following £ £
Depreciation - owned assets 4,403 4,513
Profit/(Loss) on disposal of fixed assets 3,750
Accountants and audit fees 9,297 4,595
4. Taxation
The tax charge on the profit on ordinary activities 2023 2,022
for the period was as follows £ £
UK Corporation Tax net of reliefs 24,035 20,259
_____ _____
Tax on profit on ordinary activities 24,035 20,259
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
Rodina Foods Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2023
5. Intangible fixed assets Goodwill Total
Cost £ £
At 1 April 2022 12,000 12,000
_____ _____
At 31 March 2023 12,000 12,000
Amortisation
At 1 April 2022 2,000 2,000
Charge during the period 2,000 2,000
____ ____
At 31 March 2023 4,000 4,000
Net book value
At 31 March 2023 8,000 8,000
At 31 March 2022 10,000 10,000
 
6. Tangible fixed assets
Plant and Fixtures Office Motor Total
machinery and fittings equipment vehicles
Cost £ £ £ £ £
At 1 April 2022 15,722 5,206 2,848 4,800 28,576
Additions 3,705 1,080 121 4,906
_____ ____ ____ ____ _____
At 31 March 2023 19,427 6,286 2,969 4,800 33,482
Depreciation
At 1 April 2022 4,286 1,331 1,017 1,200 7,834
Charge for year 2,271 743 488 900 4,402
____ ____ ____ ____ _____
At 31 March 2023 6,557 2,074 1,505 2,100 12,236
Net book value
At 31 March 2023 12,870 4,212 1,464 2,700 21,246
At 31 March 2022 11,436 3,875 1,831 3,600 20,742
 
 
 
 
 
 
 
 
 
 
 
Page 11
Rodina Foods Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2023
7. Stocks 2023 2,022
Finished goods 201,011 173,277
Total 201,011 173,277
8. Debtors 2023 2,022
Trade debtors 20,638 28,762
Prepayments and accrued income 18,120 42,789
_____ _____
Total 38,758 71,551
9. Creditors amounts falling due within one year 2023 2,022
Trade creditors 7,368 22,437
Corporation tax 24,035 20,259
Other taxation and social security 6,365 1,767
Accruals and deferred income 5,759 8,222
_____ _____
Total 43,527 52,685
10. Creditors amounts falling due after more than one year 2023 2,022
Bank loans 30,285 42,900
Other creditors 27,964
_____ _____
Total 30,285 70,864
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12