1 April 2022 v2023.26.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP046378852022-04-012023-03-31046378852023-03-31046378852022-03-3104637885core:WithinOneYear2023-03-3104637885core:WithinOneYear2022-03-3104637885core:ShareCapital2023-03-3104637885core:ShareCapital2022-03-3104637885core:RetainedEarningsAccumulatedLosses2023-03-3104637885core:RetainedEarningsAccumulatedLosses2022-03-3104637885bus:Director12022-04-012023-03-3104637885bus:RegisteredOffice2022-04-012023-03-3104637885core:NetGoodwill2022-04-012023-03-3104637885core:Goodwill2022-04-012023-03-3104637885core:PlantMachinery2022-04-012023-03-3104637885core:FurnitureFittings2022-04-012023-03-3104637885core:OfficeEquipment2022-04-012023-03-3104637885core:MotorVehicles2022-04-012023-03-31046378852021-04-012022-03-3104637885core:NetGoodwill2023-03-3104637885core:NetGoodwill2022-04-0104637885core:NetGoodwill2022-03-3104637885core:LandBuildings2022-04-0104637885core:PlantMachinery2022-04-01046378852022-04-0104637885core:LandBuildings2023-03-3104637885core:PlantMachinery2023-03-3104637885core:LandBuildings2022-03-3104637885core:PlantMachinery2022-03-3104637885core:AdditionsToInvestments2023-03-3104637885core:CostValuation2023-03-310463788512022-04-012023-03-3104637885countries:EnglandWales2022-04-012023-03-3104637885bus:AuditExemptWithAccountantsReport2022-04-012023-03-3104637885bus:PrivateLimitedCompanyLtd2022-04-012023-03-3104637885bus:SmallEntities2022-04-012023-03-3104637885bus:FullAccounts2022-04-012023-03-31
Company registration number:
04637885
Alnoor Foods Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2023
Alnoor Foods Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Alnoor Foods Ltd
Year ended
31 March 2023
As described on the statement of financial position, the Board of Directors of
Alnoor Foods Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 March 2023
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
San & Co
6 Wexham Road
Slough
Berkshire
SL1 1UA
United Kingdom
Date:
26 September 2023
Alnoor Foods Ltd
Statement of Financial Position
31 March 2023
20232022
Note££
Fixed assets    
Intangible assets 5
506
 
550
 
Tangible assets 6
253,105
 
226,436
 
Investments 7
107,000
  -  
360,611
 
226,986
 
Current assets    
Stocks
305,000
 
325,000
 
Debtors 8
280,218
 
251,382
 
Cash at bank and in hand
590,082
 
509,892
 
1,175,300
 
1,086,274
 
Creditors: amounts falling due within one year 9
(746,473
)
(725,469
)
Net current assets
428,827
 
360,805
 
Total assets less current liabilities 789,438   587,791  
Capital and reserves    
Called up share capital
1,000
 
1,000
 
Profit and loss account
788,438
 
586,791
 
Shareholders funds
789,438
 
587,791
 
For the year ending
31 March 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
26 September 2023
, and are signed on behalf of the board by:
M Ishtiaq
Director
Company registration number:
04637885
Alnoor Foods Ltd
Notes to the Financial Statements
Year ended
31 March 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 8 142 Johnson Street
,
Southall
,
Middlesex
,
UB2 5FD
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
26 years

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% reducing balance
Fixtures and fittings
25% reducing balance
Office equipment
15% reducing balance
Motor vehicles
25% reducing balance

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4 Average number of employees

The average number of persons employed by the company during the year was
19
(2022:
14.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 April 2022
and
31 March 2023
1,162
 
Amortisation  
At
1 April 2022
612
 
Charge
44
 
At
31 March 2023
656
 
Carrying amount  
At
31 March 2023
506
 
At 31 March 2022
550
 

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2022
151,517
 
167,957
 
319,474
 
Additions -  
50,562
 
50,562
 
At
31 March 2023
151,517
 
218,519
 
370,036
 
Depreciation      
At
1 April 2022
-  
93,038
 
93,038
 
Charge -  
23,893
 
23,893
 
At
31 March 2023
-  
116,931
 
116,931
 
Carrying amount      
At
31 March 2023
151,517
 
101,588
 
253,105
 
At 31 March 2022
151,517
 
74,919
 
226,436
 

7 Investments

Other investments other than loans
£
Cost  
At
1 April 2022
-  
Additions
107,000
 
At
31 March 2023
107,000
 
Impairment  
At
1 April 2022
and
31 March 2023
-  
Carrying amount  
At
31 March 2023
107,000
 
At 31 March 2022 -  

8 Debtors

20232022
££
Trade debtors
257,511
 
233,280
 
Other debtors
22,707
 
18,102
 
280,218
 
251,382
 

9 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
32,397
 
42,397
 
Trade creditors
483,274
 
480,274
 
Taxation and social security
66,290
 
61,026
 
Other creditors
164,512
 
141,772
 
746,473
 
725,469