Company Registration No. 09153079 (England and Wales)
Europafoodxb Limited
Unaudited accounts
for the year ended 31 March 2023
Europafoodxb Limited
Unaudited accounts
Contents
Europafoodxb Limited
Company Information
for the year ended 31 March 2023
Directors
Benjamin LECLERC
Kateryna LECLERC
Company Number
09153079 (England and Wales)
Registered Office
35 Craven Road
London
London
W2 3BX
England
Accountants
NOORY AND CO ACCOUNTANTS
22 Conduit Place
London
London
W2 1HS
Europafoodxb Limited
Statement of financial position
as at 31 March 2023
Tangible assets
185,160
151,882
Cash at bank and in hand
153,705
216,716
Creditors: amounts falling due within one year
(19,886)
(25,630)
Net current assets
257,985
243,485
Total assets less current liabilities
443,145
395,367
Creditors: amounts falling due after more than one year
(83,333)
(101,667)
Provisions for liabilities
Other provisions
-
(3,946)
Net assets
359,812
289,754
Called up share capital
2
2
Profit and loss account
359,810
289,752
Shareholders' funds
359,812
289,754
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. 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
Benjamin LECLERC
Director
Company Registration No. 09153079
Europafoodxb Limited
Notes to the Accounts
for the year ended 31 March 2023
Europafoodxb Limited is a private company, limited by shares, registered in England and Wales, registration number 09153079. The registered office is 35 Craven Road, , London, London, W2 3BX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Line
Motor vehicles
15% Reducing Line
Fixtures & fittings
15% Reducing Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Europafoodxb Limited
Notes to the Accounts
for the year ended 31 March 2023
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
40,431
36,860
81,445
33,761
192,497
Additions
41,349
11,272
13,351
249
66,221
At 31 March 2023
81,780
48,132
94,796
34,010
258,718
At 1 April 2022
11,059
7,231
13,621
8,704
40,615
Charge for the year
10,836
6,135
12,176
3,796
32,943
At 31 March 2023
21,895
13,366
25,797
12,500
73,558
At 31 March 2023
59,885
34,766
68,999
21,510
185,160
At 31 March 2022
29,372
29,629
67,824
25,057
151,882
Amounts falling due within one year
Accrued income and prepayments
19,546
19,336
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,000
22,907
Taxes and social security
16,886
2,723
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).