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Company Registration No. 09153079 (England and Wales)
Europafoodxb Limited Unaudited accounts for the year ended 31 March 2023
Europafoodxb Limited Unaudited accounts Contents
Page
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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
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Europafoodxb Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
185,160 
151,882 
Current assets
Inventories
59,074 
26,364 
Debtors
65,092 
26,035 
Cash at bank and in hand
153,705 
216,716 
277,871 
269,115 
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 
Capital and reserves
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
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Europafoodxb Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Pension costs
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.
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Europafoodxb Limited Notes to the Accounts for the year ended 31 March 2023
Foreign exchange
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,345 
6,699 
Trade debtors
38,201 
- 
Accrued income and prepayments
19,546 
19,336 
65,092 
26,035 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,000 
22,907 
Taxes and social security
16,886 
2,723 
19,886 
25,630 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
83,333 
101,667 
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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