Divan Meat Products (UK) Limited |
Registered Number:03737230 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Divan Meat Products (UK) Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Divan Meat Products (UK) Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
199,179
38,916
2
199,179
38,916
79,743
56,292
3
Trade and other receivables |
265,508
247,568
4
9,957
Cash and cash equivalents |
72,583
376,443
355,208
Trade and other payables: amounts falling due within one |
year |
(261,803)
(229,459)
5
93,405
146,984
Net current assets
Total assets less current liabilities |
346,163
132,321
Trade and other payables: amounts falling due after more |
than one year |
(32,899)
(163,421)
6
(30,602)
5,908
Provisions for liabilities |
152,140
Net assets
105,330
100
100
152,040
105,230
152,140
105,330
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2023
Divan Meat Products (UK) Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 08 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
Divan Meat Products (UK) Limited
Notes to the Financial Statements
Statutory Information
Divan Meat Products (UK) Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 03737230. |
Unit 4, Lever House
Lever Street
Bolton
Lancashire
BL3 6NY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Inventories
Stocks 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 costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2023
Divan Meat Products (UK) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
912,692
2,735
37,998
112,026
736,400
23,533
166,058
-
-
-
166,058
-
23,533
112,026
37,998
2,735
1,078,750
902,458
Provision for depreciation and impairment |
873,776
2,735
35,771
112,026
723,244
-
Charge for year
5,795
-
513
-
5,282
-
879,571
2,735
36,284
112,026
728,526
-
23,533
173,932
-
1,714
-
199,179
23,533
13,156
-
2,227
-
38,916
2022
2023
56,292
79,743
4. Trade and other receivables |
2022
2023
201,510
136,475
46,058
129,033
265,508
247,568
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For the year ended 31 March 2023
Divan Meat Products (UK) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
10,000
10,000
-
10,416
172,356
199,824
Taxation and social security |
232
20,719
46,871
20,844
229,459
261,803
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
23,205
32,899
140,216
-
163,421
32,899
7. Average number of persons employed |
During the year the average number of employees was 28 (2022 : 29)
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