9 false false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 33,160 7,742 40,902 4,975 4,486 9,461 31,441 28,185 xbrli:pure xbrli:shares iso4217:GBP 12860161 2022-03-01 2023-02-28 12860161 2023-02-28 12860161 2022-02-28 12860161 2020-09-07 2022-02-28 12860161 2022-02-28 12860161 2020-09-06 12860161 core:FurnitureFittings 2022-03-01 2023-02-28 12860161 bus:Director1 2022-03-01 2023-02-28 12860161 core:FurnitureFittings 2022-02-28 12860161 core:FurnitureFittings 2023-02-28 12860161 core:WithinOneYear 2023-02-28 12860161 core:WithinOneYear 2022-02-28 12860161 core:ShareCapital 2023-02-28 12860161 core:ShareCapital 2022-02-28 12860161 core:RetainedEarningsAccumulatedLosses 2023-02-28 12860161 core:RetainedEarningsAccumulatedLosses 2022-02-28 12860161 core:FurnitureFittings 2022-02-28 12860161 bus:SmallEntities 2022-03-01 2023-02-28 12860161 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12860161 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 12860161 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12860161 bus:FullAccounts 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 12860161
THE LEEDS DELI LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 February 2023
THE LEEDS DELI LIMITED
STATEMENT OF FINANCIAL POSITION
28 February 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
31,441
28,185
CURRENT ASSETS
Stocks
4,780
4,565
Debtors
6
5,197
4,483
Cash at bank and in hand
1,406
1,763
---------
---------
11,383
10,811
CREDITORS: amounts falling due within one year
7
60,831
62,120
---------
---------
NET CURRENT LIABILITIES
49,448
51,309
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 18,007)
( 23,124)
---------
---------
NET LIABILITIES
( 18,007)
( 23,124)
---------
---------
THE LEEDS DELI LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2023
2023
2022
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 18,008)
( 23,125)
---------
---------
SHAREHOLDERS DEFICIT
( 18,007)
( 23,124)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 November 2023 , and are signed on behalf of the board by:
Mr N Colley
Director
Company registration number: 12860161
THE LEEDS DELI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The continuation of the company's activities is dependent on the continuing financial support of the directors and other creditors. The directors have confirmed that in their opinion, this financial support will continue and therefore the financial statements have been prepared on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings & Equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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 stock to its present location and condition.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 9 (2022: 7 ).
5. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 1 March 2022
33,160
Additions
7,742
---------
At 28 February 2023
40,902
---------
Depreciation
At 1 March 2022
4,975
Charge for the year
4,486
---------
At 28 February 2023
9,461
---------
Carrying amount
At 28 February 2023
31,441
---------
At 28 February 2022
28,185
---------
6. DEBTORS
2023
2022
£
£
Trade debtors
2,072
1,170
Other debtors
3,125
3,313
--------
--------
5,197
4,483
--------
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
26,869
10,481
Social security and other taxes
8,665
4,480
Pension creditor
274
Other creditors
25,297
46,885
---------
---------
60,831
62,120
---------
---------
8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.