Registered number
13777110
KETCHUP&MAYO LTD
Filleted Accounts
31 December 2022
KETCHUP&MAYO LTD
Registered number: 13777110
Balance Sheet
as at 31 December 2022
Notes 2022
£
Fixed assets
Tangible assets 3 10,451
Current assets
Stocks 11,287
Cash at bank and in hand 8
11,295
Creditors: amounts falling due within one year 4 (26,479)
Net current liabilities (15,184)
Net liabilities (4,733)
Capital and reserves
Called up share capital 1
Profit and loss account (4,734)
Shareholder's funds (4,733)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Abdulrehman Akmal
Director
Approved by the board on 1 December 2023
KETCHUP&MAYO LTD
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15 % Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022
Number
Average number of persons employed by the company 7
3 Tangible fixed assets
Plant and machinery
£
Cost
Additions 12,295
At 31 December 2022 12,295
Depreciation
Charge for the year 1,844
At 31 December 2022 1,844
Net book value
At 31 December 2022 10,451
4 Creditors: amounts falling due within one year 2022
£
Director's Loan 25,479
Other creditors 1,000
26,479
5 Other information
KETCHUP&MAYO LTD is a private company limited by shares and incorporated in England. Its registered office is:
66 Seymour Grove
Manchester
England
M16 0LN
KETCHUP&MAYO LTD 13777110 false 2022-01-01 2022-12-31 2022-12-31 VT Final Accounts April 2022 Abdulrehman Akmal No description of principal activity 13777110 2022-01-01 2022-12-31 13777110 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 13777110 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 13777110 bus:Director40 2022-01-01 2022-12-31 13777110 2 2022-01-01 2022-12-31 13777110 countries:England 2022-01-01 2022-12-31 13777110 bus:FRS102 2022-01-01 2022-12-31 13777110 bus:FullAccounts 2022-01-01 2022-12-31 13777110 2022-12-31 13777110 core:WithinOneYear 2022-12-31 13777110 core:ShareCapital 2022-12-31 13777110 core:RetainedEarningsAccumulatedLosses 2022-12-31 13777110 2021-12-31 iso4217:GBP xbrli:pure