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Company Registration No. 07984800 (England and Wales)
Naylor Fine Foods Limited Unaudited accounts for the year ended 31 March 2023
Naylor Fine Foods Limited Unaudited accounts Contents
Page
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Naylor Fine Foods Limited Company Information for the year ended 31 March 2023
Directors
Mrs J Naylor Mr M Naylor
Company Number
07984800 (England and Wales)
Registered Office
Orchard House, Barton Road Welford On Avon Stratford-Upon-Avon Warwickshire CV37 8EY
Accountants
JS Accountancy Services Measham Business Centre 56 High Street/Queens Street Measham Derbyshire DE12 7HZ
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Naylor Fine Foods Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,659 
6,213 
Current assets
Debtors
2 
100 
Cash at bank and in hand
24,858 
38,878 
24,860 
38,978 
Creditors: amounts falling due within one year
(22,364)
(28,969)
Net current assets
2,496 
10,009 
Net assets
7,155 
16,222 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
7,154 
16,221 
Shareholders' funds
7,155 
16,222 
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 11 December 2023 and were signed on its behalf by
Mrs J Naylor Director Company Registration No. 07984800
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Naylor Fine Foods Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Naylor Fine Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 07984800. The registered office is Orchard House, Barton Road, Welford On Avon, Stratford-Upon-Avon, Warwickshire, CV37 8EY.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
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.
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
25% reducing balance
Motor vehicles
25% reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Naylor Fine Foods Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
21,014 
15,297 
36,311 
At 31 March 2023
21,014 
15,297 
36,311 
Depreciation
At 1 April 2022
19,572 
10,526 
30,098 
Charge for the year
361 
1,193 
1,554 
At 31 March 2023
19,933 
11,719 
31,652 
Net book value
At 31 March 2023
1,081 
3,578 
4,659 
At 31 March 2022
1,442 
4,771 
6,213 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
94 
Other debtors
2 
6 
2 
100 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,751 
14,040 
Trade creditors
167 
246 
Taxes and social security
4,686 
13,633 
Proposed dividends
5,000 
- 
Accruals
10,760 
1,050 
22,364 
28,969 
7
Average number of employees
During the year the average number of employees was 5 (2022: 6).
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