NEDBUY FOODS LIMITED

Company Registration Number:
09668750 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

NEDBUY FOODS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

NEDBUY FOODS LIMITED

Company Information

for the Period Ended 31 July 2023




Director: Aneliya Kostenska
Registered office: Unit 1b Baltimore Trading Estate
Baltimore Road
Birmingham
England
B42 1DD
Company Registration Number: 09668750 (England and Wales)

NEDBUY FOODS LIMITED

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 13,985 16,245
Total fixed assets: 13,985 16,245
Current assets
Stocks: 47,939 30,795
Debtors: 5 1,191 1,274
Cash at bank and in hand: 4,015 5,967
Total current assets: 53,145 38,036
Creditors: amounts falling due within one year: 6 ( 44,447 ) ( 21,126 )
Net current assets (liabilities): 8,698 16,910
Total assets less current liabilities: 22,683 33,155
Creditors: amounts falling due after more than one year: 7 ( 24,269 ) ( 35,957 )
Provision for liabilities: ( 2,255 ) ( 2,597 )
Total net assets (liabilities): ( 3,841 ) ( 5,399 )

The notes form part of these financial statements

NEDBUY FOODS LIMITED

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 3,941 ) ( 5,499 )
Shareholders funds: ( 3,841 ) ( 5,399 )

For the year ending 31 July 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 4 February 2024
And Signed On Behalf Of The Board By:

Name: Aneliya Kostenska
Status: Director

The notes form part of these financial statements

NEDBUY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    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

    Other accounting policies

    Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

NEDBUY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 4 4

NEDBUY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

NEDBUY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible assets

Plant & machinery Motor vehicles Total
Cost £ £ £
At 01 August 2022 26,539 5,584 32,123
Additions 2,402 - 2,402
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 July 2023 28,941 5,584 34,525
Depreciation
At 01 August 2022 12,650 3,228 15,878
Charge for year 4,073 589 4,662
On disposals - - -
Other adjustments - - -
At 31 July 2023 16,723 3,817 20,540
Net book value
At 31 July 2023 12,218 1,767 13,985
At 31 July 2022 13,889 2,356 16,245

NEDBUY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Debtors


2023
£

2022
£
Other debtors 1,191 1,274
Total 1,191 1,274

NEDBUY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 1,849 2,548
Trade creditors 25,973 7,155
Taxation and social security 2,142 4,273
Accruals and deferred income 250 1,750
Other creditors 14,233 5,400
Total 44,447 21,126

NEDBUY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 24,269 35,957
Total 24,269 35,957