2022-11-012023-11-302023-11-30false06737463MEDITERRANEAN FLAVOUR LTD2024-02-0146900iso4217:GBPxbrli:pure067374632022-11-01067374632023-11-30067374632022-11-012023-11-30067374632021-11-01067374632022-10-31067374632021-11-012022-10-3106737463bus:SmallEntities2022-11-012023-11-3006737463bus:AuditExempt-NoAccountantsReport2022-11-012023-11-3006737463bus:FullAccounts2022-11-012023-11-3006737463bus:PrivateLimitedCompanyLtd2022-11-012023-11-3006737463core:WithinOneYear2023-11-3006737463core:AfterOneYear2023-11-3006737463core:WithinOneYear2022-10-3106737463core:AfterOneYear2022-10-3106737463core:ShareCapital2023-11-3006737463core:SharePremium2023-11-3006737463core:RevaluationReserve2023-11-3006737463core:OtherReservesSubtotal2023-11-3006737463core:RetainedEarningsAccumulatedLosses2023-11-3006737463core:ShareCapital2022-10-3106737463core:SharePremium2022-10-3106737463core:RevaluationReserve2022-10-3106737463core:OtherReservesSubtotal2022-10-3106737463core:RetainedEarningsAccumulatedLosses2022-10-3106737463core:LandBuildings2023-11-3006737463core:PlantMachinery2023-11-3006737463core:Vehicles2023-11-3006737463core:FurnitureFittings2023-11-3006737463core:OfficeEquipment2023-11-3006737463core:NetGoodwill2023-11-3006737463core:IntangibleAssetsOtherThanGoodwill2023-11-3006737463core:ListedExchangeTraded2023-11-3006737463core:UnlistedNon-exchangeTraded2023-11-3006737463core:LandBuildings2022-10-3106737463core:PlantMachinery2022-10-3106737463core:Vehicles2022-10-3106737463core:FurnitureFittings2022-10-3106737463core:OfficeEquipment2022-10-3106737463core:NetGoodwill2022-10-3106737463core:IntangibleAssetsOtherThanGoodwill2022-10-3106737463core:ListedExchangeTraded2022-10-3106737463core:UnlistedNon-exchangeTraded2022-10-3106737463core:LandBuildings2022-11-012023-11-3006737463core:PlantMachinery2022-11-012023-11-3006737463core:Vehicles2022-11-012023-11-3006737463core:FurnitureFittings2022-11-012023-11-3006737463core:OfficeEquipment2022-11-012023-11-3006737463core:NetGoodwill2022-11-012023-11-3006737463core:IntangibleAssetsOtherThanGoodwill2022-11-012023-11-3006737463core:ListedExchangeTraded2022-11-012023-11-3006737463core:UnlistedNon-exchangeTraded2022-11-012023-11-3006737463core:MoreThanFiveYears2022-11-012023-11-3006737463core:Non-currentFinancialInstruments2023-11-3006737463core:Non-currentFinancialInstruments2022-10-3106737463dpl:CostSales2022-11-012023-11-3006737463dpl:DistributionCosts2022-11-012023-11-3006737463core:LandBuildings2022-11-012023-11-3006737463core:PlantMachinery2022-11-012023-11-3006737463core:Vehicles2022-11-012023-11-3006737463core:FurnitureFittings2022-11-012023-11-3006737463core:OfficeEquipment2022-11-012023-11-3006737463dpl:AdministrativeExpenses2022-11-012023-11-3006737463core:NetGoodwill2022-11-012023-11-3006737463core:IntangibleAssetsOtherThanGoodwill2022-11-012023-11-3006737463dpl:GroupUndertakings2022-11-012023-11-3006737463dpl:ParticipatingInterests2022-11-012023-11-3006737463dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-11-3006737463core:ListedExchangeTraded2022-11-012023-11-3006737463dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-11-3006737463core:UnlistedNon-exchangeTraded2022-11-012023-11-3006737463dpl:CostSales2021-11-012022-10-3106737463dpl:DistributionCosts2021-11-012022-10-3106737463core:LandBuildings2021-11-012022-10-3106737463core:PlantMachinery2021-11-012022-10-3106737463core:Vehicles2021-11-012022-10-3106737463core:FurnitureFittings2021-11-012022-10-3106737463core:OfficeEquipment2021-11-012022-10-3106737463dpl:AdministrativeExpenses2021-11-012022-10-3106737463core:NetGoodwill2021-11-012022-10-3106737463core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3106737463dpl:GroupUndertakings2021-11-012022-10-3106737463dpl:ParticipatingInterests2021-11-012022-10-3106737463dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3106737463core:ListedExchangeTraded2021-11-012022-10-3106737463dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3106737463core:UnlistedNon-exchangeTraded2021-11-012022-10-3106737463core:NetGoodwill2023-11-3006737463core:IntangibleAssetsOtherThanGoodwill2023-11-3006737463core:LandBuildings2023-11-3006737463core:PlantMachinery2023-11-3006737463core:Vehicles2023-11-3006737463core:FurnitureFittings2023-11-3006737463core:OfficeEquipment2023-11-3006737463core:AfterOneYear2023-11-3006737463core:WithinOneYear2023-11-3006737463core:ListedExchangeTraded2023-11-3006737463core:UnlistedNon-exchangeTraded2023-11-3006737463core:ShareCapital2023-11-3006737463core:SharePremium2023-11-3006737463core:RevaluationReserve2023-11-3006737463core:OtherReservesSubtotal2023-11-3006737463core:RetainedEarningsAccumulatedLosses2023-11-3006737463core:NetGoodwill2022-10-3106737463core:IntangibleAssetsOtherThanGoodwill2022-10-3106737463core:LandBuildings2022-10-3106737463core:PlantMachinery2022-10-3106737463core:Vehicles2022-10-3106737463core:FurnitureFittings2022-10-3106737463core:OfficeEquipment2022-10-3106737463core:AfterOneYear2022-10-3106737463core:WithinOneYear2022-10-3106737463core:ListedExc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MEDITERRANEAN FLAVOUR LTD

Registered Number
06737463
(England and Wales)

Unaudited Financial Statements for the Period ended
30 November 2023

MEDITERRANEAN FLAVOUR LTD
Company Information
for the period from 1 November 2022 to 30 November 2023

Director

LOIZOU, Stelios

Registered Address

293 Green Lanes
London
N13 4XS

Registered Number

06737463 (England and Wales)
MEDITERRANEAN FLAVOUR LTD
Balance Sheet as at
30 November 2023

Notes

30 Nov 2023

31 Oct 2022

£

£

£

£

Fixed assets
Tangible assets539,7297,161
39,7297,161
Current assets
Debtors655,78639,865
Cash at bank and on hand6,68012,340
62,46652,205
Creditors amounts falling due within one year7(94,574)(79,299)
Net current assets (liabilities)(32,108)(27,094)
Total assets less current liabilities7,621(19,933)
Creditors amounts falling due after one year8(84,055)(41,790)
Net assets(76,434)(61,723)
Capital and reserves
Called up share capital33
Profit and loss account(76,437)(61,726)
Shareholders' funds(76,434)(61,723)
The financial statements were approved and authorised for issue by the Director on 1 February 2024, and are signed on its behalf by:
LOIZOU, Stelios
Director
Registered Company No. 06737463
MEDITERRANEAN FLAVOUR LTD
Notes to the Financial Statements
for the period ended 30 November 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Vehicles20
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 November 2215,5601,84817,408
Additions42,500-42,500
At 30 November 2358,0601,84859,908
Depreciation and impairment
At 01 November 229,1921,05510,247
Charge for year9,7741589,932
At 30 November 2318,9661,21320,179
Net book value
At 30 November 2339,09463539,729
At 31 October 226,3687937,161
6.Debtors

2023

2022

££
Trade debtors / trade receivables30,85727,677
Other debtors24,92912,188
Total55,78639,865
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables45,05647,485
Taxation and social security405-
Other creditors49,11331,814
Total94,57479,299
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.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts84,05541,790
Total84,05541,790