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REGISTERED NUMBER: 08463456 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2023

FOR

AMAZING GRAZING FOODS LTD

AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AMAZING GRAZING FOODS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 27 SEPTEMBER 2023







DIRECTORS: Mr G Binns
Mr M R Briggs
Mr G J Bowie





SECRETARY: Mr G Binns





REGISTERED OFFICE: 4 Searles Meadow
Dry Drayton
Cambridge
Cambridgeshire
CB23 8BW





REGISTERED NUMBER: 08463456 (England and Wales)





ACCOUNTANTS: Davey Grover Limited
Chartered Accountants
4 Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP

AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456)

STATEMENT OF FINANCIAL POSITION
27 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 26,798 43,936
26,799 43,937

CURRENT ASSETS
Stocks 8,000 60,153
Debtors 6 18,936 24,511
Cash at bank 46,161 65,257
73,097 149,921
CREDITORS
Amounts falling due within one year 7 69,788 125,450
NET CURRENT ASSETS 3,309 24,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,108

68,408

PROVISIONS FOR LIABILITIES - 1,787
NET ASSETS 30,108 66,621

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Share premium 30,000 30,000
Retained earnings (39,892 ) (3,379 )
SHAREHOLDERS' FUNDS 30,108 66,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456)

STATEMENT OF FINANCIAL POSITION - continued
27 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:




Mr G Binns - Director



Mr G J Bowie - Director


AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2023

1. STATUTORY INFORMATION

Amazing Grazing Foods Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 September 2022
and 27 September 2023 30,000
AMORTISATION
At 28 September 2022
and 27 September 2023 29,999
NET BOOK VALUE
At 27 September 2023 1
At 27 September 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 September 2022 119,568
Disposals (48,828 )
At 27 September 2023 70,740
DEPRECIATION
At 28 September 2022 75,632
Charge for year 8,989
Eliminated on disposal (40,679 )
At 27 September 2023 43,942
NET BOOK VALUE
At 27 September 2023 26,798
At 27 September 2022 43,936

AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 SEPTEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,114 20,699
Other debtors 3,822 3,812
18,936 24,511

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,880 49,299
Taxation and social security 6,288 12,393
Other creditors 59,620 63,758
69,788 125,450

8. OTHER FINANCIAL COMMITMENTS

At the year end the company had given notice in respect of its lease commitment and this was due to cease on 31 December 2023. The commitment, being a 12 month rolling lease, was £1,520 per month.

9. RELATED PARTY DISCLOSURES

K2B Limited

A company which holds 13% of Amazing Grazing Foods Limited shareholding. Mr G Binns is also a director and shareholder of K2B Limited. Mr G Binns also holds 24% of Amazing Grazing Foods Limited.

During the year the company sold goods and services to K2B Limited totalling £91,388 (2022 - £77,398). As at the year end the amount owing from K2B Limited is nil (2022 - nil).

During the year the company purchased goods from K2B Limited totalling £3,233 (2022 - £5,956). At the year end nil (2022 - £40,000) was still outstanding and this is shown with trade creditors.

As at the year end a loan of £30,000 (2022 - £30,000) was still outstanding to K2B Ltd and this is shown within other creditors.

These transactions were carried out at an arms length basis and are repayable on demand.

Directors

At the year end there was a loan of £26,500 (2022 - £30,000) outstanding to Mr G Bowie and this is shown within other creditors. No interest has been charged on the loan and the amount is repayable on demand.