Company Registration No. 10841640 (England and Wales)
ORGANIC LAND GLOBAL LTD
Unaudited accounts
for the year ended 30 June 2023
ORGANIC LAND GLOBAL LTD
Unaudited accounts
Contents
ORGANIC LAND GLOBAL LTD
Company Information
for the year ended 30 June 2023
Director
Mr.Mohammed ABDUSSALAM
Company Number
10841640 (England and Wales)
Registered Office
111 KINGSWAY ROAD
LEICESTER
LE5 5TU
UNITED KINGDOM
Accountants
Farshan & Co
Accountants & Tax Advisers
Suite 1, 2 Britannia Street
Leicester
LE1 3LE
ORGANIC LAND GLOBAL LTD
Statement of financial position
as at 30 June 2023
Creditors: amounts falling due within one year
(13)
(13)
Net current liabilities
(13)
(13)
Total assets less current liabilities
(13)
(13)
Creditors: amounts falling due after more than one year
(10,427)
(10,427)
Net liabilities
(10,440)
(10,440)
Called up share capital
25
25
Profit and loss account
(10,465)
(10,465)
Shareholders' funds
(10,440)
(10,440)
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 1 March 2024 and were signed on its behalf by
Mr.Mohammed ABDUSSALAM
Director
Company Registration No. 10841640
ORGANIC LAND GLOBAL LTD
Notes to the Accounts
for the year ended 30 June 2023
ORGANIC LAND GLOBAL LTD is a private company, limited by shares, registered in England and Wales, registration number 10841640. The registered office is 111 KINGSWAY ROAD, LEICESTER, LE5 5TU, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13
13
5
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
10,427
10,427
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).