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REGISTERED NUMBER: 10140132 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

TORRA FOOD & DRINK LIMITED

TORRA FOOD & DRINK LIMITED (REGISTERED NUMBER: 10140132)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TORRA FOOD & DRINK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: T L Torrance
Mrs P K P Torrance





SECRETARY: Mrs P K P Torrance





REGISTERED OFFICE: The Boarding House
10 Market Place
Halesworth
Suffolk
IP19 8BA





REGISTERED NUMBER: 10140132 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

TORRA FOOD & DRINK LIMITED (REGISTERED NUMBER: 10140132)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 129,416 143,861

CURRENT ASSETS
Stocks 19,500 11,500
Debtors 5 - 2,618
Cash at bank and in hand 51 13,106
19,551 27,224
CREDITORS
Amounts falling due within one year 6 (195,162 ) (217,024 )
NET CURRENT LIABILITIES (175,611 ) (189,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,195

)

(45,939

)

CREDITORS
Amounts falling due after more than one
year

7

(35,600

)

(36,533

)
NET LIABILITIES (81,795 ) (82,472 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 (81,797 ) (82,474 )
SHAREHOLDERS' FUNDS (81,795 ) (82,472 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

TORRA FOOD & DRINK LIMITED (REGISTERED NUMBER: 10140132)

BALANCE SHEET - continued
31 JULY 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 30 November 2023 and were signed on its behalf by:





T L Torrance - Director


TORRA FOOD & DRINK LIMITED (REGISTERED NUMBER: 10140132)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Torra Food & Drink Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 8 (2022 - 9 ) .

TORRA FOOD & DRINK LIMITED (REGISTERED NUMBER: 10140132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 92,139 118,811 210,950
Additions - 868 868
At 31 July 2023 92,139 119,679 211,818
DEPRECIATION
At 1 August 2022 14,891 52,198 67,089
Charge for year 4,607 10,706 15,313
At 31 July 2023 19,498 62,904 82,402
NET BOOK VALUE
At 31 July 2023 72,641 56,775 129,416
At 31 July 2022 77,248 66,613 143,861

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors - 2,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 654 654
Trade creditors 4,834 23,222
Taxation and social security 6,821 6,476
Other creditors 182,853 186,672
195,162 217,024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 35,600 36,533

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
2 Ordinary £1 2 2

TORRA FOOD & DRINK LIMITED (REGISTERED NUMBER: 10140132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. RESERVES
Retained
earnings
£   

At 1 August 2022 (82,474 )
Profit for the year 677
At 31 July 2023 (81,797 )