Registered number
NI612379
Cityview Foods Ltd
Filleted Accounts
30 April 2023
Cityview Foods Ltd
Registered number: NI612379
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 530,540 527,164
Current assets
Debtors 4 60,000 212,704
Cash at bank and in hand 562 13,396
60,562 226,100
Creditors: amounts falling due within one year 5 (613,716) (561,806)
Net current liabilities (553,154) (335,706)
Net (liabilities)/assets (22,614) 191,458
Capital and reserves
Called up share capital 2 2
Profit and loss account (22,616) 191,456
Shareholders' funds (22,614) 191,458
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Matthews
Director
Approved by the board on 19 February 2024
Cityview Foods Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% RB
Fixtures, fittings, tools and equipment 20% RB
Motor Vehicles 25% RB
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 383,760 115,281 98,387 597,428
Additions - 68,465 1,000 69,465
Disposals - (22,695) (24,820) (47,515)
At 30 April 2023 383,760 161,051 74,567 619,378
Depreciation
At 1 May 2022 - 45,604 24,660 70,264
Charge for the year - 9,926 12,537 22,463
On disposals - (2,648) (1,241) (3,889)
At 30 April 2023 - 52,882 35,956 88,838
Net book value
At 30 April 2023 383,760 108,169 38,611 530,540
At 30 April 2022 383,760 69,677 73,727 527,163
4 Debtors 2023 2022
£ £
Trade debtors 60,000 150,000
Other debtors - 62,704
60,000 212,704
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 19,709 2,909
Intercompany ac - Cityview properties 323,390 307,390
Taxation and social security costs 12,567 14,384
Other creditors 258,050 237,123
613,716 561,806
6 Other information
Cityview Foods Ltd is a private company limited by shares and incorporated in N. Ireland. Its registered office is:
7 Carrivekeeney Road
Newry
Co Down
BT35 7LU
Cityview Foods Ltd NI612379 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts April 2022 P Matthews No description of principal activity NI612379 2021-05-01 2022-04-30 NI612379 core:WithinOneYear 2022-04-30 NI612379 core:ShareCapital 2022-04-30 NI612379 core:RetainedEarningsAccumulatedLosses 2022-04-30 NI612379 2022-05-01 2023-04-30 NI612379 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 NI612379 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 NI612379 bus:Director40 2022-05-01 2023-04-30 NI612379 1 2022-05-01 2023-04-30 NI612379 2 2022-05-01 2023-04-30 NI612379 core:LandBuildings 2022-05-01 2023-04-30 NI612379 core:PlantMachinery 2022-05-01 2023-04-30 NI612379 core:Vehicles 2022-05-01 2023-04-30 NI612379 countries:England 2022-05-01 2023-04-30 NI612379 bus:FRS102 2022-05-01 2023-04-30 NI612379 bus:FullAccounts 2022-05-01 2023-04-30 NI612379 2023-04-30 NI612379 core:WithinOneYear 2023-04-30 NI612379 core:ShareCapital 2023-04-30 NI612379 core:RetainedEarningsAccumulatedLosses 2023-04-30 NI612379 core:LandBuildings 2023-04-30 NI612379 core:PlantMachinery 2023-04-30 NI612379 core:Vehicles 2023-04-30 NI612379 2022-04-30 NI612379 core:LandBuildings 2022-04-30 NI612379 core:PlantMachinery 2022-04-30 NI612379 core:Vehicles 2022-04-30 iso4217:GBP xbrli:pure