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REGISTERED NUMBER: 12714369 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Price Cut Food Ltd

Price Cut Food Ltd (Registered number: 12714369)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Price Cut Food Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: R Thompson





REGISTERED OFFICE: 1 Crowesbridge Mews
Bilston
West Midlands
WV14 9LY





REGISTERED NUMBER: 12714369 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Price Cut Food Ltd (Registered number: 12714369)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,584 8,584

CREDITORS
Amounts falling due within one year 5 23,814 23,814
NET CURRENT LIABILITIES (23,814 ) (23,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,230

)

(15,230

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (15,330 ) (15,330 )
SHAREHOLDERS' FUNDS (15,230 ) (15,230 )

The company is entitled to exemption from audit under Section 480 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 director acknowledges his 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.

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 director and authorised for issue on 31 January 2024 and were signed by:





R Thompson - Director


Price Cut Food Ltd (Registered number: 12714369)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Price Cut Food 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.

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 1,827 12,350 14,177
DEPRECIATION
At 1 August 2022
and 31 July 2023 653 4,940 5,593
NET BOOK VALUE
At 31 July 2023 1,174 7,410 8,584
At 31 July 2022 1,174 7,410 8,584

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Directors' current accounts 23,813 23,339
Accrued expenses 1 475
23,814 23,814

Price Cut Food Ltd (Registered number: 12714369)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 August 2022 (15,330 )
Profit for the year -
At 31 July 2023 (15,330 )

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Thompson.