NORTHAMPTONSHIRE FOOD SERVICES LTD

Company Registration Number:
10487771 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

NORTHAMPTONSHIRE FOOD SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

NORTHAMPTONSHIRE FOOD SERVICES LTD

Company Information

for the Period Ended 31 March 2023




Registered office: 70
High Street
Weedon
Northampton
England
NN7 4QD
Company Registration Number: 10487771 (England and Wales)

NORTHAMPTONSHIRE FOOD SERVICES LTD

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 6,000 2,900
Tangible assets: 5 183,943 80,763
Total fixed assets: 189,943 83,663
Current assets
Stocks: 240,053 82,831
Debtors: 6 717,487 468,693
Cash at bank and in hand: 157,430 44,406
Total current assets: 1,114,970 595,930
Prepayments and accrued income: 1,598 10,904
Creditors: amounts falling due within one year: 7 ( 770,594 ) ( 441,390 )
Net current assets (liabilities): 345,974 165,444
Total assets less current liabilities: 535,917 249,107
Creditors: amounts falling due after more than one year: 8 ( 353,053 ) ( 221,675 )
Provision for liabilities: ( 47,369 ) ( 23,718 )
Accruals and deferred income: ( 47,172 ) ( 495 )
Total net assets (liabilities): 88,323 3,219

The notes form part of these financial statements

NORTHAMPTONSHIRE FOOD SERVICES LTD

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 88,322 3,218
Shareholders funds: 88,323 3,219

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 14 March 2024
And Signed On Behalf Of The Board By:

Name: Frank Maher
Status: Director

The notes form part of these financial statements

NORTHAMPTONSHIRE FOOD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have been transferred to them. Turnover for the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of the contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

    Leasehold property improvements remaining lifetime of the lease
    Plant and equipment 20% on cost
    Fixtures and fittings 20% on cost
    Motor vehicles 25% reducing balance

    Intangible fixed assets amortisation policy

    Intangible assets are recognised if they have a useful life of at least three years. They are amortised over the three year period and reviewed annually for any value impairment.

    Valuation information and policy

    Inventories
    Inventories including raw materials, work in process and finished goods are valued at the lower of cost or net realisable value.

NORTHAMPTONSHIRE FOOD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 17 10

NORTHAMPTONSHIRE FOOD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    non cancellable operating lease rentals for land and buildings-gbp

    Future minimum lease payments 2023 2022
    within 1 year 19,008 19,008
    in two or five years 38,016 57,024

    During the year gbp 19,008 was recognised as an expense in the income statement in respect of operating leases (2022 : gbp19,008)

NORTHAMPTONSHIRE FOOD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Intangible assets

Goodwill Other Total
Cost £ £ £
At 01 April 2022 - 3,600 3,600
Additions 5,000 - 5,000
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2023 5,000 3,600 8,600
Amortisation
Amortisation at 01 April 2022 0 700 700
Charge for year 700 1,200 1,900
On disposals - - -
Other adjustments - - -
Amortisation at 31 March 2023 700 1,900 2,600
Net book value
Net book value at 31 March 2023 4,300 1,700 6,000
Net book value at 31 March 2022 0 2,900 2,900

NORTHAMPTONSHIRE FOOD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £
At 01 April 2022 56,165 - - 28,400 84,565
Additions 12,808 4,148 - 206,887 223,843
Disposals - - - ( 84,100 ) ( 84,100 )
Revaluations - - - - -
Transfers - - - - -
At 31 March 2023 68,973 4,148 - 151,187 224,308
Depreciation
At 01 April 2022 2,067 - - 1,735 3,802
Charge for year 12,628 755 - 37,622 51,005
On disposals - - - ( 14,442 ) ( 14,442 )
Other adjustments - - - - -
At 31 March 2023 14,695 755 - 24,915 40,365
Net book value
At 31 March 2023 54,278 3,393 - 126,272 183,943
At 31 March 2022 54,098 - - 26,665 80,763

NORTHAMPTONSHIRE FOOD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Debtors


2023
£

2022
£
Trade debtors 646,311 424,777
Other debtors 71,176 43,916
Total 717,487 468,693

NORTHAMPTONSHIRE FOOD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 706,453 302,310
Other creditors 64,141 139,080
Total 770,594 441,390

NORTHAMPTONSHIRE FOOD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 31,667 41,667
Other creditors 321,386 180,008
Total 353,053 221,675