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Registration number: 04214363

Food Sellers Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Food Sellers Limited

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

iXBRL Detailed Profit and Loss Account

6 to 7

 

Food Sellers Limited

Company Information

Directors

Mr Richard Charles Clark

Mr Andrew Dennis Kearns

Mrs Amanda Ruth Limbrick

Company secretary

Mrs Daphne Kearns

Registered office

26b Tesla Court,
Innovation Way
Peterborough
PE2 6FL

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Food Sellers Limited
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Food Sellers Limited for the year ended 31 August 2023 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Food Sellers Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Food Sellers Limited and state those matters that we have agreed to state to the Board of Directors of Food Sellers Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Food Sellers Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Food Sellers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Food Sellers Limited. You consider that Food Sellers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Food Sellers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gross Klein Wood
Chartered Certified Accountants
26b Tesla Court,
Innovation Way
Peterborough
PE2 6FL

9 April 2024

 

Food Sellers Limited

Profit and Loss Account for the Year Ended 31 August 2023

2023
£

2022
£

Turnover

439,170

1,811,874

Cost of raw materials and consumables

(413,534)

(1,687,292)

Staff costs

(81,859)

(120,220)

Depreciation and other amounts written off assets

-

(150)

Other charges

(38,138)

(106,647)

Loss before tax

(94,361)

(102,435)

Tax on loss

202

6,618

Loss for the year

(94,159)

(95,817)

 

Food Sellers Limited

(Registration number: 04214363)
Balance Sheet as at 31 August 2023

2023
£

2022
£

Fixed Assets

-

850

Current assets

23,429

395,778

Creditors: Amounts falling due within one year

(37)

(141,360)

Net current assets

23,392

254,418

Total assets less current liabilities

23,392

255,268

Provisions for liabilities

-

(201)

Accruals and deferred income

-

(127,516)

 

23,392

127,551

Capital and Reserves

23,392

127,551

1

General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
26b Tesla Court,
Innovation Way
Peterborough
PE2 6FL
England

These financial statements were authorised for issue by the Board on 9 April 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Food Sellers Limited

(Registration number: 04214363)
Balance Sheet as at 31 August 2023

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 9 April 2024 and signed on its behalf by:
 

.........................................
Mrs Amanda Ruth Limbrick
Director

   
     
 

Food Sellers Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 August 2023

2023
£

2022
£

Turnover/revenue

439,170

1,811,874

Cost of sales

Opening finished goods

-

(1,437)

Purchase of raw materials and consumables

(413,534)

(1,685,855)

Closing stock/inventories

-

-

Gross profit

25,636

124,582

Distribution costs

Administrative expenses

Audit and accountancy other services

(129)

(3,625)

Advertising, promotions and marketing costs

(11,629)

(57,293)

Rent, rates and services costs

(11,032)

(10,345)

Utilities costs

(455)

(1,226)

Other repairs and maintenance costs

(1,640)

(234)

Depreciation of Fixed Assets

-

(150)

Vehicle costs

(236)

(465)

Other staff costs

(61)

(339)

Wages and salaries excluding directors

(11,092)

(14,099)

Other staff costs excluding directors

(8,672)

(59,253)

Staff costs excluding directors

(19,764)

(73,352)

Salaries and fees, directors

(62,095)

(46,868)

Travel and subsistence

-

(879)

Legal and professional costs

(4,332)

(9,303)

Bad debts and impairment losses

-

(12,022)

Bank charges

(214)

(512)

Insurance costs

(1,576)

(2,367)

IT and computing

(81)

(199)

Telecommunications

(2,325)

(1,831)

Printing, postage and stationery

(3,227)

(2,823)

Subscriptions

(83)

(1,240)

Other costs

(335)

(1,888)

Other operating income

Other items

Loss from disposal of Fixed Assets

(851)

-

Loss on ordinary activities before finance charges and interest

(94,429)

(102,379)

Foreign exchange gain/(loss) included in finance income

68

(56)

Loss on ordinary activities before taxation

(94,361)

(102,435)

 

Food Sellers Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 August 2023

2023
£

2022
£

Tax on profit or loss on ordinary activities

202

6,618

Loss for the financial year

(94,159)

(95,817)