Company Registration No. 04481223 (England and Wales)
K B NATURAL FOODS LIMITED
Unaudited accounts
for the year ended 31 October 2023
K B NATURAL FOODS LIMITED
Unaudited accounts
Contents
K B NATURAL FOODS LIMITED
Company Information
for the year ended 31 October 2023
Directors
Shabir AHMED
Nusrat AHMED
Usman AHMED
Company Number
04481223 (England and Wales)
Registered Office
7D STANDARD ROAD
PARK ROYAL
LONDON
NW10 6EX
K B NATURAL FOODS LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
51,768
63,970
Inventories
103,246
101,506
Cash at bank and in hand
347,458
135,992
Creditors: amounts falling due within one year
(300,513)
(251,608)
Net current assets
761,881
594,270
Total assets less current liabilities
813,650
658,241
Provisions for liabilities
Other provisions
(9,836)
(12,154)
Net assets
803,814
646,087
Called up share capital
100
100
Profit and loss account
803,714
645,987
Shareholders' funds
803,814
646,087
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by
Shabir AHMED
Director
Company Registration No. 04481223
K B NATURAL FOODS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
K B NATURAL FOODS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04481223. The registered office is 7D STANDARD ROAD, PARK ROYAL, LONDON, NW10 6EX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
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:
Plant & machinery
8% per annum on cost
Motor vehicles
25% per annum on written down value
Fixtures & fittings
15% per annum on cost
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
At 1 November 2022
300,000
At 31 October 2023
300,000
At 1 November 2022
299,999
At 31 October 2023
299,999
K B NATURAL FOODS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
67,954
50,139
118,093
At 31 October 2023
67,954
50,139
118,093
At 1 November 2022
34,616
19,507
54,123
Charge for the year
4,544
7,658
12,202
At 31 October 2023
39,160
27,165
66,325
At 31 October 2023
28,794
22,974
51,768
At 31 October 2022
33,338
30,632
63,970
Amounts falling due within one year
Trade debtors
50,188
43,860
Other debtors
561,502
564,520
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
238,969
208,143
Taxes and social security
50,539
28,056
Other creditors
11,005
15,409
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 6 (2022: 7).