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ANANTHAM FOODS LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
Logan Accountants Ltd
Milton Keynes Business Centre
Foxhunter Drive, Linford Wood
Milton Keynes
Buckinghamshire
MK14 6GD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11001581
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 91,835 98,394
Tangible Assets 5 53,766 62,428
145,601 160,822
CURRENT ASSETS
Stocks 6 5,964 4,578
Cash at bank and in hand 43,099 62,333
49,063 66,911
Creditors: Amounts Falling Due Within One Year 7 (6,963 ) (42,576 )
NET CURRENT ASSETS (LIABILITIES) 42,100 24,335
TOTAL ASSETS LESS CURRENT LIABILITIES 187,701 185,157
Creditors: Amounts Falling Due After More Than One Year 8 (101,792 ) (88,489 )
NET ASSETS 85,909 96,668
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 85,908 96,667
SHAREHOLDERS' FUNDS 85,909 96,668
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr JOGARATNARAJAH NITHARSHAN
Director
25/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ANANTHAM FOODS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11001581 . The registered office is 11 Temple Crescent, Oxley Park, Milton Keynes, MK4 4JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 10% Straighline Method
Fixtures & Fittings 15% Reducing balance method
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 12)
9 12
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 131,189
As at 31 October 2023 131,189
Amortisation
As at 1 November 2022 32,795
Provided during the period 6,559
As at 31 October 2023 39,354
...CONTINUED
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Page 4
Net Book Value
As at 31 October 2023 91,835
As at 1 November 2022 98,394
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 14,023 52,966 66,989
As at 31 October 2023 14,023 52,966 66,989
Depreciation
As at 1 November 2022 - 4,561 4,561
Provided during the period 1,402 7,260 8,662
As at 31 October 2023 1,402 11,821 13,223
Net Book Value
As at 31 October 2023 12,621 41,145 53,766
As at 1 November 2022 14,023 48,405 62,428
6. Stocks
2023 2022
£ £
Finished goods 5,964 4,578
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,575 1,542
Other creditors 3,388 6,034
Director's loan account - 35,000
6,963 42,576
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 54,792 73,489
Other creditors 47,000 15,000
101,792 88,489
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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Page 5
10. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 17,000 -
Page 5