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Registration number: 12237020

Beat Food Group Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Beat Food Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Beat Food Group Limited

(Registration number: 12237020)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

537,000

537,000

Current assets

 

Debtors

5

501,891

494,927

Creditors: Amounts falling due within one year

6

(621,224)

(614,260)

Net current liabilities

 

(119,333)

(119,333)

Net assets

 

417,667

417,667

Capital and reserves

 

Called up share capital

2,000

2,000

Share premium reserve

415,667

415,667

Shareholders' funds

 

417,667

417,667

For the financial year ending 31 December 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 8 August 2024 and signed on its behalf by:
 

.........................................
Mr L C Morgan
Director

 

Beat Food Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ohc Building
Waymills Industrial Estate
Whitchurch
Shropshire
SY13 1TT
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Beat Food Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Investments

2023
£

2022
£

Investments in subsidiaries

537,000

537,000

Subsidiaries

£

Cost or valuation

At 1 January 2023

537,000

Provision

Carrying amount

At 31 December 2023

537,000

At 31 December 2022

537,000

5

Debtors

2023
£

2022
£

Owed by related parties

7

409,901

409,901

Other debtors

 

91,990

85,026

 

501,891

494,927

 

Beat Food Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

 

Owed to group undertakings

7

471,224

464,260

Owed to related parties

 

150,000

150,000

 

621,224

614,260

7

Related party transactions

The company has provided a cross guarantee with Nantwich Cheese Company Limited secured by way of an all asset debenture dated 10 June 2022 in respect of a loan and factoring facility in favour of Close Brothers Limited.