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REGISTERED NUMBER: 06741297 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Familia Foods Ltd

Familia Foods Ltd (Registered number: 06741297)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Familia Foods Ltd (Registered number: 06741297)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 22,087 24,551

CURRENT ASSETS
Inventories 4,030 8,011
Debtors 5 42,011 29,063
Cash in hand 2,014 60
48,055 37,134
CREDITORS
Amounts falling due within one year 6 67,637 78,360
NET CURRENT LIABILITIES (19,582 ) (41,226 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,505

(16,675

)

PROVISIONS FOR LIABILITIES 2,058 2,526
NET ASSETS/(LIABILITIES) 447 (19,201 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 446 (19,202 )
SHAREHOLDERS' FUNDS 447 (19,201 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Familia Foods Ltd (Registered number: 06741297)

Statement of Financial Position - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





Mrs M N D Angsioco - Director


Familia Foods Ltd (Registered number: 06741297)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Familia Foods Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06741297

Registered office: Temple Bank Riverway
Harlow
Essex
CM20 2DY

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Familia Foods Ltd (Registered number: 06741297)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 3,683 108,892 5,542
Additions - - -
At 30 November 2023 3,683 108,892 5,542
DEPRECIATION
At 1 December 2022 3,406 88,497 4,489
Charge for year 69 3,059 158
At 30 November 2023 3,475 91,556 4,647
NET BOOK VALUE
At 30 November 2023 208 17,336 895
At 30 November 2022 277 20,395 1,053

Familia Foods Ltd (Registered number: 06741297)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 15,500 4,843 138,460
Additions - 2,038 2,038
At 30 November 2023 15,500 6,881 140,498
DEPRECIATION
At 1 December 2022 13,949 3,568 113,909
Charge for year 388 828 4,502
At 30 November 2023 14,337 4,396 118,411
NET BOOK VALUE
At 30 November 2023 1,163 2,485 22,087
At 30 November 2022 1,551 1,275 24,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 6,156 21,399
Other debtors 35,855 7,664
42,011 29,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,856 3,980
Trade creditors 11,415 11,450
Taxation and social security 7,166 1,730
Other creditors 43,200 61,200
67,637 78,360