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REGISTERED NUMBER: 08187807 (England and Wales)



















CHAREDI DAIRIES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






CHAREDI DAIRIES LTD (REGISTERED NUMBER: 08187807)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CHAREDI DAIRIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr E Stern





SECRETARY: Mrs R Stern





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 08187807 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

CHAREDI DAIRIES LTD (REGISTERED NUMBER: 08187807)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 23,409 22,712

CURRENT ASSETS
Stocks 6 1,500 5,500
Debtors 7 453,463 509,579
Cash at bank and in hand 54,373 1,416
509,336 516,495
CREDITORS
Amounts falling due within one year 8 358,784 401,427
NET CURRENT ASSETS 150,552 115,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,961

137,780

CREDITORS
Amounts falling due after more than one
year

9

(37,164

)

(55,710

)

PROVISIONS FOR LIABILITIES 11 (2,930 ) (4,315 )
NET ASSETS 133,867 77,755

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133,767 77,655
SHAREHOLDERS' FUNDS 133,867 77,755

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 director acknowledges his 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.

CHAREDI DAIRIES LTD (REGISTERED NUMBER: 08187807)

BALANCE SHEET - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





Mr E Stern - Director


CHAREDI DAIRIES LTD (REGISTERED NUMBER: 08187807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Charedi Dairies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The director does not consider there are any critical judgements or sources of estimation uncertainty
requiring disclosure beyond the accounting policies listed.

Turnover
Turnover 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks 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 tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

CHAREDI DAIRIES LTD (REGISTERED NUMBER: 08187807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 21,982 14,281 25,630 1,600 63,493
Additions - - 8,500 - 8,500
At 30 November 2023 21,982 14,281 34,130 1,600 71,993
DEPRECIATION
At 1 December 2022 11,518 10,231 17,523 1,509 40,781
Charge for year 2,616 1,012 4,152 23 7,803
At 30 November 2023 14,134 11,243 21,675 1,532 48,584
NET BOOK VALUE
At 30 November 2023 7,848 3,038 12,455 68 23,409
At 30 November 2022 10,464 4,050 8,107 91 22,712

6. STOCKS
2023 2022
£    £   
Stocks 1,500 5,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 345,332 418,312
Other debtors 108,131 91,267
453,463 509,579

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,615 53,874
Trade creditors 183,404 210,311
Taxation and social security 29,889 23,917
Other creditors 132,876 113,325
358,784 401,427

CHAREDI DAIRIES LTD (REGISTERED NUMBER: 08187807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,555 43,172
Hire purchase contracts 6,609 12,538
37,164 55,710

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

8,333

41,668
Hire purchase 4,422 7,710
12,755 49,378

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 43,170 91,088

The bank loan is secured by way of a personal guarantee given by the director.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,930 4,315

Deferred
tax
£   
Balance at 1 December 2022 4,315
Credit to Profit and Loss Account during year (1,385 )
Balance at 30 November 2023 2,930

The provision for deferred tax is in respect of accelerated capital allowances.