Company Registration No. 13734577 (England and Wales)
Iberflavours UK Ltd
Unaudited accounts
for the year ended 30 November 2023
Iberflavours UK Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
5,079
9,667
Cash at bank and in hand
7,769
9,573
Creditors: amounts falling due within one year
(245,655)
(108,577)
Net current assets/(liabilities)
49,522
(75,913)
Total assets less current liabilities
54,601
(66,246)
Creditors: amounts falling due after more than one year
(1,100)
(4,546)
Net assets/(liabilities)
53,501
(70,792)
Called up share capital
20,000
20,000
Profit and loss account
33,501
(90,792)
Shareholders' funds
53,501
(70,792)
For the year ending 30 November 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 22 August 2024 and were signed on its behalf by
Jaime Ferrer
Director
Company Registration No. 13734577
Iberflavours UK Ltd
Notes to the Accounts
for the year ended 30 November 2023
Iberflavours UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 13734577. The registered office is 86 High Street, Carshalton, Surrey, SM5 3AE.
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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.
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.
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:
Motor vehicles
33% per annum reducing balance basis
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
14,500
-
14,500
At 30 November 2023
14,500
367
14,867
At 1 December 2022
4,833
-
4,833
Charge for the year
4,833
122
4,955
At 30 November 2023
9,666
122
9,788
At 30 November 2023
4,834
245
5,079
At 30 November 2022
9,667
-
9,667
Amounts falling due within one year
Accrued income and prepayments
285,599
-
Other debtors
1,809
23,091
Iberflavours UK Ltd
Notes to the Accounts
for the year ended 30 November 2023
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Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,402
3,402
Taxes and social security
12,644
-
Other creditors
148,761
25,463
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
1,100
4,546
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Transactions with related parties
During the year the company supplied services to Iberflavours SL a company under common ownership totalling £285,599 (2022 - £nil). This amount was invoiced subsequent to the year-end and is included in these accounts as Accrued Income.
During the year Iberflavours SL paid expenses totalling £80,041 (2022 - £79,712) on behalf of the company. That amount was billed subsequent to the year-end and is included in these accounts as an Accrual.
During the year the company received loans from, and reimbursed expenses to, Iberflavours SL. The net amount received from Iberflavours SL was £123,297 (2022 - £25,463).
At the year-end, the balance outstanding to Iberflavours SL was £148,761 (2022 - £25,463). This amount is interest free and repayable on demand.
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Average number of employees
During the year the average number of employees was 2 (2022: 2).