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REGISTERED NUMBER: 07861029 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Latina Foods Limited

Latina Foods Limited (Registered number: 07861029)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Latina Foods Limited

Company Information
for the year ended 30 November 2023







DIRECTORS: G M Zottola
Mrs L Howden





REGISTERED OFFICE: 207 Bradford Road
Stanningley
Pudsey
Leeds
West Yorkshire
LS28 6QB





REGISTERED NUMBER: 07861029 (England and Wales)





ACCOUNTANTS: DCH Consultancy (Leeds) Ltd
Chartered Certified Accountants
207 Bradford Road
Stanningley
Pudsey
Leeds
West Yorkshire
LS28 6QB

Latina Foods Limited (Registered number: 07861029)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,000 90,000
Tangible assets 5 65,741 83,070
145,741 173,070

CURRENT ASSETS
Debtors 6 296,938 345,414
Cash at bank 262,503 343,882
559,441 689,296
CREDITORS
Amounts falling due within one year 7 156,921 97,692
NET CURRENT ASSETS 402,520 591,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

548,261

764,674

PROVISIONS FOR LIABILITIES 8 16,435 20,768
NET ASSETS 531,826 743,906

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 531,726 743,806
SHAREHOLDERS' FUNDS 531,826 743,906

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.

Latina Foods Limited (Registered number: 07861029)

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 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:





G M Zottola - Director


Latina Foods Limited (Registered number: 07861029)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Latina Foods Limited 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Latina Foods Limited (Registered number: 07861029)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 200,000
AMORTISATION
At 1 December 2022 110,000
Amortisation for year 10,000
At 30 November 2023 120,000
NET BOOK VALUE
At 30 November 2023 80,000
At 30 November 2022 90,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 57,816 61,800 9,657 129,273
Additions - - 975 975
Disposals - - (1,016 ) (1,016 )
At 30 November 2023 57,816 61,800 9,616 129,232
DEPRECIATION
At 1 December 2022 24,720 15,450 6,033 46,203
Charge for year 4,965 11,588 1,751 18,304
Eliminated on disposal - - (1,016 ) (1,016 )
At 30 November 2023 29,685 27,038 6,768 63,491
NET BOOK VALUE
At 30 November 2023 28,131 34,762 2,848 65,741
At 30 November 2022 33,096 46,350 3,624 83,070

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 116,851 115,333
Other debtors 180,087 230,081
296,938 345,414

Latina Foods Limited (Registered number: 07861029)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 785 47,409
Taxation and social security 102,876 45,607
Other creditors 53,260 4,676
156,921 97,692

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 16,435 20,768

Deferred
tax
£   
Balance at 1 December 2022 20,768
Credit to Income Statement during year (4,333 )
Balance at 30 November 2023 16,435

The provision for deferred taxation is made up of accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is G M Zottola.