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REGISTERED NUMBER: 06428818 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PRIDE ASIA FOOD LIMITED

PRIDE ASIA FOOD LIMITED (REGISTERED NUMBER: 06428818)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PRIDE ASIA FOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: B RAJARATNAM





SECRETARY: MRS A RAJARATNAM





REGISTERED OFFICE: 77-79 High Street
Barkingside
IG6 2AF





REGISTERED NUMBER: 06428818 (England and Wales)





ACCOUNTANTS: AT
Chartered Certified Accountants
2 Rixsen Road
London
London
E12 6RN

PRIDE ASIA FOOD LIMITED (REGISTERED NUMBER: 06428818)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 253,453 273,921

CURRENT ASSETS
Stocks 850,908 790,592
Debtors 327,638 345,444
Prepayments and accrued income 30,333 13,348
Cash at bank and in hand 252,304 164,124
1,461,183 1,313,508
CREDITORS
Amounts falling due within one year (999,372 ) (732,501 )
NET CURRENT ASSETS 461,811 581,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

715,264

854,928

CREDITORS
Amounts falling due after more than one year (469,203 ) (650,775 )

PROVISIONS FOR LIABILITIES (63,363 ) (52,045 )
NET ASSETS 182,698 152,108

CAPITAL AND RESERVES
Called up share capital 5 2 2
Retained earnings 182,696 152,106
SHAREHOLDERS' FUNDS 182,698 152,108

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.

PRIDE ASIA FOOD LIMITED (REGISTERED NUMBER: 06428818)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 19 July 2024 and were signed by:





B RAJARATNAM - Director


PRIDE ASIA FOOD LIMITED (REGISTERED NUMBER: 06428818)

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

1. STATUTORY INFORMATION

Pride Asia Food 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.

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.

Tangible fixed assets
Plant and machinery etc. - 15% on reducing balance and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 32 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 537,155
Additions 28,528
Disposals (8,180 )
At 30 November 2023 557,503
DEPRECIATION
At 1 December 2022 263,234
Charge for year 47,193
Eliminated on disposal (6,377 )
At 30 November 2023 304,050
NET BOOK VALUE
At 30 November 2023 253,453
At 30 November 2022 273,921

PRIDE ASIA FOOD LIMITED (REGISTERED NUMBER: 06428818)

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

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's loan brought forward of £72,031 was cleared by the declaration of a dividend on 31/05/2023. A new loan advance of £78,869 was outstanding at 30/11/2023. Beneficial loan interest of £1,494 (2022 - £3,575) has been charged and included therein.