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Company Registration No. 12787585 (England and Wales)
SUMA FOODS LIMITED Unaudited accounts for the year ended 31 August 2023
SUMA FOODS LIMITED Unaudited accounts Contents
Page
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SUMA FOODS LIMITED Company Information for the year ended 31 August 2023
Director
Wajid HUSSAIN
Company Number
12787585 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS WEST YORKSHIRE LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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SUMA FOODS LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
199,688 
223,946 
Current assets
Inventories
329,977 
173,355 
Debtors
4,737 
17,976 
Cash at bank and in hand
9,530 
11,953 
344,244 
203,284 
Creditors: amounts falling due within one year
(376,915)
(381,690)
Net current liabilities
(32,671)
(178,406)
Net assets
167,017 
45,540 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
167,016 
45,539 
Shareholders' funds
167,017 
45,540 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 3 April 2024 and were signed on its behalf by
Wajid HUSSAIN Director Company Registration No. 12787585
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SUMA FOODS LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
SUMA FOODS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12787585. The registered office is 21 HYDE PARK ROAD, LEEDS, WEST YORKSHIRE, LS6 1PY, ENGLAND.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% reducing balance method.
Fixtures & fittings
10% reducing balance method.
Computer equipment
20% reducing balance method.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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SUMA FOODS LIMITED Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
18,880 
228,122 
4,415 
251,417 
At 31 August 2023
18,880 
228,122 
4,415 
251,417 
Depreciation
At 1 September 2022
3,776 
22,812 
883 
27,471 
Charge for the year
3,021 
20,531 
706 
24,258 
At 31 August 2023
6,797 
43,343 
1,589 
51,729 
Net book value
At 31 August 2023
12,083 
184,779 
2,826 
199,688 
At 31 August 2022
15,104 
205,310 
3,532 
223,946 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,700 
11,280 
Trade debtors
3,036 
6,695 
4,736 
17,975 
Amounts falling due after more than one year
Other debtors
1 
1 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
41,628 
Taxes and social security
9,853 
- 
Other creditors
336,062 
336,062 
Loans from directors
25,000 
- 
Accruals
6,000 
4,000 
376,915 
381,690 
7
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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