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REGISTERED NUMBER: 03631099 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE LITTLE FOOD COMPANY LIMITED

THE LITTLE FOOD COMPANY LIMITED (REGISTERED NUMBER: 03631099)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE LITTLE FOOD COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms H E Barlow
T J Mathew
J J Mathew





REGISTERED OFFICE: Glovers Meadow
Maesbury Industrial Estate
Oswestry
Shropshire
SY10 8NH





REGISTERED NUMBER: 03631099 (England and Wales)





AUDITORS: D.R.E. & Co. (Audit) Limited
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG

THE LITTLE FOOD COMPANY LIMITED (REGISTERED NUMBER: 03631099)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 63,331 46,199

CURRENT ASSETS
Stocks 831,687 523,246
Debtors: amounts falling due within one year 6 1,210,351 437,184
Cash at bank 139,295 560,381
2,181,333 1,520,811
CREDITORS
Amounts falling due within one year 7 871,975 447,199
NET CURRENT ASSETS 1,309,358 1,073,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,372,689

1,119,811

PROVISIONS FOR LIABILITIES 15,833 11,549
NET ASSETS 1,356,856 1,108,262

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,356,854 1,108,260
1,356,856 1,108,262

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 4 September 2024 and were signed on its behalf by:





J J Mathew - Director


THE LITTLE FOOD COMPANY LIMITED (REGISTERED NUMBER: 03631099)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The Little Food Company 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

The accounts are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THE LITTLE FOOD COMPANY LIMITED (REGISTERED NUMBER: 03631099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 28 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 294,027
Additions 34,021
Disposals (91,796 )
At 31 December 2023 236,252
DEPRECIATION
At 1 January 2023 247,828
Charge for year 16,889
Eliminated on disposal (91,796 )
At 31 December 2023 172,921
NET BOOK VALUE
At 31 December 2023 63,331
At 31 December 2022 46,199

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 488,912 337,396
Other debtors 97,313 21,125
Amounts owed by related party 574,787 11,235
VAT 20,238 19,817
Prepayments and accrued income 29,101 47,611
1,210,351 437,184

THE LITTLE FOOD COMPANY LIMITED (REGISTERED NUMBER: 03631099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 680,454 351,797
Tax 73,933 55,990
Social security and other taxes 10,036 8,551
Other creditors 18,628 13,428
Amounts owed to related party 61,654 3,967
Accrued expenses 27,270 13,466
871,975 447,199

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 23,379 -
Between one and five years 84,311 -
107,690 -

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aled R Davies (FCCA) (Senior Statutory Auditor)
for and on behalf of D.R.E. & Co. (Audit) Limited

10. CONTINGENT LIABILITIES

A fixed and floating charge is held over the assets of the company.

11. RELATED PARTY DISCLOSURES

Exemption is taken of all other related party disclosures in respect of group transactions on the grounds that details of the subsidiary are included in publicly available consolidated accounts. These are available from the company's registered office at Waterfold Business Park, Bury, Lancashire, BL9 7BR.

12. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. CONTROLLING PARTY

The company is controlled by Dunsters Farm (Holdings) Ltd by virtue of its beneficial holding.