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Company Registration No. 11038215 (England and Wales)
East Midlands Foods Ltd Unaudited accounts for the year ended 31 October 2023
East Midlands Foods Ltd Unaudited accounts Contents
Page
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East Midlands Foods Ltd Company Information for the year ended 31 October 2023
Director
Shwan Haji Hassan
Company Number
11038215 (England and Wales)
Registered Office
Units C4 & C5 Crossgate Drive Queens Drive Industrial Estate Nottingham Nottinghamshire NG2 1LW England
Accountants
Bani Accountants Ltd T/A All Accountancy Services Soho City, 263 - 265 Soho Road Handsworth Birmingham West Midlands B21 9RY
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East Midlands Foods Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
- 
(100)
Fixed assets
Intangible assets
251,700 
71,700 
Tangible assets
263,360 
208,360 
Investments
100,000 
100,000 
615,060 
380,060 
Current assets
Inventories
450,000 
480,631 
Debtors
240,000 
11,525 
Cash at bank and in hand
75,053 
4,121 
765,053 
496,277 
Creditors: amounts falling due within one year
(328,000)
(45,500)
Net current assets
437,053 
450,777 
Total assets less current liabilities
1,052,113 
830,737 
Provisions for liabilities
Other provisions
- 
3,966 
Net assets
1,052,113 
834,703 
Capital and reserves
Revaluation reserve
(1,800)
(1,800)
Capital redemption reserve
(1,500)
(1,500)
Profit and loss account
1,055,413 
838,003 
Shareholders' funds
1,052,113 
834,703 
For the year ending 31 October 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 30 August 2024 and were signed on its behalf by
Shwan Haji Hassan Director Company Registration No. 11038215
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East Midlands Foods Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
East Midlands Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 11038215. The registered office is Units C4 & C5 Crossgate Drive, Queens Drive Industrial Estate, Nottingham, Nottinghamshire, NG2 1LW, 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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 November 2022
20,000 
51,700 
71,700 
Revaluations
100,000 
80,000 
180,000 
At 31 October 2023
120,000 
131,700 
251,700 
Amortisation
At 1 November 2022
- 
- 
- 
At 31 October 2023
- 
- 
- 
Net book value
At 31 October 2023
120,000 
131,700 
251,700 
At 31 October 2022
20,000 
51,700 
71,700 
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East Midlands Foods Ltd Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At valuation 
At cost 
At valuation 
At 1 November 2022
17,760 
143,000 
35,200 
12,400 
208,360 
Revaluations
- 
50,000 
- 
5,000 
55,000 
At 31 October 2023
17,760 
193,000 
35,200 
17,400 
263,360 
Depreciation
At 31 October 2023
- 
- 
- 
- 
- 
Net book value
At 31 October 2023
17,760 
193,000 
35,200 
17,400 
263,360 
At 31 October 2022
17,760 
143,000 
35,200 
12,400 
208,360 
6
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 November 2022
80,000 
20,000 
100,000 
Valuation at 31 October 2023
80,000 
20,000 
100,000 
7
Inventories
2023 
2022 
£ 
£ 
Raw materials
450,000 
480,631 
450,000 
480,631 
8
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
240,000 
- 
Accrued income and prepayments
- 
11,525 
240,000 
11,525 
9
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
45,500 
Trade creditors
328,000 
- 
328,000 
45,500 
10
Capital commitments
2023 
2022 
£ 
£ 
The director who's the only shareholder started his business from his finances previously earned by his other businesses sold for this business.
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East Midlands Foods Ltd Notes to the Accounts for the year ended 31 October 2023
11
Loans to directors
Director and who is the only shareholder invested his personal finances into the business and keeps reinvesting his finances into the business.
12
Average number of employees
During the year the average number of employees was 27 (2022: 27).
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