1 January 2023 v2024.43.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP114572742023-01-012023-12-31114572742023-12-31114572742022-12-3111457274core:WithinOneYear2023-12-3111457274core:WithinOneYear2022-12-3111457274core:AfterOneYear2023-12-3111457274core:AfterOneYear2022-12-3111457274core:ShareCapital2023-12-3111457274core:ShareCapital2022-12-3111457274core:RetainedEarningsAccumulatedLosses2023-12-3111457274core:RetainedEarningsAccumulatedLosses2022-12-3111457274bus:Director12023-01-012023-12-3111457274bus:Director22023-01-012023-12-3111457274bus:RegisteredOffice2023-01-012023-12-3111457274core:NetGoodwill2023-01-012023-12-3111457274core:Goodwill2023-01-012023-12-3111457274core:FurnitureFittings2023-01-012023-12-3111457274core:PlantMachinery2023-01-012023-12-31114572742022-01-012022-12-3111457274core:NetGoodwill2023-12-3111457274core:NetGoodwill2023-01-0111457274core:NetGoodwill2022-12-3111457274core:LandBuildings2023-01-0111457274core:PlantMachinery2023-01-01114572742023-01-0111457274core:LandBuildings2023-12-3111457274core:PlantMachinery2023-12-3111457274core:LandBuildings2022-12-3111457274core:PlantMachinery2022-12-311145727412023-01-012023-12-3111457274countries:EnglandWales2023-01-012023-12-3111457274bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3111457274bus:PrivateLimitedCompanyLtd2023-01-012023-12-3111457274bus:SmallEntities2023-01-012023-12-3111457274bus:FullAccounts2023-01-012023-12-31
Company registration number:
11457274
Antoniou Food Group Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Antoniou Food Group Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Intangible assets 5
82,000
 
98,400
 
Tangible assets 6
457,589
 
464,291
 
539,589
 
562,691
 
Current assets    
Stocks
23,446
 
23,446
 
Debtors 7
21,000
 
35,766
 
Cash at bank and in hand
29,152
 
23,207
 
73,598
 
82,419
 
Creditors: amounts falling due within one year 8
(309,181
)
(316,268
)
Net current liabilities
(235,583
)
(233,849
)
Total assets less current liabilities 304,006   328,842  
Creditors: amounts falling due after more than one year 9
(99,648
)
(150,259
)
Net assets
204,358
 
178,583
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
204,258
 
178,483
 
Shareholders funds
204,358
 
178,583
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
25 September 2024
, and are signed on behalf of the board by:
Mr, C Antoniou
Mrs. Z Lindsay
DirectorDirector
Company registration number:
11457274
Antoniou Food Group Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bramhall House, 14 Ack Lane East
,
Bramhall
,
Stockport
,
SK7 2BY
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired. Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
10% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% reducing balance
Plant and machinery
15% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
7
(2022:
7
).

5 Intangible assets

Goodwill
£
Cost  
At
1 January 2023
and
31 December 2023
164,000
 
Amortisation  
At
1 January 2023
65,600
 
Charge
16,400
 
At
31 December 2023
82,000
 
Carrying amount  
At
31 December 2023
82,000
 
At 31 December 2022
98,400
 

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 January 2023
414,065
 
69,699
 
483,764
 
Additions -  
4,744
 
4,744
 
At
31 December 2023
414,065
 
74,443
 
488,508
 
Depreciation      
At
1 January 2023
-  
19,473
 
19,473
 
Charge -  
11,446
 
11,446
 
At
31 December 2023
-  
30,919
 
30,919
 
Carrying amount      
At
31 December 2023
414,065
 
43,524
 
457,589
 
At 31 December 2022
414,065
 
50,226
 
464,291
 

7 Debtors

20232022
££
Trade debtors -  
766
 
Other debtors
21,000
 
35,000
 
21,000
 
35,766
 

8 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
22,397
 
22,397
 
Trade creditors
1,703
 
(1,368
)
Taxation and social security
33,854
 
21,475
 
Other creditors
251,227
 
273,764
 
309,181
 
316,268
 

9 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
99,648
 
150,259