ORGANICA (U.K) LIMITED

Company Registration Number:
03531866 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

ORGANICA (U.K) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

ORGANICA (U.K) LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

9 months to 31 December 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 763,421 817,423
Tangible assets: 4 839,384 841,321
Total fixed assets: 1,602,805 1,658,744
Current assets
Stocks: 681,913 893,913
Debtors:   941,466 1,004,848
Cash at bank and in hand:   7,231
Total current assets: 1,623,379 1,905,992
Creditors: amounts falling due within one year: 5 (2,252,077) (2,477,679)
Net current assets (liabilities): (628,698) (571,687)
Total assets less current liabilities: 974,107 1,087,057
Creditors: amounts falling due after more than one year: 6 (601,086) (750,184)
Total net assets (liabilities): 373,021 336,873
Capital and reserves
Called up share capital: 33,217 33,217
Profit and loss account: 339,804 303,656
Shareholders funds: 373,021 336,873

The notes form part of these financial statements

ORGANICA (U.K) LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 September 2024
and signed on behalf of the board by:

Name: Christopher Arthur
Status: Director

The notes form part of these financial statements

ORGANICA (U.K) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible fixed assets and depreciation policy

Depreciation has been provided on straightline basis over the useful lives of the asset Property Plant and Equipment 15 years Leasehold Improvement 10 years IT 5 years Motor Vehicles 5 years.

Intangible fixed assets and amortisation policy

Research and development expenditure is normally written off in the year of expenditure. However expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects. Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

Other accounting policies

Pension Costs. The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

ORGANICA (U.K) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 9 months to 31 December 2022
Average number of employees during the period 46 44

ORGANICA (U.K) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 958,824
At 31 December 2023 958,824
Amortisation
At 01 January 2023 141,401
Charge for year 54,002
At 31 December 2023 195,403
Net book value
At 31 December 2023 763,421
At 31 December 2022 817,423

ORGANICA (U.K) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 1,625,643
Additions 75,136
At 31 December 2023 1,700,779
Depreciation
At 01 January 2023 784,322
Charge for year 77,073
At 31 December 2023 861,395
Net book value
At 31 December 2023 839,384
At 31 December 2022 841,321

ORGANICA (U.K) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Loans £245,546 Trade Creditors £1,004,278 Invoice Discounting £565434 Bank Overdraft £114,687 Tax & Social Security £320,032 Accruals £2,100 Total £2,252,077. Amounts due on the bank loans from HSBC Bank PLC and HSBC Invoice Finance (UK) Limited are secured on the company's assets by way of fixed and floating charges.

ORGANICA (U.K) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Loans £361,294 Directors Loan Account £239,792 Total £601,086