Registered number
05709988
Hamra Foods Limited
Filleted Accounts
31 March 2024
Hamra Foods Limited
Registered number: 05709988
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3,253 3,277
Current assets
Stocks 7,925 7,775
Debtors 3 2,462 5,753
Cash at bank and in hand 1,939 4,356
12,326 17,884
Creditors: amounts falling due within one year 4 (13,434) (14,859)
Net current (liabilities)/assets (1,108) 3,025
Total assets less current liabilities 2,145 6,302
Creditors: amounts falling due after more than one year 5 (12,570) (22,500)
Net liabilities (10,425) (16,198)
Capital and reserves
Share premium 2 2
Profit and loss account (10,427) (16,200)
Shareholder's funds (10,425) (16,198)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M B Islam
Director
Approved by the board on 14 September 2024
Hamra Foods Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from the sale of goods, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% RB
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Debtors 2024 2023
£ £
VAT debtors 42 164
Director's loan account 2,420 5,589
2,462 5,753
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,998 4,653
Taxation and social security costs 436 206
13,434 14,859
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,570 22,500
6 Other information
Hamra Foods Limited is a private company limited by shares and incorporated in England. Its registered office is:
45 Burdett Road
London
E3 4TN
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