Registered number
14658025
ARDA FOOD & WINE LTD
Filleted Accounts
29 February 2024
ARDA FOOD & WINE LTD
Registered number: 14658025
Balance Sheet
as at 29 February 2024
Notes 2024
£
Fixed assets
Tangible assets 3 38,885
Current assets
Stocks 107,620
Debtors 4 7,042
Cash at bank and in hand 9,467
124,129
Creditors: amounts falling due within one year 5 (3,455)
Net current assets 120,674
Total assets less current liabilities 159,559
Creditors: amounts falling due after more than one year 6 (157,451)
Net assets 2,108
Capital and reserves
Called up share capital 100
Profit and loss account 2,008
Shareholders' funds 2,108
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 members have 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.
Rodi SURENSOY
Director
Approved by the board on 2 October 2024
ARDA FOOD & WINE LTD
Notes to the Accounts
for the year ended 29 February 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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, as follows:
Fixtures, fittings and equipment 18% reducing balance
Motor van 18% reducing balance
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.
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 corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 5
3 Tangible fixed assets
Fix, fittings & equipment Motor van Total
£ £ £
Cost
Additions 27,383 16,990 44,373
At 29 February 2024 27,383 16,990 44,373
Depreciation
Charge for the year 3,194 2,294 5,488
At 29 February 2024 3,194 2,294 5,488
Net book value
At 29 February 2024 24,189 14,696 38,885
4 Debtors 2024
£
Prepayments & deposit paid 7,042
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 1,134
Taxation and social security costs 2,321
3,455
6 Creditors: amounts falling due after one year 2024
£
Other creditors 157,451
7 Other information
ARDA FOOD & WINE LTD is a private company limited by shares and incorporated in England. Its registered office is:
138-140 Rochester Road
Blackheath
SE3 8AR
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