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Company Registration No. 13870025 (England and Wales)
Armani Foods Limited Unaudited accounts for the year ended 31 January 2024
Armani Foods Limited Unaudited accounts Contents
Page
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Armani Foods Limited Company Information for the year ended 31 January 2024
Director
Inderbir Singh SAGGU
Company Number
13870025 (England and Wales)
Registered Office
29 Jennie Lee Avenue Wolverhampton West Midlands WV11 3LZ England
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Armani Foods Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
18,000 
18,000 
Tangible assets
61,451 
52,700 
79,451 
70,700 
Current assets
Inventories
1,858 
1,293 
Debtors
4,541 
4,718 
Cash at bank and in hand
9,796 
13,871 
16,195 
19,882 
Creditors: amounts falling due within one year
(85,976)
(91,643)
Net current liabilities
(69,781)
(71,761)
Net assets/(liabilities)
9,670 
(1,061)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,570 
(1,161)
Shareholders' funds
9,670 
(1,061)
For the year ending 31 January 2024 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 14 October 2024 and were signed on its behalf by
Inderbir Singh SAGGU Director Company Registration No. 13870025
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Armani Foods Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Armani Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 13870025. The registered office is 29 Jennie Lee Avenue, Wolverhampton, West Midlands, WV11 3LZ, 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:
Plant & machinery
Depreciate by 15% reducing method
Intangible fixed assets
Goodwill amortize by 10% straight line method
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
20,000 
At 31 January 2024
20,000 
Amortisation
At 1 February 2023
2,000 
At 31 January 2024
2,000 
Net book value
At 31 January 2024
18,000 
At 31 January 2023
18,000 
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Armani Foods Limited Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
- 
62,000 
62,000 
Additions
19,595 
- 
19,595 
At 31 January 2024
19,595 
62,000 
81,595 
Depreciation
At 1 February 2023
- 
9,300 
9,300 
Charge for the year
2,939 
7,905 
10,844 
At 31 January 2024
2,939 
17,205 
20,144 
Net book value
At 31 January 2024
16,656 
44,795 
61,451 
At 31 January 2023
- 
52,700 
52,700 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,541 
4,718 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,259 
5,458 
Trade creditors
16,136 
11,674 
Taxes and social security
2,264 
425 
Loans from directors
62,317 
74,086 
85,976 
91,643 
8
Average number of employees
During the year the average number of employees was 7 (2023: 5).
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