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REGISTERED NUMBER: 13225463 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Macro Food Centre Ltd

Macro Food Centre Ltd (Registered number: 13225463)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Macro Food Centre Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Ali Dogan Atim
Mr Hakan Buz





REGISTERED OFFICE: 38-40 Commercial Road
London
United Kingdom
E1 1LN





REGISTERED NUMBER: 13225463 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Macro Food Centre Ltd (Registered number: 13225463)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,758 246,348

CURRENT ASSETS
Stocks 5 223,803 151,637
Debtors 6 - 23,986
Cash at bank and in hand 91,297 16,021
315,100 191,644
CREDITORS
Amounts falling due within one year 7 62,728 2,518
NET CURRENT ASSETS 252,372 189,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,130

435,474

CREDITORS
Amounts falling due after more than one year 8 63,532 281,296
NET ASSETS 394,598 154,178

CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Retained earnings 389,598 149,178
SHAREHOLDERS' FUNDS 394,598 154,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Macro Food Centre Ltd (Registered number: 13225463)

Balance Sheet - continued
31 December 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




Mr Ali Dogan Atim - Director



Mr Hakan Buz - Director


Macro Food Centre Ltd (Registered number: 13225463)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Macro Food Centre Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

Macro Food Centre Ltd (Registered number: 13225463)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 327,668
Additions 27,995
At 31 December 2023 355,663
DEPRECIATION
At 1 January 2023 81,320
Charge for year 68,585
At 31 December 2023 149,905
NET BOOK VALUE
At 31 December 2023 205,758
At 31 December 2022 246,348

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 223,803 151,637

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
VAT - 23,986

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 29,500 -
Trade creditors - 938
Tax 24,275 -
Social security and other taxes 413 1,580
VAT 1,352 -
Other creditors 5,188 -
Accrued expenses 2,000 -
62,728 2,518

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 24,032 78,896
Directors' loan accounts 39,500 202,400
63,532 281,296

Macro Food Centre Ltd (Registered number: 13225463)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 24,032 78,896

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 29,500 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 24,032 78,896

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
245,000 Ordinary shares class A £1.00 5,000 5,000