22 February 2023 false No description of principal activity Taxfiler 2024.5 14683359business:PrivateLimitedCompanyLtd2023-02-222024-02-28 146833592023-02-21 146833592023-02-222024-02-28 14683359business:AuditExemptWithAccountantsReport2023-02-222024-02-28 14683359business:FilletedAccounts2023-02-222024-02-28 146833592024-02-28 14683359core:WithinOneYear2024-02-28 14683359core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 14683359core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 14683359core:PreviouslyStatedAmount2024-02-28 14683359business:SmallEntities2023-02-222024-02-28 14683359business:Director12023-02-222024-02-28 14683359countries:EnglandWales2023-02-222024-02-28 14683359business:RegisteredOffice2023-02-222024-02-28 14683359core:PlantMachinery2023-02-222024-02-28 14683359core:PlantMachinery2023-02-21 14683359core:PlantMachinery2024-02-28 iso4217:GBP xbrli:pure
Company Registration No. 14683359 (England and Wales)
Labib Foods Ltd Accounts for the period from 22 February 2023 to 28 February 2024
Labib Foods Ltd Accounts Contents
Page
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Labib Foods Ltd Statement of financial position as at 28 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
4,597 
Current assets
Inventories
4,265 
Cash at bank and in hand
4,936 
9,201 
Creditors: amounts falling due within one year
(11,460)
Net current liabilities
(2,259)
Net assets
2,338 
Capital and reserves
Called up share capital
100 
Profit and loss account
2,238 
Shareholders' funds
2,338 
For the period ending 28 February 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 12 September 2024 and were signed on its behalf by
Md Asraful Arafin Director Company Registration No. 14683359
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Labib Foods Ltd Notes to the Accounts for the period from 22 February 2023 to 28 February 2024
1
Statutory information
Labib Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 14683359. The registered office is 130 Fanshawe Avenue, Barking, IG11 8RQ, 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 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
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 22 February 2023
- 
Additions
5,746 
At 28 February 2024
5,746 
Depreciation
Charge for the period
1,149 
At 28 February 2024
1,149 
Net book value
At 28 February 2024
4,597 
5
Creditors: amounts falling due within one year
2024 
£ 
Other creditors
7,000 
Loans from directors
2,860 
Accruals
1,600 
11,460 
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Labib Foods Ltd Notes to the Accounts for the period from 22 February 2023 to 28 February 2024
6
Average number of employees
During the period the average number of employees was 4.
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