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REGISTERED NUMBER: 08318506 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EDIBLE SOLUTIONS LIMITED

EDIBLE SOLUTIONS LIMITED (REGISTERED NUMBER: 08318506)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EDIBLE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S Guhathakurta
Mrs J Rao





REGISTERED OFFICE: 51 MAPLE ROAD
RIPLEY
WOKING
Surrey
GU23 6JZ





REGISTERED NUMBER: 08318506 (England and Wales)





ACCOUNTANTS: Cheshams Accountants Ltd
Chartered Certified Accountants
Suite 16,Neals Corner
2 Bath Road
Hounslow
Middlesex
TW3 3HJ

EDIBLE SOLUTIONS LIMITED (REGISTERED NUMBER: 08318506)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,567 2,017

CURRENT ASSETS
Stocks 5 6,391 75,050
Debtors 6 104,618 218,999
Cash at bank 86 2,592
111,095 296,641
CREDITORS
Amounts falling due within one year 7 596,757 808,271
NET CURRENT LIABILITIES (485,662 ) (511,630 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(484,095

)

(509,613

)

CREDITORS
Amounts falling due after more than one year 8 34,845 83,876
NET LIABILITIES (518,940 ) (593,489 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (519,040 ) (593,589 )
SHAREHOLDERS' FUNDS (518,940 ) (593,489 )

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.

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 30 September 2024 and were signed on its behalf by:




Mr S Guhathakurta - Director


EDIBLE SOLUTIONS LIMITED (REGISTERED NUMBER: 08318506)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

EDIBLE SOLUTIONS LIMITED 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 1 (2022 - 3 ) .

EDIBLE SOLUTIONS LIMITED (REGISTERED NUMBER: 08318506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,062 5,639 7,701
Additions - 54 54
At 31 December 2023 2,062 5,693 7,755
DEPRECIATION
At 1 January 2023 1,826 3,858 5,684
Charge for year 59 445 504
At 31 December 2023 1,885 4,303 6,188
NET BOOK VALUE
At 31 December 2023 177 1,390 1,567
At 31 December 2022 236 1,781 2,017

5. STOCKS
2023 2022
£    £   
Stocks 6,391 75,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 100,503 186,455
Other debtors 2,000 28,650
VAT 2,115 3,894
104,618 218,999

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,930 43,800
Other loans 31,450 31,450
Loan - Funding Circle 66,280 66,280
Funding Circle Flexipay 766 -
Trade creditors 472,689 661,334
Social security and other taxes 33 1,307
Credit Card - 814
Pension Liabilities 34 -
Directors' current accounts 975 1,686
Accrued expenses 1,600 1,600
596,757 808,271

EDIBLE SOLUTIONS LIMITED (REGISTERED NUMBER: 08318506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years 34,845 83,876

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 (593,589 )
Profit for the year 74,549
At 31 December 2023 (519,040 )

11. RELATED PARTY DISCLOSURES

At the year end the company Edible Solutions Limited Owes £31,450 to Monvi Homes Ltd,a company based in UK which is shown in other loans. The directors of Edible Solutions Limited own 100 % of the shares in Monvi Homes Ltd