Company Registration No. 12042184 (England and Wales)
South End Food Centre Ltd
Unaudited accounts
for the year ended 30 June 2024
South End Food Centre Ltd
Unaudited accounts
Contents
South End Food Centre Ltd
Company Information
for the year ended 30 June 2024
Director
TAGHI NAEEMI GOONDOGHDOOEI
Company Number
12042184 (England and Wales)
Registered Office
15 South End
Croydon
Surrey
CR0 1BE
England
Accountants
NOORY AND CO ACCOUNTANTS
22 Conduit Place
London
London
W2 1HS
South End Food Centre Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
42,346
49,819
Cash at bank and in hand
37,473
18,413
Creditors: amounts falling due within one year
(72,028)
(76,916)
Net current assets
58,840
34,045
Called up share capital
100
100
Profit and loss account
101,086
83,764
Shareholders' funds
101,186
83,864
For the year ending 30 June 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 20 October 2024 and were signed on its behalf by
TAGHI NAEEMI GOONDOGHDOOEI
Director
Company Registration No. 12042184
South End Food Centre Ltd
Notes to the Accounts
for the year ended 30 June 2024
South End Food Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 12042184. The registered office is 15 South End, , Croydon, Surrey, CR0 1BE, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
15% Reducing Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
South End Food Centre Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2023
10,000
58,507
68,507
At 30 June 2024
10,000
58,507
68,507
At 1 July 2023
-
18,688
18,688
Charge for the year
-
7,473
7,473
At 30 June 2024
-
26,161
26,161
At 30 June 2024
10,000
32,346
42,346
At 30 June 2023
10,000
39,819
49,819
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,227
3,407
Taxes and social security
6,314
6,505
Loans from directors
59,664
59,664
6
Average number of employees
During the year the average number of employees was 8 (2023: 8).