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REGISTERED NUMBER: 04632346 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lomas Foods Limited

Lomas Foods Limited (Registered number: 04632346)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lomas Foods Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Lomas
M C Lomas
J R Lomas
C P Lomas





SECRETARY: C P Lomas





REGISTERED OFFICE: 13 High Street East
Glossop
Derbyshire
SK13 8DA





REGISTERED NUMBER: 04632346 (England and Wales)





ACCOUNTANTS: DJ Pape & Associates (NW) Ltd
13 High Street East
Glossop
Derbyshire
SK13 8DA

Lomas Foods Limited (Registered number: 04632346)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 21,164
Tangible assets 5 4,502 5,545
4,502 26,709

CURRENT ASSETS
Stocks 26,623 26,623
Debtors 6 40,428 61,046
Cash at bank and in hand 34,324 51,231
101,375 138,900
CREDITORS
Amounts falling due within one year 7 100,794 177,137
NET CURRENT ASSETS/(LIABILITIES) 581 (38,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,083

(11,528

)

CAPITAL AND RESERVES
Called up share capital 1,003 1,003
Retained earnings 4,080 (12,531 )
SHAREHOLDERS' FUNDS 5,083 (11,528 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 24 October 2024 and were signed on its behalf by:



C P Lomas - Director


Lomas Foods Limited (Registered number: 04632346)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lomas Foods 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Lomas Foods Limited (Registered number: 04632346)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 499,999
AMORTISATION
At 1 April 2023 478,835
Charge for year 21,164
At 31 March 2024 499,999
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 21,164

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 121,259
DEPRECIATION
At 1 April 2023 115,714
Charge for year 1,043
At 31 March 2024 116,757
NET BOOK VALUE
At 31 March 2024 4,502
At 31 March 2023 5,545

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,762 8,377
Other debtors 36,666 52,669
40,428 61,046

Lomas Foods Limited (Registered number: 04632346)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 43,320 62,303
Taxation and social security 19,039 23,096
Other creditors 38,435 91,738
100,794 177,137