Company Registration No. 08853578 (England and Wales)
Eat Wholesome Ltd
Unaudited accounts
for the year ended 31 January 2024
Eat Wholesome Ltd
Company Information
for the year ended 31 January 2024
Directors
Brian Xing Hua Zhang
Gina Christodoulou
Sarah Alexandra Leijten
Company Number
08853578 (England and Wales)
Registered Office
Suite 1-3 Hop Exchange
24 Southwark Street
London
SE1 1TY
United Kingdom
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Eat Wholesome Ltd
Accountants' report
Accountants' report to the board of directors of Eat Wholesome Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Eat Wholesome Ltd for the year ended
31 January 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Eat Wholesome Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Eat Wholesome Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eat Wholesome Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Eat Wholesome Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Eat Wholesome Ltd. You consider that Eat Wholesome Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Eat Wholesome Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
6 August 2024
Eat Wholesome Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
2,685
2,674
Inventories
369,111
224,293
Cash at bank and in hand
155,490
425,683
Creditors: amounts falling due within one year
(456,562)
(205,199)
Net current assets
983,151
923,448
Total assets less current liabilities
985,836
926,122
Creditors: amounts falling due after more than one year
-
(189,456)
Net assets
985,836
736,666
Called up share capital
1
1
Profit and loss account
985,835
736,665
Shareholders' funds
985,836
736,666
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
Brian Xing Hua Zhang
Director
Company Registration No. 08853578
Eat Wholesome Ltd
Notes to the Accounts
for the year ended 31 January 2024
Eat Wholesome Ltd is a private company, limited by shares, registered in England and Wales, registration number 08853578. The registered office is Suite 1-3 Hop Exchange, 24 Southwark Street, London, SE1 1TY, United Kingdom.
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.
The accounts have been prepared on the going concern basis, as the Directors have confirmed that the company will be a going concern for the foreseeable future and have forecasts to support this.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing balance
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Eat Wholesome Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The costs of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
4
Tangible fixed assets
Computer equipment
Eat Wholesome Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
850,773
427,434
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
374,232
141,130
Taxes and social security
82,271
64,010
Loans from directors
33
33
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The company is controlled by W Kaiping S.A.R.L. by virtue of their 100% shareholding.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).