2023-03-012024-02-292024-02-29false11226113LA NONNA FOOD GROUP LIMITED2024-11-25iso4217:GBPxbrli:pure112261132023-03-01112261132024-02-29112261132023-03-012024-02-29112261132022-03-01112261132023-02-28112261132022-03-012023-02-2811226113bus:SmallEntities2023-03-012024-02-2911226113bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2911226113bus:AbridgedAccounts2023-03-012024-02-2911226113bus:PrivateLimitedCompanyLtd2023-03-012024-02-2911226113core:WithinOneYear2024-02-2911226113core:AfterOneYear2024-02-2911226113core:WithinOneYear2023-02-2811226113core:AfterOneYear2023-02-2811226113core:ShareCapital2024-02-2911226113core:SharePremium2024-02-2911226113core:RevaluationReserve2024-02-2911226113core:OtherReservesSubtotal2024-02-2911226113core:RetainedEarningsAccumulatedLosses2024-02-2911226113core:ShareCapital2023-02-2811226113core:SharePremium2023-02-2811226113core:RevaluationReserve2023-02-2811226113core:OtherReservesSubtotal2023-02-2811226113core:RetainedEarningsAccumulatedLosses2023-02-2811226113core:LandBuildings2024-02-2911226113core:PlantMachinery2024-02-2911226113core:Vehicles2024-02-2911226113core:FurnitureFittings2024-02-2911226113core:OfficeEquipment2024-02-2911226113core:NetGoodwill2024-02-2911226113core:IntangibleAssetsOtherThanGoodwill2024-02-2911226113core:ListedExchangeTraded2024-02-2911226113core:UnlistedNon-exchangeTraded2024-02-2911226113core:LandBuildings2023-02-2811226113core:PlantMachinery2023-02-2811226113core:Vehicles2023-02-2811226113core:FurnitureFittings2023-02-2811226113core:OfficeEquipment2023-02-2811226113core:NetGoodwill2023-02-2811226113core:IntangibleAssetsOtherThanGoodwill2023-02-2811226113core:ListedExchangeTraded2023-02-2811226113core:UnlistedNon-exchangeTraded2023-02-2811226113core:LandBuildings2023-03-012024-02-2911226113core:PlantMachinery2023-03-012024-02-2911226113core:Vehicles2023-03-012024-02-2911226113core:FurnitureFittings2023-03-012024-02-2911226113core:OfficeEquipment2023-03-012024-02-2911226113core:NetGoodwill2023-03-012024-02-2911226113core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911226113core:ListedExchangeTraded2023-03-012024-02-2911226113core:UnlistedNon-exchangeTraded2023-03-012024-02-2911226113core:MoreThanFiveYears2023-03-012024-02-2911226113core:Non-currentFinancialInstruments2024-02-2911226113core:Non-currentFinancialInstruments2023-02-2811226113dpl:CostSales2023-03-012024-02-2911226113dpl:DistributionCosts2023-03-012024-02-2911226113core:LandBuildings2023-03-012024-02-2911226113core:PlantMachinery2023-03-012024-02-2911226113core:Vehicles2023-03-012024-02-2911226113core:FurnitureFittings2023-03-012024-02-2911226113core:OfficeEquipment2023-03-012024-02-2911226113dpl:AdministrativeExpenses2023-03-012024-02-2911226113core:NetGoodwill2023-03-012024-02-2911226113core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911226113dpl:GroupUndertakings2023-03-012024-02-2911226113dpl:ParticipatingInterests2023-03-012024-02-2911226113dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2911226113core:ListedExchangeTraded2023-03-012024-02-2911226113dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2911226113core:UnlistedNon-exchangeTraded2023-03-012024-02-2911226113dpl:CostSales2022-03-012023-02-2811226113dpl:DistributionCosts2022-03-012023-02-2811226113core:LandBuildings2022-03-012023-02-2811226113core:PlantMachinery2022-03-012023-02-2811226113core:Vehicles2022-03-012023-02-2811226113core:FurnitureFittings2022-03-012023-02-2811226113core:OfficeEquipment2022-03-012023-02-2811226113dpl:AdministrativeExpenses2022-03-012023-02-2811226113core:NetGoodwill2022-03-012023-02-2811226113core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811226113dpl:GroupUndertakings2022-03-012023-02-2811226113dpl:ParticipatingInterests2022-03-012023-02-2811226113dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811226113core:ListedExchangeTraded2022-03-012023-02-2811226113dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811226113core:UnlistedNon-exchangeTraded2022-03-012023-02-2811226113core:NetGoodwill2024-02-2911226113core:IntangibleAssetsOtherThanGoodwill2024-02-2911226113core:LandBuildings2024-02-2911226113core:PlantMachinery2024-02-2911226113core:Vehicles2024-02-2911226113core:FurnitureFittings2024-02-2911226113core:OfficeEquipment2024-02-2911226113core:AfterOneYear2024-02-2911226113core:WithinOneYear2024-02-2911226113core:ListedExchangeTraded2024-02-2911226113core:UnlistedNon-exchangeTraded2024-02-2911226113core:ShareCapital2024-02-2911226113core:SharePremium2024-02-2911226113core:RevaluationReserve2024-02-2911226113core:OtherReservesSubtotal2024-02-2911226113core:RetainedEarningsAccumulatedLosses2024-02-2911226113core:NetGoodwill2023-02-2811226113core:IntangibleAssetsOtherThanGoodwill2023-02-2811226113core:LandBuildings2023-02-2811226113core:PlantMachinery2023-02-2811226113core:Vehicles2023-02-2811226113core:FurnitureFittings2023-02-2811226113core:OfficeEquipment2023-02-2811226113core:AfterOneYear2023-02-2811226113core:WithinOneYear2023-02-2811226113core:Listed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LA NONNA FOOD GROUP LIMITED

Registered Number
11226113
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

LA NONNA FOOD GROUP LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Daniele Pino
Edward Wansbrough

Registered Address

Unit 3, Upp Hall Farm, Salmons Lane
Coggeshall
Colchester
CO6 1RY

Registered Number

11226113 (England and Wales)
LA NONNA FOOD GROUP LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets349,65966,212
49,65966,212
Current assets
Stocks42,5651,100
Debtors525,82030,911
Cash at bank and on hand85,38233,140
113,76765,151
Creditors amounts falling due within one year6(88,186)(106,039)
Net current assets (liabilities)25,581(40,888)
Total assets less current liabilities75,24025,324
Creditors amounts falling due after one year7(37,228)(42,856)
Net assets38,012(17,532)
Capital and reserves
Called up share capital1,0001,000
Share premium74,87574,875
Profit and loss account(37,863)(93,407)
Shareholders' funds38,012(17,532)
The financial statements were approved and authorised for issue by the Board of Directors on 25 November 2024, and are signed on its behalf by:
Edward Wansbrough
Director
Registered Company No. 11226113
LA NONNA FOOD GROUP LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Reducing balance (%)
Land and buildings25
Plant and machinery25
Fixtures and fittings25
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognized immediately in profit or loss
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year1515
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 23109,642
At 29 February 24109,642
Depreciation and impairment
At 01 March 2343,431
Charge for year16,552
At 29 February 2459,984
Net book value
At 29 February 2449,659
At 28 February 2366,212
4.Stocks

2024

2023

££
Other stocks2,5651,100
Total2,5651,100
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,95912,597
Other debtors18,44218,314
Prepayments and accrued income4,419-
Total25,82030,911
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables18,65745,572
Taxation and social security33,00925,779
Other creditors31,22230,674
Accrued liabilities and deferred income5,2984,014
Total88,186106,039
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts37,22842,856
Total37,22842,856
8.Financial instruments
The bounce back loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 12 November 2025. The carrying amount at year end is £37,228 (2022 - £42,856).
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Daniele Pino2711270398
2711270398
10.Share capital
The company has issued share capital of 10,000 ordinary shares of £0.10 each. There are no changes to the share capital in this year.