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Rodina Foods Ltd
 
 
Company Registration Number
NI668664
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/04/2023
 
End date 31/03/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Rodina Foods Ltd
 
Contents of the Financial Statements
for the Period Ended 31 March 2024
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Rodina Foods Ltd
Company Information
for the Period Ended 31 March 2024
 
Directors Aleksandar Hramov
Nataliya Hramova
 
 
Registered office Unit 4
Scaffog Business Park
134 Sligo Road
Enniskillen, Co Fermanagh, BT74 7JY
 
Company Registration Number NI668664
 
Accountants Name Accounting Solutions
Address 3 Oakfield Road
Enniskillen
Co Fermanagh
BT92 2GJ
 
Bankers Name Bank of Ireland
Address Townhall Street
Enniskillen
Co Fermanagh
BT74 7BD
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Rodina Foods Ltd
Directors Report
for the Period Ended 31 March 2024
The directors present their report with the financial statements of the company for the
period ended 31 March 2024
Principal activities
The principal activity of the company in the period under review was
Directors
The director(s) shown below have held office during the whole of the period
Aleksandar Hramov
Nataliya Hramova
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2024-11-02
and signed on behalf of the board by
Name Nataliya Hramova
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Rodina Foods Ltd
 
Accountants' Report
for the Period Ended 31 March 2024
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 March 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 March 2024 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, 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 the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company 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/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. 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 financial
statements.
 
 
 
 
 
 
 
Accounting Solutions
3 Oakfield Road
Enniskillen
Co Fermanagh
BT92 2GJ
 
Date 2024-11-02
Page 5
Rodina Foods Ltd
 
Profit and Loss Account
for the Period Ended 31 March 2024
2024 2,023
Notes £ £
 
Turnover 2 1,719,329 1,595,189
Cost of sales 1,288,924 1,171,850
______ ______
Gross Profit/(Loss) 430,405 423,339
 
Administrative expenses 366,216 296,122
______ ______
Operating costs 366,216 296,122
 
______ ______
Operating Profit/(Loss) 64,190 127,217
______ ______
Profit/(Loss) on ordinary activities before taxation 64,190 127,217
 
Tax on profit on ordinary activities 13,242 24,035
________ ______
Profit/(Loss) for the financial period after taxation 50,948 103,182
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 6
Rodina Foods Ltd
Balance Sheet
for the Period Ended 31 March 2024
Company registration number NI668664
2024 2,023
Notes £ £
Fixed assets
Intangible fixed assets 3 6,000 8,000
Tangible fixed assets 4 21,110 21,246
_______ _______
Total fixed assets 27,110 29,246
Current assets
Stocks 5 141,565 201,011
Debtors 6 124,789 38,758
_______ _______
Total current assets/(liabilities) 266,354 239,769
Creditors
Creditors - amounts falling
due within one year 7 54,039 43,527
_______ _______
Net current assets 212,315 196,242
_______ _______
Total assets less current liabilities 239,425 225,488
_______ _______
Creditors - amounts falling
due after more than one year 8 23,274 30,285
_______ _______
Long term creditors 23,274 30,285
_________ ______
Net assets/(liabilities) 216,151 195,203
Capital and reserves
Profit and loss account 10 216,151 195,203
_________ ______
Total shareholders funds 216,151 195,203
 
 
 
 
 
 
 
 
Page 7
Rodina Foods Ltd
 
Balance Sheet
for the Period Ended 31 March 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 March 2024 the company was entitled to exemption 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.
 
The financial statements were approved by the Board of Directors on 2024-11-02
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Nataliya Hramova
Status DIRECTOR
 
The notes form part of these financial statements
Average number of employees during period 7
 
 
 
 
 
 
 
 
 
Page 8
Rodina Foods Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 0
Office equipment 0
Motor vehicles 0
Plant and machinery 0
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchangeruling at the balance sheet date. Transactions in foreign currencies are translated into sterling atthe rate of exchange ruling at the date of the transaction. Exchange differences are taken intoaccount in arriving at the operating profit.
 
 
 
 
 
 
 
Page 9
Rodina Foods Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2024
2. Turnover 2024 2,023
£ £
United Kingdom 1,719,329 1,595,189
__________ _______
Total 1,719,329 1,595,189
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
Rodina Foods Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2024
3. Intangible fixed assets Goodwill Total
Cost £ £
At 1 April 2023 12,000 12,000
_____ _____
At 31 March 2024 12,000 12,000
Amortisation
At 1 April 2023 4,000 4,000
Charge during the period 2,000 2,000
____ ____
At 31 March 2024 6,000 6,000
Net book value
At 31 March 2024 6,000 6,000
At 31 March 2023 8,000 8,000
 
4. Tangible fixed assets
Plant and Fixtures Office Motor Total
machinery and fittings equipment vehicles
Cost £ £ £ £ £
At 1 April 2023 19,427 6,286 2,970 4,800 33,483
Additions 1,560 2,855 4,415
________ _______ _______ ____ _______
At 31 March 2024 20,987 6,286 5,825 4,800 37,898
Depreciation
At 1 April 2023 6,558 2,075 1,505 2,100 12,238
Charge for year 2,164 632 1,080 675 4,551
_______ _______ _______ ____ ________
At 31 March 2024 8,722 2,707 2,585 2,775 16,789
Net book value
At 31 March 2024 12,265 3,580 3,240 2,025 21,110
At 31 March 2023 12,870 4,211 1,465 2,700 21,246
 
 
 
 
 
 
 
 
 
 
 
Page 11
Rodina Foods Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2024
5. Stocks 2024 2,023
Finished goods 141,565 201,011
Total 141,565 201,011
6. Debtors 2024 2,023
Trade debtors 35,092 20,638
Prepayments and accrued income 89,697 18,120
_________ _____
Total 124,789 38,758
7. Creditors amounts falling due within one year 2024 2,023
Trade creditors 9,191 7,368
Corporation tax 13,242 24,035
Other taxation and social security 14,056 6,365
Accruals and deferred income 17,550 5,759
________ _____
Total 54,039 43,527
8. Creditors amounts falling due after more than one year 2024 2,023
Bank loans 23,274 30,285
________ _____
Total 23,274 30,285
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
Rodina Foods Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2024
9. Share capital 2024 2,023
Allotted, called up and paid £ £
_ _
Total
10. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 April 2023 195,203
Profit/(Loss) for year 50,948
Dividends paid 30,000
_________
Retained Profit/(Loss) at 31 March 2024 216,151
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 13