Company Registration No. 11740187 (England and Wales)
Golden Leaf Pan and Food Ltd
Unaudited accounts
for the year ended 31 December 2023
Golden Leaf Pan and Food Ltd
Unaudited accounts
Contents
Golden Leaf Pan and Food Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
4,385
5,671
Creditors: amounts falling due within one year
(14,966)
(17,468)
Net current assets
154
1,438
Called up share capital
1
1
Profit and loss account
912
3,238
Shareholders' funds
913
3,239
For the year ending 31 December 2023 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 26 December 2024 and were signed on its behalf by
G M Yunusbhai
Director
Company Registration No. 11740187
Golden Leaf Pan and Food Ltd
Notes to the Accounts
for the year ended 31 December 2023
Golden Leaf Pan and Food Ltd is a private company, limited by shares, registered in England and Wales, registration number 11740187. The registered office is 5-8 DOMINIAN PARADE, STATION ROAD, HARROW, HA1 2TR, 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.
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.
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
over 3 years
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.
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.
Golden Leaf Pan and Food Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
4,655
4,424
Taxes and social security
-
439
Loans from directors
9,072
11,390
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).