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Registered Number: 09468224
England and Wales

 

 

 

LONDON FOODS WHOLESALER LTD


Unaudited Filleted Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 25,954    34,606 
25,954    34,606 
Current assets      
Stocks 4 19,750    22,500 
Debtors: amounts falling due within one year 5 4,073    14,154 
Cash at bank and in hand 43,929    29,869 
67,752    66,523 
Creditors: amount falling due within one year 6 (43,137)   (26,623)
Net current assets 24,615    39,900 
 
Total assets less current liabilities 50,569    74,506 
Creditors: amount falling due after more than one year 7 (20,830)   (30,005)
Provisions for liabilities 8 (4,800)   (6,400)
Net assets 24,939    38,101 
 

Capital and reserves
     
Called up share capital 9 1,000    1,000 
Profit and loss account 23,939    37,101 
Shareholders' funds 24,939    38,101 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 02 January 2025 and were signed by:


-------------------------------
Amir Hayder Kawany
Director
1
General Information
London Foods Wholesaler Ltd is a private company, limited by shares, registered in England and Wales, registration number 09468224, registration address 12 Lowfield Street, Dartford, Kent, DA1 1HA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Stocks
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 7 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 April 2023 32,781    32,995    65,776 
Additions    
Disposals    
At 31 March 2024 32,781    32,995    65,776 
Depreciation
At 01 April 2023 15,533    15,637    31,170 
Charge for year 4,312    4,340    8,652 
On disposals    
At 31 March 2024 19,845    19,977    39,822 
Net book values
Closing balance as at 31 March 2024 12,936    13,018    25,954 
Opening balance as at 01 April 2023 17,248    17,358    34,606 


4.

Stocks

2024
£
  2023
£
Stocks 19,750    22,500 
19,750    22,500 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 2,625    2,625 
VAT 1,448    11,529 
4,073    14,154 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank Loans & Overdrafts 10,000    10,000 
Corporation Tax 2,024    1,100 
PAYE & Social Security 1,362    1,405 
Other Creditors 14,025    8,192 
Directors' Current Accounts 15,726    5,926 
43,137    26,623 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bounce Back Loan 20,830    30,005 
20,830    30,005 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 4,800    6,400 
4,800    6,400 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

2