Registered number
11971502
AA Foods Essex Limited
Filleted Accounts
30 April 2024
AA Foods Essex Limited
Registered number: 11971502
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 91,154
Tangible assets 4 - 28,950
- 120,104
Current assets
Stocks - 6,250
Debtors 5 4,483 12,063
Cash at bank and in hand 258,625 28,170
263,108 46,483
Creditors: amounts falling due within one year 6 (168,208) (192,876)
Net current assets/(liabilities) 94,900 (146,393)
Net assets/(liabilities) 94,900 (26,289)
Capital and reserves
Called up share capital 100 100
Profit and loss account 94,800 (26,389)
Shareholders' funds 94,900 (26,289)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Mehta
Director
Approved by the board on 30 January 2025
AA Foods Essex Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings over 5 years
Fixtures, fittings and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 151,926
Disposals (151,926)
At 30 April 2024 -
Amortisation
At 1 May 2023 60,772
On disposals (60,772)
At 30 April 2024 -
Net book value
At 30 April 2024 -
At 30 April 2023 91,154
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 May 2023 401 120,806 121,207
Disposals (401) (119,182) (119,583)
At 30 April 2024 - 1,624 1,624
Depreciation
At 1 May 2023 320 91,937 92,257
Charge for the year - 323 323
On disposals (320) (90,636) (90,956)
At 30 April 2024 - 1,624 1,624
Net book value
At 30 April 2024 - - -
At 30 April 2023 81 28,869 28,950
5 Debtors 2024 2023
£ £
Deferred tax asset - 3,688
Other debtors 4,483 8,375
4,483 12,063
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,785 11,785
Taxation and social security costs - 5,962
Other creditors 162,423 175,129
168,208 192,876
7 Other information
AA Foods Essex Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Broad Street
Eye
Suffolk
IP23 7AF
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