Company Registration No. 14880916 (England and Wales)
Korker Foods Limited
Unaudited accounts
for the year ended 31 May 2024
Korker Foods Limited
Unaudited accounts
Contents
Korker Foods Limited
Company Information
for the year ended 31 May 2024
Company Number
14880916 (England and Wales)
Registered Office
17 Gainsboro Gardens
Greenford
Middlesex
UB6 0JG
England
Accountants
Utopians Accountants
49 Highview
Pinner
Middlesex
HA5 3PE
Korker Foods Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
10,219
Creditors: amounts falling due within one year
(6,448)
Total assets less current liabilities
18,098
Creditors: amounts falling due after more than one year
(16,690)
Called up share capital
1,000
Profit and loss account
408
For the year ending 31 May 2024 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 3 February 2025 and were signed on its behalf by
Xiaoping Huang
Director
Company Registration No. 14880916
Korker Foods Limited
Notes to the Accounts
for the year ended 31 May 2024
Korker Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 14880916. The registered office is 17 Gainsboro Gardens, Greenford, Middlesex, UB6 0JG, England.
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
10% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Computer equipment
20% Reducing Balance
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.
Korker Foods Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
Additions
5,000
4,000
3,000
800
12,800
At 31 May 2024
5,000
4,000
3,000
800
12,800
Charge for the year
165
135
100
55
455
At 31 May 2024
165
135
100
55
455
At 31 May 2024
4,835
3,865
2,900
745
12,345
Amounts falling due within one year
Accrued income and prepayments
57
6
Creditors: amounts falling due within one year
2024
Taxes and social security
100
7
Creditors: amounts falling due after more than one year
2024
Loans from directors
16,690
8
Average number of employees
During the year the average number of employees was 2.