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Company Registration No. 02982994 (England and Wales)
Milagrosa Foods and Grains Company Limited Unaudited accounts for the year ended 31 March 2024
Milagrosa Foods and Grains Company Limited Unaudited accounts Contents
Page
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Milagrosa Foods and Grains Company Limited Company Information for the year ended 31 March 2024
Directors
Romeo Ramos Lourdelyn Punzalan-Ramos
Company Number
02982994 (England and Wales)
Registered Office
70 WOOD STREET LONDON E17 3HT ENGLAND
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Milagrosa Foods and Grains Company Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,840 
2,840 
Tangible assets
260,420 
271,123 
263,260 
273,963 
Current assets
Debtors
11,230 
882 
Cash at bank and in hand
9,766 
16,912 
20,996 
17,794 
Creditors: amounts falling due within one year
(123,090)
(86,567)
Net current liabilities
(102,094)
(68,773)
Total assets less current liabilities
161,166 
205,190 
Creditors: amounts falling due after more than one year
(181,681)
(223,438)
Net liabilities
(20,515)
(18,248)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(20,715)
(18,448)
Shareholders' funds
(20,515)
(18,248)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by
Romeo Ramos Director Company Registration No. 02982994
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Milagrosa Foods and Grains Company Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Milagrosa Foods and Grains Company Limited is a private company, limited by shares, registered in England and Wales, registration number 02982994. The registered office is 70 WOOD STREET, LONDON, E17 3HT, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost. The company directors do not consider depreciation to be appropriate for these assets.
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:
Land & buildings
0%
Plant & machinery
18% reducing balance basis
Motor vehicles
18% reducing balance basis
Fixtures & fittings
18% reducing balance basis
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
2,840 
At 31 March 2024
2,840 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
2,840 
At 31 March 2023
2,840 
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Milagrosa Foods and Grains Company Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
216,222 
127,343 
151,245 
92,813 
587,623 
At 31 March 2024
216,222 
127,343 
151,245 
92,813 
587,623 
Depreciation
At 1 April 2023
- 
115,952 
135,116 
65,432 
316,500 
Charge for the year
- 
2,050 
2,903 
5,750 
10,703 
At 31 March 2024
- 
118,002 
138,019 
71,182 
327,203 
Net book value
At 31 March 2024
216,222 
9,341 
13,226 
21,631 
260,420 
At 31 March 2023
216,222 
11,391 
16,129 
27,381 
271,123 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
882 
Amounts due from group undertakings etc.
11,230 
- 
11,230 
882 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,403 
8,353 
VAT
1,029 
- 
Obligations under finance leases and hire purchase contracts
1,562 
4,962 
Trade creditors
- 
57,424 
Taxes and social security
- 
12,098 
Other creditors
8,598 
- 
Loans from directors
99,998 
- 
Accruals
1,500 
3,730 
123,090 
86,567 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
181,681 
223,438 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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