8 7 The Lindum Snack Company Limited 02636769 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the packing of food products. Digita Accounts Production Advanced 6.30.9574.0 true true 02636769 2023-07-01 2024-06-30 02636769 2024-06-30 02636769 bus:OrdinaryShareClass1 2024-06-30 02636769 core:CurrentFinancialInstruments 2024-06-30 02636769 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 02636769 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 02636769 core:FurnitureFittingsToolsEquipment 2024-06-30 02636769 core:OtherPropertyPlantEquipment 2024-06-30 02636769 bus:SmallEntities 2023-07-01 2024-06-30 02636769 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 02636769 bus:FilletedAccounts 2023-07-01 2024-06-30 02636769 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02636769 bus:RegisteredOffice 2023-07-01 2024-06-30 02636769 bus:CompanySecretary1 2023-07-01 2024-06-30 02636769 bus:Director2 2023-07-01 2024-06-30 02636769 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 02636769 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02636769 core:FurnitureFittings 2023-07-01 2024-06-30 02636769 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 02636769 core:OfficeEquipment 2023-07-01 2024-06-30 02636769 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 02636769 core:PlantMachinery 2023-07-01 2024-06-30 02636769 1 2023-07-01 2024-06-30 02636769 countries:England 2023-07-01 2024-06-30 02636769 2023-06-30 02636769 core:FurnitureFittingsToolsEquipment 2023-06-30 02636769 core:OtherPropertyPlantEquipment 2023-06-30 02636769 2022-07-01 2023-06-30 02636769 2023-06-30 02636769 bus:OrdinaryShareClass1 2023-06-30 02636769 core:CurrentFinancialInstruments 2023-06-30 02636769 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 02636769 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 02636769 core:FurnitureFittingsToolsEquipment 2023-06-30 02636769 core:OtherPropertyPlantEquipment 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 02636769

The Lindum Snack Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

The Lindum Snack Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Lindum Snack Company Limited

Company Information

Director

Mr Kamran Farooq

Company secretary

Mr Kanwarbir Sawhney

Registered office

Unit 10 Culwell Trading Estate
Hobgate Road
Wolverhampton
WV10 0PG

 

The Lindum Snack Company Limited

(Registration number: 02636769)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,277

11,390

Current assets

 

Stocks

5

79,791

71,429

Debtors

6

446,167

418,422

Cash at bank and in hand

 

60,277

36,973

 

586,235

526,824

Creditors: Amounts falling due within one year

7

(277,174)

(240,698)

Net current assets

 

309,061

286,126

Total assets less current liabilities

 

314,338

297,516

Creditors: Amounts falling due after more than one year

7

(174,801)

(174,560)

Provisions for liabilities

9,124

9,124

Net assets

 

148,661

132,080

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

148,659

132,078

Shareholders' funds

 

148,661

132,080

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 March 2025
 

.........................................
Mr Kamran Farooq
Director

 

The Lindum Snack Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 10 Culwell Trading Estate
Hobgate Road
Wolverhampton
WV10 0PG
England

The principal place of business is:
Unit 10 Cowbridge Business Park
Boston
PE22 7DJ
England

These financial statements were authorised for issue by the director on 14 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

The Lindum Snack Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% - straight line

Office equipment

over 3 years

Furniture and fittings

30% - straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

The Lindum Snack Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2023 - 7).

 

The Lindum Snack Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

27,245

252,595

279,840

At 30 June 2024

27,245

252,595

279,840

Depreciation

At 1 July 2023

27,245

241,205

268,450

Charge for the year

-

6,113

6,113

At 30 June 2024

27,245

247,318

274,563

Carrying amount

At 30 June 2024

-

5,277

5,277

At 30 June 2023

-

11,390

11,390

5

Stocks

2024
£

2023
£

Other inventories

79,791

71,429

6

Debtors

Current

2024
£

2023
£

Trade debtors

439,353

403,495

Prepayments

2,872

10,984

Other debtors

3,942

3,943

 

446,167

418,422

7

Creditors

Creditors: amounts falling due within one year

 

The Lindum Snack Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2024
£

2023
£

Due within one year

Trade creditors

247,425

211,029

Taxation and social security

(16,216)

(8,194)

Accruals and deferred income

5,900

2,000

Other creditors

40,065

35,863

277,174

240,698

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

174,801

174,560

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

9

Parent and ultimate parent undertaking

The company's immediate parent is Snack Factory Limited, incorporated in England.