Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 09055135 Mr P Tharmalingam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09055135 2023-06-30 09055135 2024-06-30 09055135 2023-07-01 2024-06-30 09055135 frs-core:CurrentFinancialInstruments 2024-06-30 09055135 frs-core:Non-currentFinancialInstruments 2024-06-30 09055135 frs-core:ComputerEquipment 2024-06-30 09055135 frs-core:ComputerEquipment 2023-07-01 2024-06-30 09055135 frs-core:ComputerEquipment 2023-06-30 09055135 frs-core:FurnitureFittings 2024-06-30 09055135 frs-core:FurnitureFittings 2023-07-01 2024-06-30 09055135 frs-core:FurnitureFittings 2023-06-30 09055135 frs-core:MotorVehicles 2024-06-30 09055135 frs-core:MotorVehicles 2023-07-01 2024-06-30 09055135 frs-core:MotorVehicles 2023-06-30 09055135 frs-core:ShareCapital 2024-06-30 09055135 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 09055135 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09055135 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 09055135 frs-bus:SmallEntities 2023-07-01 2024-06-30 09055135 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09055135 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09055135 frs-bus:Director1 2023-07-01 2024-06-30 09055135 frs-countries:EnglandWales 2023-07-01 2024-06-30 09055135 2022-06-30 09055135 2023-06-30 09055135 2022-07-01 2023-06-30 09055135 frs-core:CurrentFinancialInstruments 2023-06-30 09055135 frs-core:Non-currentFinancialInstruments 2023-06-30 09055135 frs-core:ShareCapital 2023-06-30 09055135 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 09055135
L & D Foods (Finchley) Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Greenwood & Co Limited
Chartered Certified Accountants
41 Derwent Gardens
Redbridge
Ilford
Essex
IG4 5NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09055135
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,264 3,208
2,264 3,208
CURRENT ASSETS
Stocks 5 26,000 28,109
Debtors 6 - 3,335
Cash at bank and in hand 114,032 124,888
140,032 156,332
Creditors: Amounts Falling Due Within One Year 7 (52,800 ) (52,422 )
NET CURRENT ASSETS (LIABILITIES) 87,232 103,910
TOTAL ASSETS LESS CURRENT LIABILITIES 89,496 107,118
Creditors: Amounts Falling Due After More Than One Year 8 (10,507 ) (20,761 )
NET ASSETS 78,989 86,357
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 78,889 86,257
SHAREHOLDERS' FUNDS 78,989 86,357
Page 1
Page 2
For the 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.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P Tharmalingam
Director
14/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
L & D Foods (Finchley) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09055135 . The registered office is 41 Stradbroke Grove, Ilford, IG5 0DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represent sales made in the year, excluding value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 2,000 15,181 567 17,748
As at 30 June 2024 2,000 15,181 567 17,748
Depreciation
As at 1 July 2023 500 13,662 378 14,540
Provided during the period 375 380 189 944
As at 30 June 2024 875 14,042 567 15,484
Net Book Value
As at 30 June 2024 1,125 1,139 - 2,264
As at 1 July 2023 1,500 1,519 189 3,208
5. Stocks
2024 2023
£ £
Stock 26,000 28,109
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 3,335
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,254 12,166
Bank loans and overdrafts 10,250 9,994
Other creditors 26,686 28,098
Taxation and social security 5,610 2,164
52,800 52,422
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,507 20,761
Page 4