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Registered number: 03604318
Mysuperfoods Limited
Financial Statements
For The Year Ended 31 July 2024
Accounts Unlocked Limited
Office 43, The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 03604318
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,409 29,631
25,409 29,631
CURRENT ASSETS
Stocks 5 35,778 27,248
Debtors 6 6,980 14,314
Cash at bank and in hand - 18,462
42,758 60,024
Creditors: Amounts Falling Due Within One Year 7 (389,141 ) (308,081 )
NET CURRENT ASSETS (LIABILITIES) (346,383 ) (248,057 )
TOTAL ASSETS LESS CURRENT LIABILITIES (320,974 ) (218,426 )
Creditors: Amounts Falling Due After More Than One Year 8 (66,449 ) (65,133 )
NET LIABILITIES (387,423 ) (283,559 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement (387,424 ) (283,560 )
SHAREHOLDERS' FUNDS (387,423) (283,559)
Page 1
Page 2
For the year ending 31 July 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 Income Statement.
On behalf of the board
Mr G R Angus
Director
10 March 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
Mysuperfoods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03604318 . The registered office is 73b High Street, Bridge, Canterbury, Kent, CT4 5LB.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 25% reducing balance basis
Fixtures & Fittings 20% reducing balance basis
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 26,128 28,624 54,752
Additions 2,530 - 2,530
As at 31 July 2024 28,658 28,624 57,282
Depreciation
As at 1 August 2023 15,599 9,522 25,121
Provided during the period 2,932 3,820 6,752
As at 31 July 2024 18,531 13,342 31,873
Net Book Value
As at 31 July 2024 10,127 15,282 25,409
As at 1 August 2023 10,529 19,102 29,631
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 35,778 27,248
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,479 5,413
Other debtors 2,501 8,901
6,980 14,314
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,284 -
Bank loans and overdrafts 38,823 41,115
Other creditors 303,018 264,437
Taxation and social security 12,016 2,529
389,141 308,081
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 66,449 65,133
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4