Company Registration No. 08578438 (England and Wales)
Elixir Foods Limited
Unaudited accounts
for the year ended 31 December 2024
Elixir Foods Limited
Unaudited accounts
Contents
Elixir Foods Limited
Company Information
for the year ended 31 December 2024
Directors
M A Bignall
N Pattison
Company Number
08578438 (England and Wales)
Registered Office
52 Huntly Grove
PETERBOROUGH
CAMBRIDGESHIRE
PE1 2QN
ENGLAND
Accountants
Joanna Taylor
Chartered Accountant
52 Huntly Grove
Peterborough
Cambridgeshire
PE1 2QN
Elixir Foods Limited
Statement of financial position
as at 31 December 2024
Inventories
150,050
166,400
Cash at bank and in hand
11,402
36,806
Creditors: amounts falling due within one year
(21,220)
(89,993)
Net current assets
179,427
171,808
Total assets less current liabilities
179,427
171,808
Creditors: amounts falling due after more than one year
(631,870)
(652,378)
Net liabilities
(452,443)
(480,570)
Called up share capital
371
371
Share premium
4,295,630
4,295,630
Profit and loss account
(4,748,444)
(4,776,571)
Shareholders' funds
(452,443)
(480,570)
For the year ending 31 December 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 16 April 2025 and were signed on its behalf by
N Pattison
Director
Company Registration No. 08578438
Elixir Foods Limited
Notes to the Accounts
for the year ended 31 December 2024
Elixir Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 08578438. The registered office is 52 Huntly Grove, PETERBOROUGH, CAMBRIDGESHIRE, PE1 2QN, 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 are presented in £ sterling.
Basis of preparation of the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the provision of Section 1A ''Small Entities'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
At 31 December 2024 the company's liabilities exceeded its assets by £452,443 (2023: £480,570). At 31 December 2024 the company owed its main shareholders £616,870 (2023: £627,378). The main shareholder has agreed that this is mainly an interest-free loan and that they will not withdraw this amount ahead of other creditors. The company is dependent upon the support of the shareholders to continue trading and the shareholders have indicated that they intend to continue that support. The interest is charged on one of the loans as per the signed agreement with the main shareholder.
Elixir Foods Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
38,768
57,852
Accrued income and prepayments
427
743
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
10,610
88,590
Taxes and social security
278
278
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
616,870
627,378
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Average number of employees
During the year the average number of employees was 1 (2023: 1).