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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
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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
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Elixir Foods Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
150,050 
166,400 
Debtors
39,195 
58,595 
Cash at bank and in hand
11,402 
36,806 
200,647 
261,801 
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)
Capital and reserves
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
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Elixir Foods Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
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.
Presentation currency
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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Stocks
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 taxation
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.
Pension costs
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.
Going concern
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.
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Elixir Foods Limited Notes to the Accounts for the year ended 31 December 2024
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,768 
57,852 
Accrued income and prepayments
427 
743 
39,195 
58,595 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
332 
1,125 
Trade creditors
10,610 
88,590 
Taxes and social security
278 
278 
Other creditors
10,000 
- 
21,220 
89,993 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,000 
25,000 
Other creditors
616,870 
627,378 
631,870 
652,378 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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