REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2022 |
for |
Organic Warehouse (Chelsea) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2022 |
for |
Organic Warehouse (Chelsea) Limited |
Organic Warehouse (Chelsea) Limited (Registered number: 03859345) |
Contents of the Financial Statements |
for the Year Ended 31 October 2022 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
Organic Warehouse (Chelsea) Limited |
Company Information |
for the Year Ended 31 October 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Scottish Provident House |
76-80 College Road |
Harrow |
Middlesex |
HA1 1BQ |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Organic Warehouse (Chelsea) Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Organic Warehouse (Chelsea) Limited for the year ended 31 October 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Organic Warehouse (Chelsea) Limited in accordance with the terms of our engagement letter dated 31 March 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Organic Warehouse (Chelsea) Limited and state those matters that we have agreed to state to the director of Organic Warehouse (Chelsea) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Organic Warehouse (Chelsea) Limited and its director for our work or for this report. |
It is your duty to ensure that Organic Warehouse (Chelsea) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Organic Warehouse (Chelsea) Limited. You consider that Organic Warehouse (Chelsea) Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Organic Warehouse (Chelsea) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Scottish Provident House |
76-80 College Road |
Harrow |
Middlesex |
HA1 1BQ |
Organic Warehouse (Chelsea) Limited (Registered number: 03859345) |
Balance Sheet |
31 October 2022 |
2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
Organic Warehouse (Chelsea) Limited (Registered number: 03859345) |
Balance Sheet - continued |
31 October 2022 |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Organic Warehouse (Chelsea) Limited (Registered number: 03859345) |
Notes to the Financial Statements |
for the Year Ended 31 October 2022 |
1. | STATUTORY INFORMATION |
Organic Warehouse (Chelsea) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the till reports, net of value added tax, of goods sold to customers during the year. |
Tangible fixed assets |
Short leasehold | - |
Plant and machinery | - |
Motor vehicles | - |
Stocks |
Stock is valued at a lower of cost and net realisable value. |
Going concern |
Management have carefully considered the impact of covid-19. There are now positive signs of recovery in the UK due to easing of lockdown measures and full opening of the businesses. |
After making enquiries and careful consideration of the impact of Covid-19 on the business, the directors have formed a judgement at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in its operational existence for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | Plant and | and | Motor |
leasehold | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 November 2021 |
Additions |
At 31 October 2022 |
DEPRECIATION |
At 1 November 2021 |
Charge for year |
At 31 October 2022 |
NET BOOK VALUE |
At 31 October 2022 |
At 31 October 2021 |
Organic Warehouse (Chelsea) Limited (Registered number: 03859345) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by associates |
Other debtors |
VAT |
Deferred tax asset |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts (see note 8) |
Trade creditors |
Meralis | 16,973 | 12,773 |
Tax |
Social security and other taxes |
Directors' current accounts | 173,622 | 75,617 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans (see note 8) |
8. | LOANS |
An analysis of the maturity of loans is given below: |
2022 | 2021 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
Bank loans |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
9. | DEFERRED TAX |
£ |
Balance at 1 November 2021 | ( |
) |
Balance at 31 October 2022 | ( |
) |
Organic Warehouse (Chelsea) Limited (Registered number: 03859345) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2022 |
10. | RELATED PARTY DISCLOSURES |
Other creditors include an amount of £173,622 (2021: £75,617 ) payable to Mr. M R Sharifi- Nia, director of the company. This is an interest free loan provided to the company |
Other debtors include an amount of £123,105 (2021: £123,105) receivable from Slebech Park Limited. This is an interest free loan and repayable on demand by slebech park. |
Both Organic Warehouse Ltd and Slebech Park Ltd are controlled by Mr. M R Sharifi - Nia. |
11. | ULTIMATE CONTROLLING PARTY |
The company was controlled throughout the year by Mr M R Sharifi-Nia by virtue of holding the majority of the issued share capital of the company. |