Registered number
09552908
International Foods Leeds Limited
Filleted Accounts
30 April 2025
International Foods Leeds Limited
Registered number: 09552908
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 15,990 23,289
Current assets
Stocks 52,778 52,778
Debtors 4 6,973 -
Cash at bank and in hand 46,257 54,078
106,008 106,856
Creditors: amounts falling due within one year 5 (48,086) (63,739)
Net current assets 57,922 43,117
Total assets less current liabilities 73,912 66,406
Creditors: amounts falling due after more than one year 6 (42,814) (52,623)
Net assets 31,098 13,783
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,998 13,683
Shareholders' funds 31,098 13,783
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Zubair Ahmed
Director
Approved by the board on 29 May 2025
International Foods Leeds Limited
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 13 17
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2024 18,700 45,996 64,696
At 30 April 2025 18,700 45,996 64,696
Depreciation
At 1 May 2024 18,700 22,707 41,407
Charge for the year - 7,299 7,299
At 30 April 2025 18,700 30,006 48,706
Net book value
At 30 April 2025 - 15,990 15,990
At 30 April 2024 - 23,289 23,289
4 Debtors 2025 2024
£ £
Trade debtors 6,973 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 5,301 13,282
Taxation and social security costs 8,882 (640)
Other creditors 33,903 51,097
48,086 63,739
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 32,502 37,892
Obligations under finance lease and hire purchase contracts 10,312 14,731
42,814 52,623
7 Other information
International Foods Leeds Limited is a private company limited by shares and incorporated in England. Its registered office is:
166 Harehills Lane
Leeds
West Yorkshire
LS8 5JP
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