| Precious Foods Company Ltd |
| Registered number: |
08396232 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
8,011 |
|
|
8,011 |
|
| Creditors: amounts falling due within one year |
4 |
|
(31,075) |
|
|
(31,075) |
|
| Net current liabilities |
|
|
|
(23,064) |
|
|
(23,064) |
|
| Net liabilities |
|
|
|
(23,064) |
|
|
(23,064) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
3 |
|
|
3 |
| Profit and loss account |
|
|
|
(23,067) |
|
|
(23,067) |
|
| Shareholders' funds |
|
|
|
(23,064) |
|
|
(23,064) |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| K. Maricar |
| Director |
| Approved by the board on 30 December 2025 |
|
| Precious Foods Company Ltd |
| Notes to the Accounts |
| for the year ended 31 March 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
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: |
|
|
Plant and machinery |
over 5 years |
|
Motor vehicles |
- |
20% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
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 not recognised in the accounts. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
8,011 |
|
8,011 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Directors' account |
31,075 |
|
31,075 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
|
At the reporting date, the company owed £31,075 (2024: £31,075) to the directors who are also the shareholders of the company. The loan is unsecured, interest free and repayable on demand. The directors have undertaken not to demand repayment of any amounts owing to them until such time as the company's finances allow. |
|
|
|
| 6 |
Controlling party |
|
|
The company is jointly controlled by H.Maricar and K.Maricar. |
|
|
| 7 |
Other information |
|
Precious Foods Company Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
4 Hayes Barton |
|
Woking |
|
Surrey |
|
GU22 8NH |