Living Fermented Probiotic Foods Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10779072 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Living Fermented Probiotic Foods Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss N I A Stransky

REGISTERED OFFICE:

The Urban Fermentery Unit 2

Bacton Business Park

Rectory Road, Bacton

Stowmarket

Suffolk

IP14 4LE

REGISTERED NUMBER:

10779072 (England and Wales)

FIXED ASSETS

Tangible assets

5

124,174

66,808

CURRENT ASSETS

Stocks

31,084

-

Debtors

6

29,556

25,735

Cash at bank

11

-

60,651

25,735

CREDITORS

Amounts falling due within one year

7

590,263

344,919

NET CURRENT LIABILITIES

(529,612

)

(319,184

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(405,438

)

(252,376

)

CREDITORS

Amounts falling due after more than one
year

8

-

34,871

NET LIABILITIES

(405,438

)

(287,247

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(405,439

)

(287,248

)

(405,438

)

(287,247

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 6 January 2026 and were signed by:

Miss N I A Stransky - Director

1.	STATUTORY INFORMATION

Living Fermented Probiotic Foods Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

73,657

Additions

91,586

Disposals

(5,790

)

At 31 May 2025

159,453

DEPRECIATION

At 1 June 2024

6,849

Charge for year

28,749

Eliminated on disposal

(319

)

At 31 May 2025

35,279

NET BOOK VALUE

At 31 May 2025

124,174

At 31 May 2024

66,808

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

821

Other debtors

29,556

24,914

29,556

25,735

Other debtors consists of VAT of £12,056 (2024 - £6,982), Prepayments of £nil (2024 - £432), and rent deposits of £17,500 (2024 - £17,500).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

39,163

4,523

Taxation and social security

3,935

5,773

Other creditors

547,165

334,623

590,263

344,919

Other creditors consists of accruals of £2,557 (2024 - £nil), directors' loan account of £522,608 (2024 - £334,623) and other loans of £22,000 (2024 - £nil).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

-

34,871

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

34,896

Between one and five years

145,400

180,296

215,192

10.	GOING CONCERN

The Company incurred a loss for the year and as at the year end has, as disclosed on the balance sheet, net liabilities. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive sufficient financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.