| Chinuch Food Supplies Ltd |
| Accountants' Report |
|
|
| Accountants' report to the director of |
| Chinuch Food Supplies Ltd |
|
| You consider that the company is exempt from an audit for the year ended 30 June 2019. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| B Olsberg & Co |
| Chartered Accountants |
|
| Enterprise House |
| 3 Middleton Rd |
| Manchester |
| M8 5DT |
|
| 11 October 2019 |
|
| Chinuch Food Supplies Ltd |
| Registered number: |
06295548 |
| Balance Sheet |
| as at 30 June 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
21,590 |
|
|
15,358 |
| Debtors |
2 |
|
10,194 |
|
|
10,921 |
| Cash at bank and in hand |
|
|
- |
|
|
7,253 |
|
|
|
31,784 |
|
|
33,532 |
|
| Creditors: amounts falling due within one year |
3 |
|
(33,839) |
|
|
(37,795) |
|
| Net current liabilities |
|
|
|
(2,055) |
|
|
(4,263) |
|
| Net liabilities |
|
|
|
(2,055) |
|
|
(4,263) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(2,057) |
|
|
(4,265) |
|
| Shareholders' funds |
|
|
|
(2,055) |
|
|
(4,263) |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges his 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. |
|
|
|
|
| H Lieberman |
| Director |
| Approved by the board on 11 October 2019 |
|
| Chinuch Food Supplies Ltd |
| Notes to the Accounts |
| for the year ended 30 June 2019 |
|
|
| 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). |
|
|
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. |
|
|
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. |
|
|
| 2 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
10,087 |
|
10,905 |
|
Other debtors |
107 |
|
16 |
|
|
|
|
|
|
10,194 |
|
10,921 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Bank loans and overdrafts |
232 |
|
- |
|
Trade creditors |
14,158 |
|
- |
|
Taxation and social security costs |
814 |
|
- |
|
Other creditors |
18,635 |
|
37,795 |
|
|
|
|
|
|
33,839 |
|
37,795 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Other information |
|
|
Chinuch Food Supplies Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
c/o B Olsberg & Co |
|
Room 9 Enterprise House |
|
3 Middleton Rd |
|
Manchester |
|
M8 5 DT |
