United Food Brands Ltd,Ltd - AccountsLtd - Accounts

United Food Brands Ltd,Ltd - AccountsLtd - Accounts

UNITED FOOD BRANDS LTD - Company Information

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2019-01-01 04649369 2019-12-31 04649369 2019-01-01 2019-12-31 04649369 2018-12-31 04649369 2018-01-01 2018-12-31 04649369 uk-core:WithinOneYear 2018-12-31 04649369 uk-core:WithinOneYear 2019-12-31 04649369 uk-core:AfterOneYear 2018-12-31 04649369 uk-core:AfterOneYear 2019-12-31 04649369 uk-core:ShareCapital 2019-12-31 04649369 uk-core:ShareCapital 2018-12-31 04649369 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 04649369 uk-core:RetainedEarningsAccumulatedLosses 2018-12-31 04649369 uk-bus:Director1 2019-01-01 2019-12-31 04649369 uk-core:PlantMachinery 2019-01-01 2019-12-31 04649369 uk-core:ComputerEquipment 2019-01-01 2019-12-31 04649369 uk-core:FurnitureFittings 2019-01-01 2019-12-31 04649369 uk-core:ComputerEquipment 2018-12-31 04649369 uk-core:FurnitureFittings 2018-12-31 04649369 uk-core:PlantMachinery 2018-12-31 04649369 uk-core:PlantMachinery 2019-12-31 04649369 uk-core:FurnitureFittings 2019-12-31 04649369 uk-core:ComputerEquipment 2019-12-31 04649369 uk-core:WithinOneYear 2019-12-31 04649369 uk-core:WithinOneYear 2018-12-31 04649369 uk-core:AfterOneYear uk-core:Secured 2019-12-31 04649369 uk-core:AfterOneYear uk-core:Secured 2018-12-31 04649369 3 uk-bus:Director1 2019-01-01 2019-12-31 04649369 3 uk-bus:Director1 2019-12-31 04649369 3 uk-bus:Director1 2018-12-31 04649369 uk-core:BetweenTwoFiveYears 2018-12-31 04649369 uk-core:BetweenTwoFiveYears 2019-12-31 iso4217:GBP xbrli:pure 04649369 uk-bus:AuditExemptWithAccountantsReport 2019-01-01 2019-12-31 04649369 uk-bus:FRS102 2019-01-01 2019-12-31 04649369 uk-bus:FullAccounts 2019-01-01 2019-12-31 04649369 uk-bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31
United Food Brands Ltd
Registered Number:04649369
For the year ended 31 December 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2019
United Food Brands Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 December 2019
United Food Brands Ltd
Statement of Financial Position
Registered Number :
04649369
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
15,136
15,430
2
15,136
15,430
Current assets
Inventories
214,441
85,310
3
Trade and other receivables
580,371
581,461
4
245,678
Cash and cash equivalents
530,529
1,197,300
1,040,490
Trade and other payables: amounts falling due within one
year
(755,998)
(691,636)
5
284,492
505,664
Net current assets
Total assets less current liabilities
520,800
299,922
Trade and other payables: amounts falling due after more
than one year
(3,570)
-
6
520,800
Net assets
296,352
Capital and reserves
Called up share capital
10,000
10,000
Retained earnings
510,800
286,352
520,800
296,352
Shareholders' funds
For the year ended 31 December 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Christopher Kimberley Reeves Director
These financial statements were approved and authorised for issue by the Board on 28 February 2020 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2019
United Food Brands Ltd
Notes to the Financial Statements
Statutory Information
United Food Brands Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04649369.
Registered address:
22 York Crescent
Aldershot
Hants
GU11 3JN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
20% Straight line
Computer Equipment
20% Straight line
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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5
For the year ended 31 December 2019
United Food Brands Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 January 2019
32,030
16,435
3,333
12,262
5,018
-
-
5,018
Additions
(10,496)
-
-
Disposals
(10,496)
At 31 December 2019
17,280
3,333
5,939
26,552
Provision for depreciation and impairment
At 01 January 2019
16,600
11,997
667
3,936
Charge for year
5,312
1,188
667
3,457
(10,496)
(10,496)
-
-
On disposal
At 31 December 2019
11,416
2,689
1,334
7,393
At 31 December 2019
Net book value
9,887
1,999
3,250
15,136
At 31 December 2018
8,326
2,666
4,438
15,430
3. Inventories
2018
2019
£
£
Stocks
85,310
214,441
4. Trade and other receivables
2018
2019
£
£
Trade debtors
531,074
510,121
Prepayments and accrued income
-
27,737
Taxation and social security
23,326
15,452
Other debtors
27,061
27,061
580,371
581,461
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6
For the year ended 31 December 2019
United Food Brands Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Bank loans and overdraft
-
6,732
Trade creditors
393,379
493,780
Taxation and social security
69,947
34,210
Accruals and deferred income
24,286
14,230
Directors' loan accounts
203,920
206,987
Other creditors
104
59
691,636
755,998
6. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
Bank loans and overdraft
-
3,570
7. Directors advances and guarantees
At 01/01/2019
At 31/12/2019
£
£
Mr Christopher Kimberley Reeves
Interest free and repayable on demand
12,307
12,307
12,307
12,307
8. Guarantees and other financial commitments
Lease commitments
At 31 December 2019 the company had annual commitments under non-cancellable operating leases as set out
below:
2018
£
2019
£
Operating leases which expire:
16,000
16,000
Within 2 to 5 years
16,000
16,000
The total financial lease commitment of the company until expiry in September 2021 is £28,000 (2018 £44,000).
9. Average number of persons employed
During the year the average number of employees was 4 (2018 : 4)
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