Liquidchefs Investments Limited Filleted accounts for Companies House (small and micro)

LIQUIDCHEFS INVESTMENTS LTD - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2018-06-01 Sage Accounts Production Advanced 2018 Update 1 - FRS xbrli:pure xbrli:shares iso4217:GBP 06607259 2018-06-01 2019-05-31 06607259 2019-05-31 06607259 2018-05-31 06607259 2017-06-01 2018-05-31 06607259 2018-05-31 06607259 core:PlantMachinery 2018-06-01 2019-05-31 06607259 core:FurnitureFittings 2018-06-01 2019-05-31 06607259 core:MotorVehicles 2018-06-01 2019-05-31 06607259 bus:RegisteredOffice 2018-06-01 2019-05-31 06607259 bus:LeadAgentIfApplicable 2018-06-01 2019-05-31 06607259 bus:Director1 2018-06-01 2019-05-31 06607259 bus:Director4 2018-06-01 2019-05-31 06607259 core:PlantMachinery 2018-05-31 06607259 core:FurnitureFittings 2018-05-31 06607259 core:MotorVehicles 2018-05-31 06607259 core:PlantMachinery 2019-05-31 06607259 core:FurnitureFittings 2019-05-31 06607259 core:MotorVehicles 2019-05-31 06607259 core:WithinOneYear 2019-05-31 06607259 core:WithinOneYear 2018-05-31 06607259 core:AfterOneYear 2018-05-31 06607259 core:ShareCapital 2019-05-31 06607259 core:ShareCapital 2018-05-31 06607259 core:RetainedEarningsAccumulatedLosses 2019-05-31 06607259 core:RetainedEarningsAccumulatedLosses 2018-05-31 06607259 core:PlantMachinery 2018-05-31 06607259 core:FurnitureFittings 2018-05-31 06607259 core:MotorVehicles 2018-05-31 06607259 bus:SmallEntities 2018-06-01 2019-05-31 06607259 bus:AuditExemptWithAccountantsReport 2018-06-01 2019-05-31 06607259 bus:FullAccounts 2018-06-01 2019-05-31 06607259 bus:SmallCompaniesRegimeForAccounts 2018-06-01 2019-05-31 06607259 bus:PrivateLimitedCompanyLtd 2018-06-01 2019-05-31 06607259 core:ComputerEquipment 2018-06-01 2019-05-31 06607259 core:ComputerEquipment 2018-05-31 06607259 core:ComputerEquipment 2019-05-31 06607259 core:AfterOneYear 2018-06-01 2019-05-31

COMPANY REGISTRATION NUMBER: 06607259

Liquidchefs Investments Limited

Filleted Unaudited Financial Statements

31 May 2019

Liquidchefs Investments Limited

Financial Statements

Year ended 31 May 2019

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Liquidchefs Investments Limited

Officers and Professional Advisers

The board of directors	A M Solomon
	B E Shaw

Registered office	Unit 7 Industrial Estate
	Mill Hill Industrial Estate
	Flower Lane
	London
	NW7 2HU

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Liquidchefs Investments Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Liquidchefs Investments Limited

Year ended 31 May 2019

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 May 2019, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Liquidchefs Investments Limited

Statement of Financial Position

31 May 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	5		53,260	26,067

Current assets

Stocks		116,754	93,370
Debtors	6	482,198	380,222
Cash at bank and in hand		145,668	158,804
		---------	---------
		744,620	632,396

Creditors: amounts falling due within one year	7	601,104		405,988
		---------		---------
Net current assets			143,516	226,408
			---------	---------
Total assets less current liabilities			196,776	252,475

Creditors: amounts falling due after more than one year	8	–	85,729
		---------	---------
Net assets		196,776	166,746
		---------	---------

Capital and reserves

Called up share capital	100,000	100,000
Profit and loss account	96,776	66,746
	---------	---------
Shareholders funds	196,776	166,746
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Liquidchefs Investments Limited

Statement of Financial Position (continued)

31 May 2019

These financial statements were approved by the board of directors and authorised for issue on 29 May 2020 , and are signed on behalf of the board by:

A M Solomon

Director

Company registration number: 06607259

Liquidchefs Investments Limited

Notes to the Financial Statements

Year ended 31 May 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7 Industrial Estate, Mill Hill Industrial Estate, Flower Lane, London, NW7 2HU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements .

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Transportable bar	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 44 (2018: 30 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 June 2018	39,030	15,489	38,275	27,553	120,347
Additions	1,354	16,172	14,800	5,707	38,033
	--------	--------	--------	--------	---------
At 31 May 2019	40,384	31,661	53,075	33,260	158,380
	--------	--------	--------	--------	---------
Depreciation
At 1 June 2018	35,688	8,997	32,374	17,221	94,280
Charge for the year	920	2,572	4,250	3,098	10,840
	--------	--------	--------	--------	---------
At 31 May 2019	36,608	11,569	36,624	20,319	105,120
	--------	--------	--------	--------	---------
Carrying amount
At 31 May 2019	3,776	20,092	16,451	12,941	53,260
	--------	--------	--------	--------	---------
At 31 May 2018	3,342	6,492	5,901	10,332	26,067
	--------	--------	--------	--------	---------

6. Debtors

	2019	2018
	£	£
Trade debtors	362,948	326,572
Other debtors	119,250	53,650
	---------	---------
	482,198	380,222
	---------	---------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	234,247	170,476
Corporation tax	19,439	15,175
Social security and other taxes	102,600	53,979
Other creditors	244,818	166,358
	---------	---------
	601,104	405,988
	---------	---------

8. Creditors: amounts falling due after more than one year

	2019	2018
	£	£
Other creditors	–	85,729
	----	--------

The above amounts are long term loans and that they are subordinated until the assets of the Company exceed the liabilities of the company.