Unifoods Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03022849 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Unifoods Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr H A F Saada

REGISTERED OFFICE:

Cornish&Sussex Suite,House 3

Lynderswood Business Park

Lynderswood Lane

Black Notley

Essex

CM77 8JT

REGISTERED NUMBER:

03022849 (England and Wales)

ACCOUNTANTS:

Richardson & Co Accountants Limited

Cornish&Sussex Suite,House 3

Lynderswood Business Park

Lynderswood Lane

Black Notley

Essex

CM77 8JT

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Unifoods Limited for the year ended 31 December 2019

which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the

related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Unifoods Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Unifoods Limited and state those matters that we have agreed to state to the director of Unifoods Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Unifoods Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Unifoods Limited. You consider that Unifoods Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Unifoods Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson & Co Accountants Limited

Cornish&Sussex Suite,House 3

Lynderswood Business Park

Lynderswood Lane

Black Notley

Essex

CM77 8JT

10 June 2020

FIXED ASSETS

Tangible assets

4

16,901

26,843

CURRENT ASSETS

Stocks

2,435

2,500

Debtors

5

6,424

4,391

Cash at bank and in hand

144,419

116,398

153,278

123,289

CREDITORS

Amounts falling due within one year

6

33,397

20,928

NET CURRENT ASSETS

119,881

102,361

TOTAL ASSETS LESS CURRENT LIABILITIES

136,782

129,204

PROVISIONS FOR LIABILITIES

282

1,527

NET ASSETS

136,500

127,677

CAPITAL AND RESERVES

Called up share capital

64,000

64,000

Retained earnings

72,500

63,677

SHAREHOLDERS' FUNDS

136,500

127,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

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 director acknowledges his 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 10 June 2020 and were signed by:

Mr H A F Saada - Director

1.	STATUTORY INFORMATION

Unifoods Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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 each asset over its estimated useful life.

Land and buildings

-

Straight line over 15 years

Plant and machinery etc

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2019

158,076

36,373

8,972

203,421

Additions

-

-

2,287

2,287

At 31 December 2019

158,076

36,373

11,259

205,708

DEPRECIATION

At 1 January 2019

137,005

36,372

3,201

176,578

Charge for year

10,538

-

1,691

12,229

At 31 December 2019

147,543

36,372

4,892

188,807

NET BOOK VALUE

At 31 December 2019

10,533

1

6,367

16,901

At 31 December 2018

21,071

1

5,771

26,843

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other debtors

6,424

4,391

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Taxation and social security

10,529

14,764

Other creditors

22,868

6,164

33,397

20,928

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 December 2019 and 31 December 2018:

31.12.19

31.12.18

£

£

Mr H A F Saada

Balance outstanding at start of year

314

675

Amounts repaid

(25,417

)

(64,954

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,884

314