Company Registration No. 11077318 (England and Wales)
ASIANA ORIENTAL FOODS LIMITED
Unaudited accounts
for the year ended 30 April 2019
ASIANA ORIENTAL FOODS LIMITED
Unaudited accounts
Contents
ASIANA ORIENTAL FOODS LIMITED
Company Information
for the year ended 30 April 2019
Directors
Rajvinder Singh Sandhu
Saminda Sandhu
Company Number
11077318 (England and Wales)
Registered Office
81 Charles Street
Leicester
LE1 1FA
England
Accountants
Taylor Accountancy Services
2 Lynmoor Court
Hucknall
Nottingham
NG15 8FT
ASIANA ORIENTAL FOODS LIMITED
Statement of financial position
as at 30 April 2019
Cash at bank and in hand
7,969
Creditors: amounts falling due within one year
(561,951)
Net current liabilities
(35,010)
Called up share capital
100
Profit and loss account
19,399
Shareholders' funds
19,499
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2020 and were signed on its behalf by
Rajvinder Singh Sandhu
Director
Company Registration No. 11077318
ASIANA ORIENTAL FOODS LIMITED
Notes to the Accounts
for the year ended 30 April 2019
ASIANA ORIENTAL FOODS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11077318. The registered office is 81 Charles Street, Leicester , LE1 1FA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
30% reducing balance
Computer equipment
30% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
Other
Total
Additions
36,000
7,033
43,033
At 30 April 2019
36,000
7,033
43,033
Charge for the year
1,800
195
1,995
At 30 April 2019
1,800
195
1,995
At 30 April 2019
34,200
6,838
41,038
ASIANA ORIENTAL FOODS LIMITED
Notes to the Accounts
for the year ended 30 April 2019
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
18,207
2,765
20,972
At 30 April 2019
18,207
2,765
20,972
Charge for the year
6,672
829
7,501
At 30 April 2019
6,672
829
7,501
At 30 April 2019
11,535
1,936
13,471
8
Creditors: amounts falling due within one year
2019
Taxes and social security
11,091
Loans from directors
130,568
9
Average number of employees
During the year the average number of employees was 7.
