BERICO FOOD DISTRIBUTION LIMITED

BERICO FOOD DISTRIBUTION LIMITED

BERICO FOOD DISTRIBUTION LIMITED - Company Information

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BERICO FOOD DISTRIBUTION LIMITED

Company Registration Number:
07752171 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2020

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

BERICO FOOD DISTRIBUTION LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2020

Balance sheet
Notes

BERICO FOOD DISTRIBUTION LIMITED

Balance sheet

As at 30 June 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 114,445 89,921
Total fixed assets: 114,445 89,921
Current assets
Stocks: 144,732 170,372
Debtors:   402,160 282,967
Cash at bank and in hand: 292,704 14,917
Total current assets: 839,596 468,256
Creditors: amounts falling due within one year:   (370,834) (306,156)
Net current assets (liabilities): 468,762 162,100
Total assets less current liabilities: 583,207 252,021
Creditors: amounts falling due after more than one year:   (250,000)
Provision for liabilities: (21,744) (17,085)
Total net assets (liabilities): 311,463 234,936
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 311,363 234,836
Shareholders funds: 311,463 234,936

The notes form part of these financial statements

BERICO FOOD DISTRIBUTION LIMITED

Balance sheet statements

For the year ending 30 June 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 November 2020
and signed on behalf of the board by:

Name: Mr. A R K Beriwal
Status: Director

The notes form part of these financial statements

BERICO FOOD DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BERICO FOOD DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

2. Employees

2020 2019
Average number of employees during the period 29 28

BERICO FOOD DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

3. Tangible Assets

Total
Cost £
At 01 July 2019 261,673
Additions 96,073
At 30 June 2020 357,746
Depreciation
At 01 July 2019 171,752
Charge for year 71,549
At 30 June 2020 243,301
Net book value
At 30 June 2020 114,445
At 30 June 2019 89,921

BERICO FOOD DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

4. Related party transactions

Name of the related party: Beriwal International Ltd.
Relationship:
Beriwal International Ltd. is the holding company.
Description of the Transaction: At the balance sheet date Bank of Baroda has a floating charge over all the assets of the group. The outstanding amount, covered by the floating charge, at 30 June 2020 was £338,000 (2019: £410,000)
£
Balance at 01 July 2019 410,000
Balance at 30 June 2020 338,000