Intereurope Foods Ltd. - Accounts

INTEREUROPE FOODS LTD. - Company Information

Intereurope Foods Ltd. 02894292 Export of Foodstuffs to Europe false 1 January 2021 02894292 2021-01-01 2021-12-31 02894292 2020-12-31 02894292 2021-12-31 02894292 2020-01-01 2020-12-31 02894292 2019-12-31 02894292 2020-12-31 02894292 frs102-bus:FRS102 2021-01-01 2021-12-31 02894292 frs102-bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 02894292 frs102-bus:FullAccounts 2021-01-01 2021-12-31 02894292 frs102-bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 02894292 frs102-core:CurrentFinancialInstruments 2021-12-31 02894292 frs102-core:CurrentFinancialInstruments 2020-12-31 02894292 frs102-core:ShareCapital 2021-12-31 02894292 frs102-core:ShareCapital 2020-12-31 02894292 frs102-core:RetainedEarningsAccumulatedLosses 2021-12-31 02894292 frs102-core:RetainedEarningsAccumulatedLosses 2020-12-31 02894292 frs102-bus:Director1 2021-01-01 2021-12-31 02894292 frs102-core:PlantMachinery 2021-01-01 2021-12-31 02894292 frs102-bus:OrdinaryShareClass1 2021-12-31 02894292 frs102-bus:OrdinaryShareClass1 2020-12-31 02894292 frs102-bus:OrdinaryShareClass1 2021-01-01 2021-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	02894292

	Intereurope Foods Ltd.
	Unaudited Accounts
	for the year ended
	31 December 2021

Intereurope Foods Ltd. Balance Sheet as at 31 December 2021
	Notes		2021 £		2020 £
Fixed assets
Tangible assets			17,186		22,915
			17,186		22,915

Current assets
Stocks	3	82,358		79,948
Debtors	4	499,149		575,878
Cash at bank and in hand		112,972		238,464
		694,479		894,290

Prepayments and accrued income:		63,290		58,696

Creditors: amounts falling due within one year	5	(228,837)		(449,458)

Net current assets / (liabilities)			528,932		503,528

Total assets less current liabilities			546,118		526,443

Provisions for liabilities			(5,410)		(5,410)

Accruals and deferred income			(22,996)		(20,179)

Total net assets (liabilities)			517,712		500,854

Capital and reserves
Called up share capital	6		327,096		327,096
Profit and loss account			190,616		173,758
Shareholders' funds			517,712		500,854

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2021 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.

Signed on behalf of the board of directors

...............................

S Walters

Director

Approved by the board on 8 September 2022

Company Number: 02894292 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Park Industrial Estate Liverpool Road
Ashton-in-makerfield
Wigan
Lancashire
WN4 0YU

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

Plant & machinery

25% Reducing Balance

	Stocks
	Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

Stocks

Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

Employees
	2021	2020
Average number of employees during the period	19	25

Stocks
	2021	2020
	£	£
Finished goods	82,358	79,948
	82,358	79,948

Debtors
	2021	2020
	£	£
Trade debtors	368,442	445,171
Other debtors	130,707	130,707
	499,149	575,878

Creditors: amounts falling due within one year
	2021	2020
	£	£
Trade creditors	223,539	368,505
Taxation & social security	5,298	80,953
	228,837	449,458

Share capital
	2021	2020
	£	£
Allotted, called up and fully paid:
50,000 (2020: 50,000) Ordinary shares of £1.00 each	50,000	50,000

Allotted, called up and fully paid:
277,096 (2020: 277,096) Preference Shares shares of £1.00 each	277,096	277,096

	327,096	327,096

7.	Related party disclosures
	Controlling party The company is under the control of JJ Management Consulting LLP