PRIDE ASIA FOOD LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06428818 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

PRIDE ASIA FOOD LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B RAJARATNAM

SECRETARY:

MRS A RAJARATNAM

REGISTERED OFFICE:

77-79 High Street

Barkingside

IG6 2AF

REGISTERED NUMBER:

06428818 (England and Wales)

ACCOUNTANTS:

AT

Chartered Certified Accountants

2 Rixsen Road

London

London

E12 6RN

FIXED ASSETS

Tangible assets

4

314,803

189,168

CURRENT ASSETS

Stocks

798,736

784,943

Debtors

339,030

341,457

Prepayments and accrued income

7,123

6,700

Cash at bank and in hand

99,811

68,276

1,244,700

1,201,376

CREDITORS

Amounts falling due within one year

(813,019

)

(706,591

)

NET CURRENT ASSETS

431,681

494,785

TOTAL ASSETS LESS CURRENT LIABILITIES

746,484

683,953

CREDITORS

Amounts falling due after more than one year

(595,934

)

(452,044

)

PROVISIONS FOR LIABILITIES

(47,125

)

(35,942

)

NET ASSETS

103,425

195,967

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

103,423

195,965

SHAREHOLDERS' FUNDS

103,425

195,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 September 2022 and were signed by:

B RAJARATNAM - Director

1.	STATUTORY INFORMATION

Pride Asia Food 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

Plant and machinery etc. - 15% on reducing balance and 25% on reducing balance.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 32 (2020 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2020

363,131

Additions

173,299

Disposals

(9,500

)

At 30 November 2021

526,930

DEPRECIATION

At 1 December 2020

173,963

Charge for year

47,263

Eliminated on disposal

(9,099

)

At 30 November 2021

212,127

NET BOOK VALUE

At 30 November 2021

314,803

At 30 November 2020

189,168

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary

1

2

2

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES