FOOD LORDS (UK) LIMITED

FOOD LORDS (UK) LIMITED

FOOD LORDS (UK) LIMITED - Company Information

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FOOD LORDS (UK) LIMITED

Company Registration Number:
06256519 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

FOOD LORDS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

FOOD LORDS (UK) LIMITED

Balance sheet

As at 31 May 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 43,172 47,299
Total fixed assets: 43,172 47,299
Current assets
Stocks: 185,416 153,225
Debtors:   736,336 664,758
Cash at bank and in hand: 275,370 372,785
Total current assets: 1,197,122 1,190,768
Creditors: amounts falling due within one year:   (274,431) (289,055)
Net current assets (liabilities): 922,691 901,713
Total assets less current liabilities: 965,863 949,012
Creditors: amounts falling due after more than one year:   (120,833) (191,667)
Total net assets (liabilities): 845,030 757,345
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 844,030 756,345
Shareholders funds: 845,030 757,345

The notes form part of these financial statements

FOOD LORDS (UK) LIMITED

Balance sheet statements

For the year ending 31 May 2023 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 24 October 2023
and signed on behalf of the board by:

Name: Ganesh Bogadala
Status: Director

The notes form part of these financial statements

FOOD LORDS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

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

FOOD LORDS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 13 12

FOOD LORDS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 205,444
Additions 8,675
At 31 May 2023 214,119
Depreciation
At 01 June 2022 158,145
Charge for year 12,802
At 31 May 2023 170,947
Net book value
At 31 May 2023 43,172
At 31 May 2022 47,299

FOOD LORDS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Related party transactions

Name of the related party: Food Lords Ltd
Relationship:
Company controlled by the directors.
Description of the Transaction: Intercompany loan
£
Balance at 01 June 2022 207,084
Balance at 31 May 2023 322,084
Name of the related party: Meat Lords Ltd
Relationship:
Company controlled by the directors.
Description of the Transaction: Intercompany loan
£
Balance at 01 June 2022 33,245
Balance at 31 May 2023 27,146

During the period, the Company paid rent of £60,000 to Food Lords Ltd, a company controlled by the Director, G Bogadala. The rental amount represents a fair open market rent, determined at arms length basis.