The Little Big Food Company Limited - Accounts to registrar (filleted) - small 23.2.5
The Little Big Food Company Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| The Little Big Food Company Limited |
| Audited Financial Statements for the Year Ended 30th April 2023 |
| The Little Big Food Company Limited (Registered number: 04048318) |
| Contents of the Financial Statements |
| for the year ended 30th April 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| The Little Big Food Company Limited |
| Company Information |
| for the year ended 30th April 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditor |
| Regent's Court |
| Princess Street |
| Hull |
| East Yorkshire HU2 8BA |
| The Little Big Food Company Limited (Registered number: 04048318) |
| Balance Sheet |
| 30th April 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Share premium |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Profit & Loss has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| The Little Big Food Company Limited (Registered number: 04048318) |
| Notes to the Financial Statements |
| for the year ended 30th April 2023 |
| 1. | STATUTORY INFORMATION |
| The Little Big Food Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
| Preparation of consolidated financial statements |
| The financial statements contain information about The Little Big Food Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| 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 |
| Depreciation is calculated so as to write off the cost of the assets on a straight line basis over the expected useful economic lives of the assets concerned. The principal lives of assets used for this purpose are as follows:- |
| Computer equipment | - 3 years |
| Fixtures and fittings | - 3 years |
| Leasehold improvements | - 1.5 years |
| Motor vehicles | - between 5 to 10 years |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| The Little Big Food Company Limited (Registered number: 04048318) |
| Notes to the Financial Statements - continued |
| for the year ended 30th April 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Operating lease rentals |
| Operating lease rentals are charged to the profit and loss account in a manner consistent with the accruals concept of accounting. |
| Derivatives |
| Where material to the financial statements, derivative financial instruments are initially measured at fair value at the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss. The company uses derivatives to reduce the risk of currency fluctuation from trading in foreign currencies. Where such derivatives are matched with a firm contract for the supply of goods fair value hedge accounting is applied to net off corresponding gains and losses in the profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| The Little Big Food Company Limited (Registered number: 04048318) |
| Notes to the Financial Statements - continued |
| for the year ended 30th April 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Freehold | to | and | Computer |
| property | property | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st May 2022 |
| Additions |
| At 30th April 2023 |
| DEPRECIATION |
| At 1st May 2022 |
| Charge for year |
| At 30th April 2023 |
| NET BOOK VALUE |
| At 30th April 2023 |
| At 30th April 2022 |
| 5. | STOCKS |
| 2023 | 2022 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Directors' loan accounts | 33,165 | - |
| VAT |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to parent company |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| The Little Big Food Company Limited (Registered number: 04048318) |
| Notes to the Financial Statements - continued |
| for the year ended 30th April 2023 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2023 | 2022 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Bank loan | 139,892 | 156,379 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 5,000 | 5,000 |
| 12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| The Little Big Food Company Limited (Registered number: 04048318) |
| Notes to the Financial Statements - continued |
| for the year ended 30th April 2023 |
| 13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30th April 2023 and 30th April 2022: |
| 2023 | 2022 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is N McCollum. |
| 15. | ULTIMATE PARENT COMPANY |
| The company's immediate parent company is Broomco (2377) Limited. The company's ultimate parent company is NMGranary Holdings Limited, a company registered in England and Wales. |