Company Registration No. 08171925 (England and Wales)
HUNGARIAN FLAVORS LTD
Unaudited accounts
for the year ended 31 July 2017
HUNGARIAN FLAVORS LTD
Unaudited accounts
Contents
HUNGARIAN FLAVORS LTD
Company Information
for the year ended 31 July 2017
Directors
Mr Istvan Varga
Mr Laszlo Pinter
Company Number
08171925 (England and Wales)
Registered Office
FLAT 205 SIR JOHN AND LADY COHEN COURT
ROCKWOOD ROAD
LONDON
N16 6SD
Accountants
Strike Consulting (London)
Central house
1 Ballards Lane
London
N3 1LQ
HUNGARIAN FLAVORS LTD
Statement of financial position
as at
31 July 2017
Cash at bank and in hand
62,273
44,075
Creditors: amounts falling due within one year
(68,850)
(67,779)
Net current assets/(liabilities)
1,665
(13,684)
Net assets/(liabilities)
1,666
(175)
Called up share capital
100
100
Profit and loss account
1,566
(275)
Shareholders' funds
1,666
(175)
For the year ending 31 July 2017 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 April 2018.
Mr Laszlo Pinter
Director
Company Registration No. 08171925
HUNGARIAN FLAVORS LTD
Notes to the Accounts
for the year ended 31 July 2017
HUNGARIAN FLAVORS LTD is a private company, limited by shares, registered in England and Wales, registration number 08171925. The registered office is FLAT 205 SIR JOHN AND LADY COHEN COURT, ROCKWOOD ROAD, LONDON, N16 6SD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
HUNGARIAN FLAVORS LTD
Notes to the Accounts
for the year ended 31 July 2017
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Finished goods
8,178
10,020
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
395
127
Taxes and social security
383
448
Loans from directors
68,072
67,204
8
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).