Company Registration No. 10298744 (England and Wales)
DESTINATION FOODS LIMITED
Unaudited accounts
for the year ended 31 December 2020
DESTINATION FOODS LIMITED
Unaudited accounts
Contents
DESTINATION FOODS LIMITED
Company Information
for the year ended 31 December 2020
Company Number
10298744 (England and Wales)
Registered Office
73-75 WHITLEY STREET
READING
RG2 0EG
UNITED KINGDOM
Accountants
Accountax
145 Worplesdon Road
Guildford
Surrey
GU2 9XA
DESTINATION FOODS LIMITED
Statement of financial position
as at
31 December 2020
Tangible assets
41,979
55,986
Inventories
20,000
15,000
Cash at bank and in hand
7,550
680
Creditors: amounts falling due within one year
(30,494)
(45,380)
Net current assets/(liabilities)
28,845
(29,700)
Total assets less current liabilities
70,824
26,286
Creditors: amounts falling due after more than one year
(69,512)
(132,650)
Net assets/(liabilities)
1,312
(106,364)
Called up share capital
100
100
Capital contribution reserve
30,000
-
Profit and loss account
(28,788)
(106,464)
Shareholders' funds
1,312
(106,364)
For the year ending 31 December 2020 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 director acknowledges her 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.
The financial statements were approved by the Board and authorised for issue on 1 February 2021 and were signed on its behalf by
DR LEENA BHAT
Director
Company Registration No. 10298744
DESTINATION FOODS LIMITED
Notes to the Accounts
for the year ended 31 December 2020
DESTINATION FOODS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10298744. The registered office is 73-75 WHITLEY STREET, READING, RG2 0EG, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% WDV
Fixtures & fittings
25%WDV
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2020
5,750
83,255
89,005
At 31 December 2020
5,750
83,255
89,005
At 1 January 2020
2,070
30,949
33,019
Charge for the year
920
13,087
14,007
At 31 December 2020
2,990
44,036
47,026
At 31 December 2020
2,760
39,219
41,979
At 31 December 2019
3,680
52,306
55,986
Raw materials
10,000
5,000
Finished goods
10,000
10,000
DESTINATION FOODS LIMITED
Notes to the Accounts
for the year ended 31 December 2020
Accrued income and prepayments
1,789
-
7
Investments held as current assets
2020
2019
Unlisted investments
30,000
-
8
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
25,000
-
Taxes and social security
505
-
Loans from directors
3,200
44,802
9
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
69,512
132,650
10
Average number of employees
During the year the average number of employees was 0 (2019: 0).