LAILA'S FINE FOODS LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have a reasonable expectation that the company will continue in operational existence from the foreseeable future, however they are aware of certain material uncertainties which may cast significant doubt over the company's ability to continue as a going concern. The company incurred a loss before tax of £630,250 during the year ended 31 December 2023 and, as of that date, the company's liabilities exceeded its total assets by £3,250,997. The company has incurred further losses in 2024 and 2025. The company depends on credit and finance provided by creditors to continue as a going concern, which is not guaranteed.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -0.3%

  £29,269,664 → £29,168,713

• Cash

  -82.2%

  £78,911 → £14,071

• Net assets

  -24%

  -£2,620,747 → -£3,250,997

• Employees

  +12.1%

  247 → 277

• Operating profit

  +114%

  -£415,211 → £58,273

• Profit before tax

  +36.7%

  -£995,217 → -£630,250

• Wages

  +13.6%

  £5,702,516 → £6,480,133

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have a reasonable expectation that the company will continue in operational existence from the foreseeable future, however they are aware of certain material uncertainties which may cast significant doubt over the company's ability to continue as a going concern. The company incurred a loss before tax of £630,250 during the year ended 31 December 2023 and, as of that date, the company's liabilities exceeded its total assets by £3,250,997. The company has incurred further losses in 2024 and 2025. The company depends on credit and finance provided by creditors to continue as a going concern, which is not guaranteed.”

Significant events

• “The business continues to operate in a challenging environment with the legacy of recent years from Covid, Brexit and cost inflationary pressures.”
• “Sales overall are comparable to the prior year with lower volumes but improved pricing. Margins have improved from 11% to 13.7% despite direct labour costs being up by 10.6% and energy costs up by 69.4%.”
• “The business had previously been operating under historic electricity contracts until December 2022 but new contracts at higher rates commenced in January 2023.”
• “The business continues to be reliant upon an improvement in trade and the continued support of creditors and funders, hence maintaining adequate cashflow and liquidity continues to be a principal risk of the business.”
• “There was capital investment of £64,260 during the year.”
• “The factoring facility provided additional funding of £2,249,093 during the year to fund the business activity and repayments on existing borrowings and leases.”
• “Growth is anticipated in 2025 from products launched in 2023 and a strong pipeline of potential and achieved new business.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

17

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.