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Company Registration No. 09129172 (England and Wales)
Total Asia Food Bristol Limited Unaudited accounts for the year ended 30 June 2023
Total Asia Food Bristol Limited Unaudited accounts Contents
Page
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Total Asia Food Bristol Limited Company Information for the year ended 30 June 2023
Director
Lian Wei Xu
Company Number
09129172 (England and Wales)
Registered Office
Unit 4-5 Liberty Industrial Park South Liberty Lane Bristol BS3 2SU
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Total Asia Food Bristol Limited for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Total Asia Food Bristol Limited for the year ended 30 June 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 5 October 2023
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Total Asia Food Bristol Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
341,017 
258,817 
Current assets
Inventories
522,692 
517,889 
Debtors
1,748,802 
1,783,532 
Cash at bank and in hand
211,716 
97,777 
2,483,210 
2,399,198 
Creditors: amounts falling due within one year
(2,187,344)
(1,430,207)
Net current assets
295,866 
968,991 
Total assets less current liabilities
636,883 
1,227,808 
Creditors: amounts falling due after more than one year
(75,362)
(29,834)
Provisions for liabilities
Deferred tax
(64,793)
(52,089)
Net assets
496,728 
1,145,885 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
496,727 
1,145,884 
Shareholders' funds
496,728 
1,145,885 
For the year ending 30 June 2023 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 his 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 5 October 2023 and were signed on its behalf by
Lian Wei Xu Director Company Registration No. 09129172
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Total Asia Food Bristol Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Total Asia Food Bristol Limited is a private company, limited by shares, registered in England and Wales, registration number 09129172. The registered office is Unit 4-5 Liberty Industrial Park, South Liberty Lane, Bristol, BS3 2SU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
50 years - straight line
Motor vehicles
4 years - straight line
Fixtures & fittings
10 years - straight line
Computer equipment
4 years - straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Total Asia Food Bristol Limited Notes to the Accounts for the year ended 30 June 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
3,472 
- 
311,643 
141,259 
14,411 
470,785 
Additions
- 
12,595 
165,832 
- 
- 
178,427 
At 30 June 2023
3,472 
12,595 
477,475 
141,259 
14,411 
649,212 
Depreciation
At 1 July 2022
526 
- 
157,180 
39,851 
14,411 
211,968 
Charge for the year
69 
2,886 
79,146 
14,126 
- 
96,227 
At 30 June 2023
595 
2,886 
236,326 
53,977 
14,411 
308,195 
Net book value
At 30 June 2023
2,877 
9,709 
241,149 
87,282 
- 
341,017 
At 30 June 2022
2,946 
- 
154,463 
101,408 
- 
258,817 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
522,692 
517,889 
522,692 
517,889 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
56,092 
10,687 
Trade debtors
381,127 
444,020 
Amounts due from group undertakings etc.
1,311,583 
1,313,125 
Other debtors
- 
15,700 
1,748,802 
1,783,532 
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Total Asia Food Bristol Limited Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,822 
11,083 
Obligations under finance leases and hire purchase contracts
6,480 
20,069 
Trade creditors
1,886,009 
1,190,805 
Taxes and social security
279,664 
159,861 
Other creditors
1,169 
45,689 
Accruals
3,200 
2,700 
2,187,344 
1,430,207 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,936 
29,834 
Obligations under finance leases and hire purchase contracts
54,426 
- 
75,362 
29,834 
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
64,793 
52,089 
2023 
2022 
£ 
£ 
Provision at start of year
52,089 
46,994 
Charged to the profit and loss account
12,704 
5,095 
Provision at end of year
64,793 
52,089 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
11
Transactions with related parties
At the balance sheet date the company was owed £1,311,583 by Jing Xing Trading Co Ltd (Company number 05125267) (2022: £1,313,125).
12
Controlling party
The company is a wholly owned subsidiary of Jing Xing Trading Co Ltd (company number 05125267).
13
Average number of employees
During the year the average number of employees was 20 (2022: 24).
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