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REGISTERED NUMBER: 11879758 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2022 to 31 July 2023

for

FTZ FOODS LIMITED

FTZ FOODS LIMITED (REGISTERED NUMBER: 11879758)

Contents of the Financial Statements
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FTZ FOODS LIMITED

Company Information
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023







DIRECTOR: Mr Arda Veysel Harman





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 11879758 (England and Wales)





ACCOUNTANTS: ADPL LLP
Chartered Certified Accountants
& Business Advisers
Ernest House
293 Green Lanes
Palmers Green
London
N13 4XS

FTZ FOODS LIMITED (REGISTERED NUMBER: 11879758)

Balance Sheet
31 JULY 2023

31.7.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,643 703
Tangible assets 5 244,795 134,651
Investments 6 - -
246,438 135,354

CURRENT ASSETS
Stocks 1,375,000 1,024,775
Debtors 7 1,089,586 647,422
Investments 8 75,000 75,000
Cash at bank and in hand 72,133 122,839
2,611,719 1,870,036
CREDITORS
Amounts falling due within one year 9 2,441,566 1,806,404
NET CURRENT ASSETS 170,153 63,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,591

198,986

CREDITORS
Amounts falling due after more than one
year

10

(113,471

)

(39,167

)

PROVISIONS FOR LIABILITIES 12 (46,511 ) -
NET ASSETS 256,609 159,819

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 256,509 159,719
256,609 159,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FTZ FOODS LIMITED (REGISTERED NUMBER: 11879758)

Balance Sheet - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2024 and were signed by:





Mr Arda Veysel Harman - Director


FTZ FOODS LIMITED (REGISTERED NUMBER: 11879758)

Notes to the Financial Statements
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023


1. STATUTORY INFORMATION

FTZ Foods Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, except 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.

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 period 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.

FTZ FOODS LIMITED (REGISTERED NUMBER: 11879758)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022 830
Additions 940
At 31 July 2023 1,770
AMORTISATION
At 1 September 2022
and 31 July 2023 127
NET BOOK VALUE
At 31 July 2023 1,643
At 31 August 2022 703

FTZ FOODS LIMITED (REGISTERED NUMBER: 11879758)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022 117,791 116,484 234,275
Additions 6,844 146,221 153,065
At 31 July 2023 124,635 262,705 387,340
DEPRECIATION
At 1 September 2022 55,277 44,347 99,624
Charge for period 13,872 29,049 42,921
At 31 July 2023 69,149 73,396 142,545
NET BOOK VALUE
At 31 July 2023 55,486 189,309 244,795
At 31 August 2022 62,514 72,137 134,651

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 146,221
At 31 July 2023 146,221
DEPRECIATION
Charge for period 14,622
At 31 July 2023 14,622
NET BOOK VALUE
At 31 July 2023 131,599

6. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Robin Food Ltd
Registered office: Unit 17 River Way, Harlow, England, CM20 2DR
Nature of business: Wholesale of food items
%
Class of shares: holding
Ordinary shares 100.00

FTZ FOODS LIMITED (REGISTERED NUMBER: 11879758)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.8.22
£    £   
Trade debtors 1,061,862 624,698
Other debtors 27,724 22,724
1,089,586 647,422

8. CURRENT ASSET INVESTMENTS
31.7.23 31.8.22
£    £   
Unlisted investments 75,000 75,000

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.8.22
£    £   
Hire purchase contracts 28,748 -
Trade creditors 1,611,882 780,972
Tax 14,031 4,182
Social security and other taxes 64,249 59,494
Pension 261 -
VAT 58,862 46,099
Credit cards 2,876 -
Directors' current accounts 660,657 915,657
2,441,566 1,806,404

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.8.22
£    £   
Bank loans (see note 11) 29,970 39,167
Hire purchase contracts 83,501 -
113,471 39,167

11. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.8.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 29,970 39,167

12. PROVISIONS FOR LIABILITIES
31.7.23 31.8.22
£    £   
Deferred tax 46,511 -

FTZ FOODS LIMITED (REGISTERED NUMBER: 11879758)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023


12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during period 46,511
Balance at 31 July 2023 46,511