IRIS Accounts Production v24.1.9.2 05987451 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059874512022-10-31059874512023-10-31059874512022-11-012023-10-31059874512021-10-31059874512021-11-012022-10-31059874512022-10-3105987451ns15:EnglandWales2022-11-012023-10-3105987451ns14:PoundSterling2022-11-012023-10-3105987451ns10:Director12022-11-012023-10-3105987451ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3105987451ns10:SmallEntities2022-11-012023-10-3105987451ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3105987451ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3105987451ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3105987451ns10:FullAccounts2022-11-012023-10-3105987451ns10:OrdinaryShareClass12022-11-012023-10-3105987451ns10:Director22022-11-012023-10-3105987451ns10:CompanySecretary12022-11-012023-10-3105987451ns10:RegisteredOffice2022-11-012023-10-3105987451ns5:CurrentFinancialInstruments2023-10-3105987451ns5:CurrentFinancialInstruments2022-10-3105987451ns5:Non-currentFinancialInstruments2023-10-3105987451ns5:Non-currentFinancialInstruments2022-10-3105987451ns5:ShareCapital2023-10-3105987451ns5:ShareCapital2022-10-3105987451ns5:RetainedEarningsAccumulatedLosses2023-10-3105987451ns5:RetainedEarningsAccumulatedLosses2022-10-3105987451ns5:ComputerEquipment2022-11-012023-10-3105987451ns5:PlantMachinery2022-10-3105987451ns5:ComputerEquipment2022-10-3105987451ns5:PlantMachinery2022-11-012023-10-3105987451ns5:PlantMachinery2023-10-3105987451ns5:ComputerEquipment2023-10-3105987451ns5:PlantMachinery2022-10-3105987451ns5:ComputerEquipment2022-10-3105987451ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3105987451ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3105987451ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 05987451 (England and Wales)






















Medi - Food Partnership Limited

Unaudited Financial Statements for the Year Ended 31st October 2023






Medi - Food Partnership Limited (Registered number: 05987451)






Contents of the Financial Statements
for the year ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Medi - Food Partnership Limited

Company Information
for the year ended 31st October 2023







DIRECTORS: M Middleton
Mrs J Middleton





SECRETARY: Mrs J Middleton





REGISTERED OFFICE: 3 Kestrel Avenue
Hull
East Yorkshire
HU7 4ST





REGISTERED NUMBER: 05987451 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Medi - Food Partnership Limited (Registered number: 05987451)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,262 3,027

CURRENT ASSETS
Debtors 5 163,913 157,803
Cash at bank 84,051 33,822
247,964 191,625
CREDITORS
Amounts falling due within one year 6 139,831 117,340
NET CURRENT ASSETS 108,133 74,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,395

77,312

CREDITORS
Amounts falling due after more than one
year

7

(17,363

)

(27,443

)

PROVISIONS FOR LIABILITIES (587 ) (575 )
NET ASSETS 92,445 49,294

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 92,345 49,194
SHAREHOLDERS' FUNDS 92,445 49,294

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

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

The directors acknowledge their 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.

Medi - Food Partnership Limited (Registered number: 05987451)

Balance Sheet - continued
31st October 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 Board of Directors and authorised for issue on 24th July 2024 and were signed on its behalf by:





M Middleton - Director


Medi - Food Partnership Limited (Registered number: 05987451)

Notes to the Financial Statements
for the year ended 31st October 2023

1. STATUTORY INFORMATION

Medi - Food Partnership 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 represents the value of work executed during the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the year 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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Government grants
Government grants receivable have been accounted for under the accrual model. The Coronavirus Job Retention Scheme (CJRS) grant has been recognised as income on a systematic basis over the periods in which the entity has recognised the related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Medi - Food Partnership Limited (Registered number: 05987451)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st November 2022 6,575 18,697 25,272
Additions - 798 798
At 31st October 2023 6,575 19,495 26,070
DEPRECIATION
At 1st November 2022 5,370 16,875 22,245
Charge for year 542 1,021 1,563
At 31st October 2023 5,912 17,896 23,808
NET BOOK VALUE
At 31st October 2023 663 1,599 2,262
At 31st October 2022 1,205 1,822 3,027

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,091 30,401
Amounts owed by group undertakings 127,362 127,362
Other debtors 11,460 40
163,913 157,803

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,079 9,828
Trade creditors 62,381 14,798
Taxation and social security 14,731 6,185
Other creditors 52,640 86,529
139,831 117,340

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,363 27,443

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Medi - Food Partnership Limited (Registered number: 05987451)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

9. RELATED PARTY DISCLOSURES

At 31st October 2023 a debtor of £127,362 (2022: £127,362) was due from MFP (Equipment & Services) Limited , this company's parent company. This balance is interest free and has no set
repayment date.

Included within Creditors: Amounts falling due within one year is a loan of £23,495 (2022: £22,023) from M. Middleton, a director and shareholder of this company's ultimate parent company. This loan is interest free and repayable on demand.

Included within Creditors: Amounts falling due within one year is a loan of £22,120 (2022: £20,647) from J. Middleton, a director and shareholder of this company's ultimate parent company. This loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by M. Middleton and J. Middleton by virtue of their controlling stake in the share capital of this company's parent company.