Registered number
SC226987
Euro Fast Food Distribution Ltd
Filleted Accounts
31 January 2024
Euro Fast Food Distribution Ltd
Registered number: SC226987
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 381,488 423,656
Current assets
Stocks 95,021 74,557
Debtors 4 270,424 219,811
Cash at bank and in hand 787 93
366,232 294,461
Creditors: amounts falling due within one year 5 (179,052) (177,766)
Net current assets 187,180 116,695
Total assets less current liabilities 568,668 540,351
Creditors: amounts falling due after more than one year 6 (23,333) (57,486)
Net assets 545,335 482,865
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 525,335 462,865
Shareholders' funds 545,335 482,865
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Bilal Yucedag
Director
Approved by the board on 7 August 2024
Euro Fast Food Distribution Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Property
Land and buildings include a freehold factory and office building. Land and buildings are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are performed by professional qualified valuers with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.

Any revaluation increase in the carrying amount of land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit or loss and depreciation based on the asset’s original cost is transferred from revaluation reserve to retained earnings.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Reducing balance
Motor vehicles 20% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 18
3 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 250,000 266,694 76,538 593,232
Disposals - - (25,070) (25,070)
At 31 January 2024 250,000 266,694 51,468 568,162
Depreciation
At 1 February 2023 - 140,468 29,108 169,576
Charge for the year - 25,700 9,486 35,186
On disposals - - (18,088) (18,088)
At 31 January 2024 - 166,168 20,506 186,674
Net book value
At 31 January 2024 250,000 100,526 30,962 381,488
At 31 January 2023 250,000 126,226 47,430 423,656
4 Debtors 2024 2023
£ £
Trade debtors 255,089 201,850
Other debtors 15,335 17,961
270,424 219,811
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,881 2,619
Obligations under finance lease and hire purchase contracts 17,218 46,723
Trade creditors 45,197 79,678
Taxation and social security costs 39,124 24,540
Other creditors 61,632 24,206
179,052 177,766
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,333 33,883
Obligations under finance lease and hire purchase contracts - 23,603
23,333 57,486
7 Controlling party
The director, Mr Bilal Yucedag, held a 100% beneficial interest in the share capital of the company.
8 Other information
Euro Fast Food Distribution Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
19 Hawbank Road
College Milton North
East Kilbride
Lanarkshire
G74 5EG
Euro Fast Food Distribution Ltd SC226987 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 Mr Bilal Yucedag No description of principal activity SC226987 2022-02-01 2023-01-31 SC226987 core:WithinOneYear 2023-01-31 SC226987 core:AfterOneYear 2023-01-31 SC226987 core:ShareCapital 2023-01-31 SC226987 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC226987 2023-02-01 2024-01-31 SC226987 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC226987 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC226987 bus:Director40 2023-02-01 2024-01-31 SC226987 1 2023-02-01 2024-01-31 SC226987 2 2023-02-01 2024-01-31 SC226987 core:LandBuildings 2023-02-01 2024-01-31 SC226987 core:PlantMachinery 2023-02-01 2024-01-31 SC226987 core:Vehicles 2023-02-01 2024-01-31 SC226987 countries:England 2023-02-01 2024-01-31 SC226987 bus:FRS102 2023-02-01 2024-01-31 SC226987 bus:FilletedAccounts 2023-02-01 2024-01-31 SC226987 2024-01-31 SC226987 core:WithinOneYear 2024-01-31 SC226987 core:AfterOneYear 2024-01-31 SC226987 core:ShareCapital 2024-01-31 SC226987 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC226987 core:LandBuildings 2024-01-31 SC226987 core:PlantMachinery 2024-01-31 SC226987 core:Vehicles 2024-01-31 SC226987 2023-01-31 SC226987 core:LandBuildings 2023-01-31 SC226987 core:PlantMachinery 2023-01-31 SC226987 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure