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REGISTERED NUMBER: 05306770 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

WHOLESOME FOODSERVICE LIMITED

WHOLESOME FOODSERVICE LIMITED (REGISTERED NUMBER: 05306770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHOLESOME FOODSERVICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: J G Appleton
Mrs A C Appleton





SECRETARY: J G Appleton





REGISTERED OFFICE: Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 05306770 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

WHOLESOME FOODSERVICE LIMITED (REGISTERED NUMBER: 05306770)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,060 17,980
Tangible assets 5 239,353 272,581
248,413 290,561

CURRENT ASSETS
Stocks 6 120,968 107,984
Debtors 7 179,419 188,562
Cash at bank 58,395 38,165
358,782 334,711
CREDITORS
Amounts falling due within one year 8 376,034 411,736
NET CURRENT LIABILITIES (17,252 ) (77,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,161

213,536

CREDITORS
Amounts falling due after more than one
year

9

39,463

71,202

PROVISIONS FOR LIABILITIES 10 47,600 43,600

CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 143,798 98,434
SHAREHOLDERS' FUNDS 144,098 98,734
231,161 213,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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.

WHOLESOME FOODSERVICE LIMITED (REGISTERED NUMBER: 05306770)

BALANCE SHEET - continued
31ST MAY 2024


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 18th September 2024 and were signed on its behalf by:





J G Appleton - Director


WHOLESOME FOODSERVICE LIMITED (REGISTERED NUMBER: 05306770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Wholesome Foodservice 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.

The accounts have been prepared on a going concern basis which is dependent upon the continued financial support of the directors.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

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

Goodwill
The original purchased goodwill, being the amount paid in connection with a business in 2001 is being amortised evenly over the balance of its estimated economic life of twenty years.

The consolidation goodwill arising on the purchase of 50% of the original Wholesome Foodservice Limited in 2005, now showing as Other Intangible Assets, is also being amortised over its estimated economic life of twenty years.

The £3,000 goodwill on the purchase of a small business from a third party in 2015 has been impaired to nil cost.

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.

Goodwill on subsidiary shares 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.
Improvements to property - 10% on cost
Plant and machinery - 12.5% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 12.5% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving items.

WHOLESOME FOODSERVICE LIMITED (REGISTERED NUMBER: 05306770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stock is also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
on
subsidiary
Goodwill shares Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 43,000 178,540 221,540
AMORTISATION
At 1st June 2023 43,000 160,560 203,560
Amortisation for year - 8,920 8,920
At 31st May 2024 43,000 169,480 212,480
NET BOOK VALUE
At 31st May 2024 - 9,060 9,060
At 31st May 2023 - 17,980 17,980

WHOLESOME FOODSERVICE LIMITED (REGISTERED NUMBER: 05306770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st June 2023 60,895 176,545 74,887
Additions - - -
At 31st May 2024 60,895 176,545 74,887
DEPRECIATION
At 1st June 2023 18,003 73,086 55,513
Charge for year 6,089 12,932 2,906
At 31st May 2024 24,092 86,018 58,419
NET BOOK VALUE
At 31st May 2024 36,803 90,527 16,468
At 31st May 2023 42,892 103,459 19,374

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st June 2023 211,028 50,093 573,448
Additions 11,995 1,294 13,289
At 31st May 2024 223,023 51,387 586,737
DEPRECIATION
At 1st June 2023 108,454 45,811 300,867
Charge for year 21,726 2,864 46,517
At 31st May 2024 130,180 48,675 347,384
NET BOOK VALUE
At 31st May 2024 92,843 2,712 239,353
At 31st May 2023 102,574 4,282 272,581

6. STOCKS
2024 2023
£    £   
Stocks 120,968 107,984

WHOLESOME FOODSERVICE LIMITED (REGISTERED NUMBER: 05306770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 159,690 157,958
Other debtors 19,729 30,604
179,419 188,562

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 329,673 358,943
Taxation and social security 26,309 4,330
Other creditors 10,052 38,463
376,034 411,736

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,128 23,009
Other creditors 26,335 48,193
39,463 71,202

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 47,600 43,600

Deferred
tax
£   
Balance at 1st June 2023 43,600
Accelerated capital allowances 4,000
Balance at 31st May 2024 47,600

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300