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REGISTERED NUMBER: 02029111 (England and Wales)












UPTON FARM FROZEN FOODS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






UPTON FARM FROZEN FOODS LIMITED (REGISTERED NUMBER: 02029111)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UPTON FARM FROZEN FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R M Francis
Mrs M A Francis
K M Adie
A L Howard-Cook



SECRETARY: Mrs M A Francis



REGISTERED OFFICE: Upton Farm
Cosheston
Pembroke Dock
Pembrokeshire
SA72 4SE



REGISTERED NUMBER: 02029111 (England and Wales)



ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB



BANKERS: Barclays Bank plc
32 High Street
Haverfordwest
Pembrokeshire
SA61 2YP

UPTON FARM FROZEN FOODS LIMITED (REGISTERED NUMBER: 02029111)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,591 112,568

CURRENT ASSETS
Stocks 455,607 609,747
Debtors 5 267,751 292,687
Cash at bank and in hand 794,453 684,210
1,517,811 1,586,644
CREDITORS
Amounts falling due within one year 6 217,646 305,603
NET CURRENT ASSETS 1,300,165 1,281,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,398,756

1,393,609

CREDITORS
Amounts falling due after more than one
year

7

-

68,352
NET ASSETS 1,398,756 1,325,257

CAPITAL AND RESERVES
Called up share capital 5,006 5,006
Retained earnings 1,393,750 1,320,251
SHAREHOLDERS' FUNDS 1,398,756 1,325,257

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

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

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 18 October 2024 and were signed on its behalf by:





R M Francis - Director


UPTON FARM FROZEN FOODS LIMITED (REGISTERED NUMBER: 02029111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Upton Farm Frozen 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.

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 property7.5% reducing balance
Plant and machinery15% reducing balance
Fixtures and fittings15% reducing balance
Motor vehicles25% reducing balance
Freezers33% on cost

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 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.

Hire purchase and leasing commitments
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 year was 25 (2023 - 25 ) .

UPTON FARM FROZEN FOODS LIMITED (REGISTERED NUMBER: 02029111)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property Machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 17,244 301,118 242,758 227,441 788,561
Additions - 8,529 - 25,286 33,815
Disposals (17,244 ) (140,356 ) (242,758 ) - (400,358 )
At 31 January 2024 - 169,291 - 252,727 422,018
DEPRECIATION
At 1 February 2023 15,301 272,483 224,367 163,842 675,993
Charge for year - 4,472 - 15,895 20,367
Eliminated on disposal (15,301 ) (133,265 ) (224,367 ) - (372,933 )
At 31 January 2024 - 143,690 - 179,737 323,427
NET BOOK VALUE
At 31 January 2024 - 25,601 - 72,990 98,591
At 31 January 2023 1,943 28,635 18,391 63,599 112,568

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 261,565 261,311
Other debtors 6,186 31,376
267,751 292,687

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 113,778 207,274
Taxation and social security 90,318 95,561
Other creditors 13,550 2,768
217,646 305,603

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 68,352

8. LEASING AGREEMENTS
During the period the company made the following lease payments:

2024 2023
£ £
Vehicle operating leases 53,025 52,395

9. RELATED PARTY DISCLOSURES

During the year purchases of £288,158 (2023 £306,739) and rent of £30,000 (2023 £28,000) was paid to Haven Foods Limited, a company controlled by R M & M A Francis. £Nil (2023 £Nil) was outstanding at the year end and is included in trade creditors.

UPTON FARM FROZEN FOODS LIMITED (REGISTERED NUMBER: 02029111)

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

10. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by R M & Mrs M A Francis, by virtue of their 100% holding of Ordinary A Class shares.