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Company Registration No. 12042184 (England and Wales)
South End Food Centre Ltd Unaudited accounts for the year ended 30 June 2024
South End Food Centre Ltd Unaudited accounts Contents
Page
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South End Food Centre Ltd Company Information for the year ended 30 June 2024
Director
TAGHI NAEEMI GOONDOGHDOOEI
Company Number
12042184 (England and Wales)
Registered Office
15 South End Croydon Surrey CR0 1BE England
Accountants
NOORY AND CO ACCOUNTANTS 22 Conduit Place London London W2 1HS
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South End Food Centre Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,346 
49,819 
Current assets
Inventories
93,395 
92,548 
Cash at bank and in hand
37,473 
18,413 
130,868 
110,961 
Creditors: amounts falling due within one year
(72,028)
(76,916)
Net current assets
58,840 
34,045 
Net assets
101,186 
83,864 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
101,086 
83,764 
Shareholders' funds
101,186 
83,864 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2024 and were signed on its behalf by
TAGHI NAEEMI GOONDOGHDOOEI Director Company Registration No. 12042184
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South End Food Centre Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
South End Food Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 12042184. The registered office is 15 South End, , Croydon, Surrey, CR0 1BE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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South End Food Centre Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
10,000 
58,507 
68,507 
At 30 June 2024
10,000 
58,507 
68,507 
Depreciation
At 1 July 2023
- 
18,688 
18,688 
Charge for the year
- 
7,473 
7,473 
At 30 June 2024
- 
26,161 
26,161 
Net book value
At 30 June 2024
10,000 
32,346 
42,346 
At 30 June 2023
10,000 
39,819 
49,819 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,823 
4,840 
Trade creditors
1,227 
3,407 
Taxes and social security
6,314 
6,505 
Loans from directors
59,664 
59,664 
Accruals
3,000 
2,500 
72,028 
76,916 
6
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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