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REGISTERED NUMBER: 15067722 (England and Wales)















Unaudited Financial Statements

for the Period 13 August 2023 to 31 July 2024

for

Telford Food Co Tsc Limited

Telford Food Co Tsc Limited (Registered number: 15067722)






Contents of the Financial Statements
for the Period 13 August 2023 to 31 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Telford Food Co Tsc Limited (Registered number: 15067722)

Balance Sheet
31 July 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 14,000
Tangible assets 5 213,884
227,884

CURRENT ASSETS
Stocks 5,449
Debtors 6 53,741
Cash at bank and in hand 27,155
86,345
CREDITORS
Amounts falling due within one year 7 164,921
NET CURRENT LIABILITIES (78,576 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,308

CREDITORS
Amounts falling due after more than one year 8 (127,833 )

PROVISIONS FOR LIABILITIES (31,828 )
NET LIABILITIES (10,353 )

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (10,354 )
SHAREHOLDERS' FUNDS (10,353 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Telford Food Co Tsc Limited (Registered number: 15067722)

Balance Sheet - continued
31 July 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 director and authorised for issue on 17 October 2024 and were signed by:





J K Davis - Director


Telford Food Co Tsc Limited (Registered number: 15067722)

Notes to the Financial Statements
for the Period 13 August 2023 to 31 July 2024

1. STATUTORY INFORMATION

Telford Food Co Tsc Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 15067722

Registered office: 17 High Street
Aldridge
Walsall
WS9 8LX

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 15 years
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on reducing balance

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 period 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 period 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.

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.

Telford Food Co Tsc Limited (Registered number: 15067722)

Notes to the Financial Statements - continued
for the Period 13 August 2023 to 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 15,000
At 31 July 2024 15,000
AMORTISATION
Charge for period 1,000
At 31 July 2024 1,000
NET BOOK VALUE
At 31 July 2024 14,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 12,819 212,972 225,791
At 31 July 2024 12,819 212,972 225,791
DEPRECIATION
Charge for period 570 11,337 11,907
At 31 July 2024 570 11,337 11,907
NET BOOK VALUE
At 31 July 2024 12,249 201,635 213,884

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 37,731
Other debtors 16,010
53,741

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 10,839
Taxation and social security 13,292
Other creditors 140,790
164,921

Telford Food Co Tsc Limited (Registered number: 15067722)

Notes to the Financial Statements - continued
for the Period 13 August 2023 to 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 127,833

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 49,620
Between one and five years 189,860
In more than five years 399,932
639,412

The company has entered into a 15 year lease agreement for its trading premises, with an annual rent of £47,500. There is a review of the lease every 5 years.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the directors each made an interest free loan to the company as set out below.

Mr J DavisMr K DavisMr O Davis
Amount£0£72,794£64,724
Interest rate0%0%0%

Main conditions
Repayable on
demand
Repayable on
demand
Repayable on
demand
Amount repaid£0£0£0
Amount written off£0£0£0
Amounts waived£0£0£0