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REGISTERED NUMBER: 06269589 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Foodari Limited

Foodari Limited (Registered number: 06269589)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Foodari Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: T Parker
J Parker





SECRETARY: T Parker





REGISTERED OFFICE: Howletts Farm
Knockwood Lane
Molash
Canterbury
Kent
CT4 8HW





REGISTERED NUMBER: 06269589 (England and Wales)





ACCOUNTANTS: Brightling & Co Accountants Ltd
Vine Hall Farm
Bethersden
Ashford
Kent
TN26 3JY

Foodari Limited (Registered number: 06269589)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,231 47,599

CURRENT ASSETS
Stocks 82,987 80,276
Debtors 5 1,773,416 1,476,373
Cash at bank and in hand 192,285 44,520
2,048,688 1,601,169
CREDITORS
Amounts falling due within one year 6 1,608,319 1,268,712
NET CURRENT ASSETS 440,369 332,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,600

380,056

CREDITORS
Amounts falling due after more than one
year

7

(91,667

)

(141,667

)

PROVISIONS FOR LIABILITIES (6,058 ) (10,496 )
NET ASSETS 426,875 227,893

CAPITAL AND RESERVES
Called up share capital 50,025 132,525
Retained earnings 376,850 95,368
426,875 227,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Foodari Limited (Registered number: 06269589)

Balance Sheet - continued
30 June 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 12 November 2024 and were signed on its behalf by:





J Parker - Director


Foodari Limited (Registered number: 06269589)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Foodari 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.

Plant & machinery - 3-10 years straight line
Motor vehicles - 10 years straight line
Fixtures & fittings - 10 years straight line
Office equipment - 2-4 years straight line

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.

Foodari Limited (Registered number: 06269589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 53 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 182,149
Additions 54,912
Disposals (26,541 )
At 30 June 2024 210,520
DEPRECIATION
At 1 July 2023 134,550
Charge for year 18,010
Eliminated on disposal (26,271 )
At 30 June 2024 126,289
NET BOOK VALUE
At 30 June 2024 84,231
At 30 June 2023 47,599

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,607,074 1,328,489
Other debtors 166,342 147,884
1,773,416 1,476,373

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,569 147,643
Trade creditors 872,886 724,473
Taxation and social security 150,459 27,357
Other creditors 534,405 369,239
1,608,319 1,268,712

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 91,667 141,667