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REGISTERED NUMBER: 12629964 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

The 3 A Food Company Limited
T/A
Soko

The 3 A Food Company Limited (Registered number: 12629964)
T/A Soko






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The 3 A Food Company Limited
T/A Soko

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Antona
A D Antona





REGISTERED OFFICE: Leofric House
18B Binley Road
Coventry
West Midlands
CV3 1JN





REGISTERED NUMBER: 12629964 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

The 3 A Food Company Limited (Registered number: 12629964)
T/A Soko

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,047 9,380
Tangible assets 5 134,754 146,887
138,801 156,267

CURRENT ASSETS
Stocks 5,500 3,981
Debtors 6 25,946 13,042
Cash at bank 5,998 428
37,444 17,451
CREDITORS
Amounts falling due within one year 7 709,369 362,845
NET CURRENT LIABILITIES (671,925 ) (345,394 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(533,124

)

(189,127

)

CREDITORS
Amounts falling due after more than one
year

8

(62,025

)

(89,962

)

PROVISIONS FOR LIABILITIES (34,701 ) (36,719 )
NET LIABILITIES (629,850 ) (315,808 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (629,950 ) (315,908 )
(629,850 ) (315,808 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 3 A Food Company Limited (Registered number: 12629964)
T/A Soko

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





A Antona - Director


The 3 A Food Company Limited (Registered number: 12629964)
T/A Soko

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The 3 A Food Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over 3 years
Improvements to property - Straight line over 10 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 Statement of Income and Retained Earnings, 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.


The 3 A Food Company Limited (Registered number: 12629964)
T/A Soko

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
At the balance sheet date the company's liabilities exceed its assets by £629,950 (2023: £315,908). This deficit is funded by the company's directors. The company is therefore reliant on the financial support of the directors in order to continue trading. In the opinion of the directors, this support will continue for the foreseeable future in which circumstances, it is considered appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result in the company ceasing to trade.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 16,000
AMORTISATION
At 1 April 2023 6,620
Charge for year 5,333
At 31 March 2024 11,953
NET BOOK VALUE
At 31 March 2024 4,047
At 31 March 2023 9,380

The 3 A Food Company Limited (Registered number: 12629964)
T/A Soko

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2023 3,595 3,750 153,323
Additions - - 16,130
Disposals - - -
At 31 March 2024 3,595 3,750 169,453
DEPRECIATION
At 1 April 2023 1,764 688 27,775
Charge for year 1,198 375 20,572
Eliminated on disposal - - -
At 31 March 2024 2,962 1,063 48,347
NET BOOK VALUE
At 31 March 2024 633 2,687 121,106
At 31 March 2023 1,831 3,062 125,548

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 13,286 4,900 2,015 180,869
Additions - - 1,095 17,225
Disposals - (4,900 ) - (4,900 )
At 31 March 2024 13,286 - 3,110 193,194
DEPRECIATION
At 1 April 2023 2,528 153 1,074 33,982
Charge for year 1,629 671 838 25,283
Eliminated on disposal - (825 ) - (825 )
At 31 March 2024 4,157 (1 ) 1,912 58,440
NET BOOK VALUE
At 31 March 2024 9,129 1 1,198 134,754
At 31 March 2023 10,758 4,747 941 146,887

The 3 A Food Company Limited (Registered number: 12629964)
T/A Soko

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 10,829
At 31 March 2024 10,829
DEPRECIATION
Charge for year 1,218
At 31 March 2024 1,218
NET BOOK VALUE
At 31 March 2024 9,611

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 13,505 1,161
Other debtors 2,750 2,750
VAT 772 2,679
Prepayments 8,919 6,452
25,946 13,042

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 36,296 32,714
Trade creditors 6,401 3,756
Amounts owed to associates 628,940 314,365
Social security and other taxes 27,898 3,300
Pension Creditor 988 524
Accrued expenses 8,846 8,186
709,369 362,845

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 62,025 89,962

The 3 A Food Company Limited (Registered number: 12629964)
T/A Soko

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 36,296 32,714
Between one and five years 62,025 89,962
98,321 122,676

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 5,500 11,000
Between one and five years - 5,500
5,500 16,500

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 98,321 122,676

The hire purchase creditor is secured on the asset purchased under the agreement.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of the company are the directors of the parent company Mr and Mrs Antona by virtue of there shareholding in the holding company 3A Leisure Group Limited.