BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the provision of selling and distribution of food services. 23 January 2025 2 2 NI649605 2024-01-31 NI649605 2023-01-31 NI649605 2022-01-31 NI649605 2023-02-01 2024-01-31 NI649605 2022-02-01 2023-01-31 NI649605 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI649605 uk-curr:PoundSterling 2023-02-01 2024-01-31 NI649605 uk-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI649605 uk-bus:AbridgedAccounts 2023-02-01 2024-01-31 NI649605 uk-core:ShareCapital 2024-01-31 NI649605 uk-core:ShareCapital 2023-01-31 NI649605 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI649605 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI649605 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI649605 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 NI649605 uk-bus:FRS102 2023-02-01 2024-01-31 NI649605 uk-core:PlantMachinery 2023-02-01 2024-01-31 NI649605 2023-02-01 2024-01-31 NI649605 uk-bus:Director1 2023-02-01 2024-01-31 NI649605 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
VF FoodService Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 January 2024



VF FoodService Limited
Company Registration Number: NI649605
ABRIDGED BALANCE SHEET
as at 31 January 2024

2024 2023
Notes £ £
 
Fixed Assets
 
Tangible assets 5 389 519
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Current Assets
 
Stocks 286,436 -
 
Debtors 581,426 347,500
 
Cash at bank and in hand 271,079 639,239
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1,138,941 986,739
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Creditors: amounts falling due within one year (1,355,635) (1,208,541)
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Net Current Liabilities (216,694) (221,802)
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Total Assets less Current Liabilities (216,305) (221,283)
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Capital and Reserves
 
Called up share capital 1 1
 
Retained earnings (216,306) (221,284)
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Shareholders' Deficit (216,305) (221,283)
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 23 January 2025 and signed on its behalf by
           
           
           
________________________________          
Vincent Flanagan          
Director          
           



VF FoodService Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
VF FoodService Limited is a private company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is NI649605. The registered office of the company is 76 Brackenagh West Road, Ballymartin, Co. Down, BT34 4PP, Northern Ireland.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The financial statements cover the individual entity, VF Foodservice Limited for the financial year ended 31st January 2024.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The company as of 31st January 2024 has accumulated losses forward of £216,305. The company director's have offered assurance that they will continue to financially support the company until such time as it returns to profitability or has been refinanced. As such, the accounts are prepared on a going concern basis.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was
 
  2024 2023
  Number Number
 
Directors 2 2
  ═════════ ═════════
       
5. Tangible assets
  Plant and machinery Total
     
     
  £ £
Cost
At 1 February 2023 649 649
  ───────── ─────────
 
At 31 January 2024 649 649
  ───────── ─────────
Depreciation
At 1 February 2023 130 130
Charge for the financial year 130 130
  ───────── ─────────
At 31 January 2024 260 260
  ───────── ─────────
Net book value
At 31 January 2024 389 389
  ═════════ ═════════
At 31 January 2023 519 519
  ═════════ ═════════
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.