Registered number
06508835
TOTALFOOD DISTRIBUTION LIMITED
Filleted Accounts
30 April 2024
TOTALFOOD DISTRIBUTION LIMITED
Registered number: 06508835
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 45,000 45,000
Tangible assets 4 979,085 1,003,980
1,024,085 1,048,980
Current assets
Stocks 255,466 190,410
Debtors 5 642,211 641,123
Cash at bank and in hand 40,834 90,667
938,511 922,200
Creditors: amounts falling due within one year 6 (518,839) (504,602)
Net current assets 419,672 417,598
Total assets less current liabilities 1,443,757 1,466,578
Creditors: amounts falling due after more than one year 7 (1,025,013) (1,011,519)
Provisions for liabilities (82,618) (82,618)
Net assets 336,126 372,441
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 299,497 299,497
Profit and loss account 36,529 72,845
Shareholders' funds 336,126 372,442
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Rahman
Director
Approved by the board on 28.01.2025
TOTALFOOD DISTRIBUTION LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20 % Reducing Balance
Motor vehicles 25 % Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 11
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 45,000
At 30 April 2024 45,000
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 45,000
At 30 April 2023 45,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 900,000 202,060 345,897 1,447,957
At 30 April 2024 900,000 202,060 345,897 1,447,957
Depreciation
At 1 May 2023 - 180,050 263,927 443,977
Charge for the year - 4,402 20,493 24,895
At 30 April 2024 - 184,452 284,420 468,872
Net book value
At 30 April 2024 900,000 17,608 61,477 979,085
At 30 April 2023 900,000 22,010 81,970 1,003,980
5 Debtors 2024 2023
£ £
Trade debtors 365,236 365,338
Other debtors 276,975 275,785
642,211 641,123
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 99,746 97,551
Trade creditors 390,625 357,853
Taxation and social security costs 27,066 45,260
Other creditors 1,402 3,938
518,839 504,602
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 388,587 466,551
Obligations under finance lease and hire purchase contracts 60,060 85,633
Other creditors 576,366 459,335
1,025,013 1,011,519
8 Revaluation reserve 2024 2023
£ £
At 1 May 2023 299,497 299,497
At 30 April 2024 299,497 299,497
9 Related party transactions
Total Food Processing Ltd
Both companies are under common control
During the year ended 30th April 2024, Total food processing Ltd £272,431 owed to Total food Distribution Ltd. As at 30th April 2023 amount owed was £257,568. This is included in other other debtors.
Amount due from Total food Processing Ltd 272,431 257,568
VMS Pharmacy Limited
Both companies are under common control
During the year ended 30th April 2024, VMS Pharmacy Ltd was owed £292,069 by Total Food Distribution Limited. As at 30th April 2023 amount owed was £283,069 . This is included in other creditors.
Amount due to VMS Pharmacy Limited 292,069 283,069
N9 Ltd
Both companies are under common control
During the year ended 30th April 2024, N9 Ltd was owed £86,000. As at 30th April 2023 amount owed was £40,000. This is included in other creditors.
Amount due to VMS Pharmacy Limited 86,000 40,000
10 Controlling party
The director controls the company by the virtue of a controlling interest of 100% (directly or indirectly) of the issued share capital.
11 Other information
TOTALFOOD DISTRIBUTION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Charter House
8-10 Station Road
Manor Park
London
E12 5BT
TOTALFOOD DISTRIBUTION LIMITED 06508835 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2022 Mr R Rahman No description of principal activity 06508835 2022-05-01 2023-04-30 06508835 core:WithinOneYear 2023-04-30 06508835 core:AfterOneYear 2023-04-30 06508835 core:ShareCapital 2023-04-30 06508835 core:OtherReservesSubtotal 2023-04-30 06508835 core:RetainedEarningsAccumulatedLosses 2023-04-30 06508835 core:RevaluationReserve 2022-04-30 06508835 2023-05-01 2024-04-30 06508835 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06508835 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06508835 bus:Director40 2023-05-01 2024-04-30 06508835 1 2023-05-01 2024-04-30 06508835 2 2023-05-01 2024-04-30 06508835 core:LandBuildings 2023-05-01 2024-04-30 06508835 core:PlantMachinery 2023-05-01 2024-04-30 06508835 core:Vehicles 2023-05-01 2024-04-30 06508835 countries:England 2023-05-01 2024-04-30 06508835 bus:FRS102 2023-05-01 2024-04-30 06508835 bus:FullAccounts 2023-05-01 2024-04-30 06508835 2024-04-30 06508835 core:WithinOneYear 2024-04-30 06508835 core:AfterOneYear 2024-04-30 06508835 core:ShareCapital 2024-04-30 06508835 core:OtherReservesSubtotal 2024-04-30 06508835 core:RetainedEarningsAccumulatedLosses 2024-04-30 06508835 core:Goodwill 2024-04-30 06508835 core:LandBuildings 2024-04-30 06508835 core:PlantMachinery 2024-04-30 06508835 core:Vehicles 2024-04-30 06508835 core:RevaluationReserve 2024-04-30 06508835 2023-04-30 06508835 core:Goodwill 2023-04-30 06508835 core:LandBuildings 2023-04-30 06508835 core:PlantMachinery 2023-04-30 06508835 core:Vehicles 2023-04-30 06508835 core:RevaluationReserve 2023-04-30 iso4217:GBP xbrli:pure