Company Registration No. 13328149 (England and Wales)
Chocofruit Trading Ltd
Unaudited accounts
for the year ended 30 April 2024
Chocofruit Trading Ltd
Unaudited accounts
Contents
Chocofruit Trading Ltd
Company Information
for the year ended 30 April 2024
Company Number
13328149 (England and Wales)
Registered Office
Co striveX Ltd Beacon House Ibstone Road
Stokenchurch
High Wycombe
Buckinghamshire
HP14 3FE
England
Accountants
striveX Ltd
Beacon House
Ibstone Road
Stokenchurch
Buckinghamshire
HP14 3FE
Chocofruit Trading Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
28,028
31,770
Cash at bank and in hand
445,245
183,938
Creditors: amounts falling due within one year
(213,077)
(205,165)
Net current assets
243,868
87,309
Total assets less current liabilities
271,896
119,079
Creditors: amounts falling due after more than one year
(3,936)
(13,983)
Provisions for liabilities
Net assets
260,953
105,096
Called up share capital
1
1
Profit and loss account
260,952
105,095
Shareholders' funds
260,953
105,096
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
David Kah
Director
Company Registration No. 13328149
Chocofruit Trading Ltd
Notes to the Accounts
for the year ended 30 April 2024
Chocofruit Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 13328149. The registered office is Co striveX Ltd Beacon House Ibstone Road, Stokenchurch, High Wycombe, Buckinghamshire, HP14 3FE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
25% Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Chocofruit Trading Ltd
Notes to the Accounts
for the year ended 30 April 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
15,996
24,019
40,015
At 30 April 2024
20,561
24,019
44,580
At 1 May 2023
1,006
7,239
8,245
Charge for the year
4,112
4,195
8,307
At 30 April 2024
5,118
11,434
16,552
At 30 April 2024
15,443
12,585
28,028
At 30 April 2023
14,990
16,780
31,770
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
12,585
16,780
Amounts falling due within one year
Chocofruit Trading Ltd
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,561
4,538
Taxes and social security
76,039
16,929
Loans from directors
17,846
34,895
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,936
9,070
8
Deferred taxation
2024
2023
Accelerated capital allowances
7,007
-
Charged to the profit and loss account
7,007
-
Provision at end of year
7,007
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
(34,895)
26,643
9,594
(17,846)
(34,895)
26,643
9,594
(17,846)
10
Average number of employees
During the year the average number of employees was 17 (2023: 14).
11
Reconciliations on adoption of FRS 102
The company has adopted FRS 102 for the first time in the current financial year. As a result of this transition, there were no adjustments required to the opening balance of equity or to the comparative financial statements.