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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
Page
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Chocofruit Trading Ltd Company Information for the year ended 30 April 2024
Director
David Kah
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
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Chocofruit Trading Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,028 
31,770 
Current assets
Inventories
11,700 
- 
Debtors
- 
108,536 
Cash at bank and in hand
445,245 
183,938 
456,945 
292,474 
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
Deferred tax
(7,007)
- 
Net assets
260,953 
105,096 
Capital and reserves
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
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Chocofruit Trading Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Pension costs
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
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.
Financial instruments
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
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.
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Chocofruit Trading Ltd Notes to the Accounts for the year ended 30 April 2024
Leased assets
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 taxation
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 
Additions
4,565 
- 
4,565 
At 30 April 2024
20,561 
24,019 
44,580 
Depreciation
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 
Net book value
At 30 April 2024
15,443 
12,585 
28,028 
At 30 April 2023
14,990 
16,780 
31,770 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
12,585 
16,780 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
108,536 
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Chocofruit Trading Ltd Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
95,039 
14,999 
Obligations under finance leases and hire purchase contracts
4,561 
4,538 
Trade creditors
- 
133,782 
Taxes and social security
76,039 
16,929 
Other creditors
16,242 
22 
Loans from directors
17,846 
34,895 
Accruals
3,350 
- 
213,077 
205,165 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,936 
9,070 
Other creditors
- 
4,913 
3,936 
13,983 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
7,007 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
7,007 
- 
Provision at end of year
7,007 
- 
9
Loans to directors
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.
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