Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31trueManufacture of prepared meals and dishes2023-11-01false3635trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03930505 2023-11-01 2024-10-31 03930505 2022-11-01 2023-10-31 03930505 2024-10-31 03930505 2023-10-31 03930505 c:Director4 2023-11-01 2024-10-31 03930505 d:Buildings 2023-11-01 2024-10-31 03930505 d:Buildings 2024-10-31 03930505 d:Buildings 2023-10-31 03930505 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03930505 d:PlantMachinery 2023-11-01 2024-10-31 03930505 d:PlantMachinery 2024-10-31 03930505 d:PlantMachinery 2023-10-31 03930505 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03930505 d:FurnitureFittings 2023-11-01 2024-10-31 03930505 d:FurnitureFittings 2024-10-31 03930505 d:FurnitureFittings 2023-10-31 03930505 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03930505 d:OfficeEquipment 2023-11-01 2024-10-31 03930505 d:OfficeEquipment 2024-10-31 03930505 d:OfficeEquipment 2023-10-31 03930505 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03930505 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03930505 d:CurrentFinancialInstruments 2024-10-31 03930505 d:CurrentFinancialInstruments 2023-10-31 03930505 d:Non-currentFinancialInstruments 2024-10-31 03930505 d:Non-currentFinancialInstruments 2023-10-31 03930505 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 03930505 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 03930505 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 03930505 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 03930505 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 03930505 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 03930505 d:ShareCapital 2024-10-31 03930505 d:ShareCapital 2023-10-31 03930505 d:SharePremium 2024-10-31 03930505 d:SharePremium 2023-10-31 03930505 d:RevaluationReserve 2024-10-31 03930505 d:RevaluationReserve 2023-10-31 03930505 d:RetainedEarningsAccumulatedLosses 2024-10-31 03930505 d:RetainedEarningsAccumulatedLosses 2023-10-31 03930505 c:FRS102 2023-11-01 2024-10-31 03930505 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03930505 c:FullAccounts 2023-11-01 2024-10-31 03930505 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03930505 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 03930505










THE AUTHENTIC CURRY COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
THE AUTHENTIC CURRY COMPANY LIMITED
REGISTERED NUMBER: 03930505

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,670,984
892,357

  
1,670,984
892,357

Current assets
  

Stocks
  
402,084
385,191

Debtors: amounts falling due within one year
 5 
423,678
357,983

Cash at bank and in hand
 6 
220,530
244,880

  
1,046,292
988,054

Creditors: amounts falling due within one year
 7 
(534,184)
(412,803)

Net current assets
  
 
 
512,108
 
 
575,251

Total assets less current liabilities
  
2,183,092
1,467,608

Creditors: amounts falling due after more than one year
 8 
(660,893)
(315,854)

Provisions for liabilities
  

Deferred tax
  
(119,760)
(74,344)

  
 
 
(119,760)
 
 
(74,344)

Accruals and deferred income
  
(266,526)
(282,251)

Net assets
  
1,135,913
795,159


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Share premium account
  
30,850
30,850

Revaluation reserve
  
96,801
120,618

Profit and loss account
  
1,003,262
638,691

  
1,135,913
795,159


Page 1

 
THE AUTHENTIC CURRY COMPANY LIMITED
REGISTERED NUMBER: 03930505
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




James Nigel Owen Williams
Director

Date: 5 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE AUTHENTIC CURRY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

The Authentic Curry Company Limited is a limited company, incorporated in England and Wales. The registered office address is stated on the Company information page.
The presentation currency of the financial statements is the Pound Sterling (£). 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover represents net invoices sales of goods, excluding value added tax. Revenue is recognised on the despatch of goods, when the risks and rewards of ownership transfer to the customer.

  
2.3

Other income

Rental income is recognised evenly over the duration of the underlying lease or agreement.

  
2.4

Government grants

Government grants are recognised as assets at such time there is reasonable assurance that the company will comply with the conditions attached to the grant and that the grant will be received. Grants are measured at the fair value of the asset receivable.
Grants are recognised as income once any performance related conditions are met. Where grants are received in advance of the revenue recognition criteria being met, they are recognised as deferred income.

Page 3

 
THE AUTHENTIC CURRY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

  
2.5

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Stock provisions
Stock holdings are assessed for indicators of obsolescence at each balance sheet date. If there is objective evidence of obsolescence, a provision is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
THE AUTHENTIC CURRY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
2% on cost
Plant and machinery
-
25% on cost and 10% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
THE AUTHENTIC CURRY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.15

Going Concern

The directors have reviewed their expectations of the company's future profitability, likely cash flows
and asset base. The current economic climate carries risks to the company in the form of rising
commodity and supply costs, rising employment costs and the availability of resources. However, the
directors monitor such risks closely and proactively plan and act to mitigate their impact where
possible.
The directors believe that the company is well placed to manage its business risks successfully and
have a reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in
preparing the financial statements.

Page 6

 
THE AUTHENTIC CURRY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

  
2.16

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 fiancé 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.


3.


Employees

The average monthly number of employees, including directors, during the year was 36 (2023 - 35).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
880,335
656,484
103,101
75,335
1,715,255


Additions
334,538
497,845
1,700
-
834,083


Disposals
-
(69,120)
(402)
(4,234)
(73,756)



At 31 October 2024

1,214,873
1,085,209
104,399
71,101
2,475,582



Depreciation


At 1 November 2023
155,080
508,343
93,965
65,510
822,898


Charge for the year on owned assets
17,508
30,207
2,319
5,422
55,456


Disposals
-
(69,120)
(402)
(4,234)
(73,756)



At 31 October 2024

172,588
469,430
95,882
66,698
804,598



Net book value



At 31 October 2024
1,042,285
615,779
8,517
4,403
1,670,984



At 31 October 2023
725,255
148,140
9,136
9,826
892,357

Page 7

 
THE AUTHENTIC CURRY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
390,031
339,964

Other debtors
31,266
15,811

Prepayments and accrued income
2,381
2,208

423,678
357,983



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
220,530
244,880

220,530
244,880



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
18,197
19,396

Other loans
39,167
12,500

Trade creditors
416,900
304,452

Corporation tax
-
7,412

Other taxation and social security
-
21,518

Other creditors
1,316
428

Accruals and deferred income
58,604
47,097

534,184
412,803


Page 8

 
THE AUTHENTIC CURRY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
176,101
191,895

Other loans
484,792
123,959

660,893
315,854


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Bank loans due over 5 years
86,168
99,656

Other loans due over 5 years
366,667
20,000

452,835
119,656




9.

Secured Debt

The following secured debts are included within creditors:

2024
2023
        £
        £
Bank loans

194,298

211,292
 

194,298

211,292
 

Bank loans are secured against the company's fixed assets.


10.


Accruals and deferred income

2024
2023
£
£

1 to 2 years
266,526
282,251

266,526
282,251


 
Page 9