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REGISTERED NUMBER: 05055792 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ARKAY CHILLED FOODS LIMITED

ARKAY CHILLED FOODS LIMITED (REGISTERED NUMBER: 05055792)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARKAY CHILLED FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr K Azarian
Mr R S Hodges





SECRETARY: Mr R S Hodges





REGISTERED OFFICE: 4 Green Lane Business Park
238 Green Lane
New Eltham
London
SE8 3TL





REGISTERED NUMBER: 05055792 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co Ltd
Chartered Certified Accountants
4 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

ARKAY CHILLED FOODS LIMITED (REGISTERED NUMBER: 05055792)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 229,000 284,500
Tangible assets 5 175,983 167,936
404,983 452,436

CURRENT ASSETS
Stocks 351,701 367,026
Debtors 6 718,714 608,300
Cash at bank and in hand 105,348 129,754
1,175,763 1,105,080
CREDITORS
Amounts falling due within one year 7 730,214 667,458
NET CURRENT ASSETS 445,549 437,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

850,532

890,058

PROVISIONS FOR LIABILITIES 19,129 16,179
NET ASSETS 831,403 873,879

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 831,303 873,779
SHAREHOLDERS' FUNDS 831,403 873,879

ARKAY CHILLED FOODS LIMITED (REGISTERED NUMBER: 05055792)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:





Mr R S Hodges - Director


ARKAY CHILLED FOODS LIMITED (REGISTERED NUMBER: 05055792)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Arkay Chilled Foods Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the life of the lease.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ARKAY CHILLED FOODS LIMITED (REGISTERED NUMBER: 05055792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 93 (2023 - 54 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 1,110,000
AMORTISATION
At 1 July 2023 825,500
Charge for year 55,500
At 30 June 2024 881,000
NET BOOK VALUE
At 30 June 2024 229,000
At 30 June 2023 284,500

ARKAY CHILLED FOODS LIMITED (REGISTERED NUMBER: 05055792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 147,905 253,257 401,162
Additions - 59,189 59,189
Disposals - (44,436 ) (44,436 )
At 30 June 2024 147,905 268,010 415,915
DEPRECIATION
At 1 July 2023 66,557 166,669 233,226
Charge for year 7,395 32,620 40,015
Eliminated on disposal - (33,309 ) (33,309 )
At 30 June 2024 73,952 165,980 239,932
NET BOOK VALUE
At 30 June 2024 73,953 102,030 175,983
At 30 June 2023 81,348 86,588 167,936

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 709,816 582,538
Other debtors 8,898 25,762
718,714 608,300

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 530,650 545,656
Taxation and social security 37,967 20,796
Other creditors 161,597 101,006
730,214 667,458

8. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling parties are Mr K Azarian and Mr R S Hodges in respect of their 100% holding of the company's issued share capital.