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REGISTERED NUMBER: 04048318 (England and Wales)






















The Little Big Food Company Limited

Audited Financial Statements for the Year Ended 30th April 2024






The Little Big Food Company Limited (Registered number: 04048318)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Little Big Food Company Limited

Company Information
for the year ended 30th April 2024







DIRECTOR: N McCollum





REGISTERED OFFICE: The Granary
Dial Hall Farm
Seaton Ross
York
East Yorkshire
YO42 4NF





REGISTERED NUMBER: 04048318 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

The Little Big Food Company Limited (Registered number: 04048318)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 424,491 382,711

CURRENT ASSETS
Stocks 5 740,230 498,928
Debtors 6 2,168,575 1,763,564
Cash at bank and in hand 331,776 626,170
3,240,581 2,888,662
CREDITORS
Amounts falling due within one year 7 1,648,968 1,262,842
NET CURRENT ASSETS 1,591,613 1,625,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,016,104

2,008,531

CREDITORS
Amounts falling due after more than one
year

8

(121,747

)

(123,766

)

PROVISIONS FOR LIABILITIES (8,182 ) (9,086 )
NET ASSETS 1,886,175 1,875,679

CAPITAL AND RESERVES
Called up share capital 11 5,000 5,000
Share premium 193,243 193,243
Capital redemption reserve 1,757 1,757
Retained earnings 1,686,175 1,675,679
SHAREHOLDERS' FUNDS 1,886,175 1,875,679

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 Profit & Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th March 2025 and were signed by:





N McCollum - Director


The Little Big Food Company Limited (Registered number: 04048318)

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

The Little Big Food Company 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about The Little Big Food Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is calculated so as to write off the cost of the assets on a straight line basis over the expected useful economic lives of the assets concerned. The principal lives of assets used for this purpose are as follows:-

Computer equipment- 3 years
Fixtures and fittings- 3 years
Leasehold improvements- 1.5 years
Motor vehicles- between 5 to 10 years

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 Profit & Loss 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.


The Little Big Food Company Limited (Registered number: 04048318)

Notes to the Financial Statements - continued
for the year ended 30th April 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating lease rentals
Operating lease rentals are charged to the profit and loss account in a manner consistent with the accruals concept of accounting.

Derivatives
Where material to the financial statements, derivative financial instruments are initially measured at fair value at the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss. The company uses derivatives to reduce the risk of currency fluctuation from trading in foreign currencies. Where such derivatives are matched with a firm contract for the supply of goods fair value hedge accounting is applied to net off corresponding gains and losses in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

The Little Big Food Company Limited (Registered number: 04048318)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1st May 2023 371,847 2,925 12,975
Additions - - -
At 30th April 2024 371,847 2,925 12,975
DEPRECIATION
At 1st May 2023 - 2,925 10,856
Charge for year - - 994
At 30th April 2024 - 2,925 11,850
NET BOOK VALUE
At 30th April 2024 371,847 - 1,125
At 30th April 2023 371,847 - 2,119

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st May 2023 - 72,418 460,165
Additions 49,190 - 49,190
At 30th April 2024 49,190 72,418 509,355
DEPRECIATION
At 1st May 2023 - 63,673 77,454
Charge for year 2,869 3,547 7,410
At 30th April 2024 2,869 67,220 84,864
NET BOOK VALUE
At 30th April 2024 46,321 5,198 424,491
At 30th April 2023 - 8,745 382,711

5. STOCKS
2024 2023
£    £   
Stocks 740,230 498,928

The Little Big Food Company Limited (Registered number: 04048318)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 979,046 621,839
Amounts owed by group undertakings 1,064,218 1,064,218
Other debtors - 2,572
Directors' loan accounts - 33,165
VAT 56,930 20,165
Prepayments 68,381 21,605
2,168,575 1,763,564

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,491 16,126
Hire purchase contracts (see note 9) 14,910 -
Trade creditors 1,486,596 1,035,351
Amounts owed to parent company 20,000 20,000
Tax 49,764 102,420
Social security and other taxes 6,240 9,805
Other creditors 25,316 364
Directors' loan accounts 1,542 -
Accrued expenses 28,109 78,776
1,648,968 1,262,842

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 16,806 123,766
Bank loans - 2-5 years 92,513 -
Hire purchase contracts (see note 9) 12,428 -
121,747 123,766

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 14,910 -
Between one and five years 12,428 -
27,338 -

The Little Big Food Company Limited (Registered number: 04048318)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 18,972 3,720
Between one and five years 13,067 1,240
32,039 4,960

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 125,810 139,892

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

William Cowell ACA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
N McCollum
Balance outstanding at start of year 33,165 -
Amounts advanced 84,093 33,165
Amounts repaid (118,800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,542 ) 33,165

14. ULTIMATE CONTROLLING PARTY

The controlling party is N McCollum.

The Little Big Food Company Limited (Registered number: 04048318)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

15. ULTIMATE PARENT COMPANY

The company's immediate parent company is Broomco (2377) Limited. The company's ultimate parent company is NMGranary Holdings Limited, a company registered in England and Wales.