Registered number
10883753
Delight Foods International Limited
Filleted Accounts
31 July 2024
Delight Foods International Limited
Registered number: 10883753
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 403,951 296,691
Current assets
Stocks 10,875 5,975
Debtors 4 98,115 56,799
Cash at bank and in hand 861,975 806,698
970,965 869,472
Creditors: amounts falling due within one year 5 (20,204) (32,420)
Net current assets 950,761 837,052
Total assets less current liabilities 1,354,712 1,133,743
Creditors: amounts falling due after more than one year 6 (935,639) (886,965)
Net assets 419,073 246,778
Capital and reserves
Called up share capital 100 100
Profit and loss account 418,973 246,678
Shareholder's funds 419,073 246,778
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Victoria Boatey
Director
Approved by the board on 11 April 2025
Delight Foods International Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer and other equipment 25% SL
Motor vehicle 20% RB
Plant and machinery 15% RB
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 4
3 Tangible fixed assets
Computer & other equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 15,000 357,137 64,395 436,532
Additions - 180,972 - 180,972
At 31 July 2024 15,000 538,109 64,395 617,504
Depreciation
At 1 August 2023 3,750 106,463 29,628 139,841
Charge for the year 3,750 64,747 5,215 73,712
At 31 July 2024 7,500 171,210 34,843 213,553
Net book value
At 31 July 2024 7,500 366,899 29,552 403,951
At 31 July 2023 11,250 250,674 34,767 296,691
4 Debtors 2024 2023
£ £
Trade debtors 44,667 15,324
Other debtors 53,448 41,475
98,115 56,799
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,377 10,614
Taxation and social security costs 5,077 15,134
Other creditors 4,750 6,672
20,204 32,420
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,582 19,208
Other creditors 927,057 867,757
935,639 886,965
7 Events during and after the reporting date
Delight Foods International Ltd has identified the construction of a new factory as a strategic investment to enhance operational efficiency, expand production capabilities, and support long-term growth. This development aligns with the company’s commitment to innovation and meeting increasing demand.
The factory project involves an estimated capital expenditure of £450,000 and is expected to be funded through a combination of internal reserves and external shareholder financing. The anticipated completion date is 1 June 2025, with projected positive impacts on revenue, cost management, and market competitiveness.
This investment reflects our forward-looking approach to growth, ensuring scalability and sustainability for the business in the coming years.
8 Other information
Delight Foods International Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Hoylake Gardens
Mitcham
Surrey
CR4 1ET
Delight Foods International Limited 10883753 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 Victoria Boatey No description of principal activity 10883753 2022-08-01 2023-07-31 10883753 core:WithinOneYear 2023-07-31 10883753 core:AfterOneYear 2023-07-31 10883753 core:ShareCapital 2023-07-31 10883753 core:RetainedEarningsAccumulatedLosses 2023-07-31 10883753 2023-08-01 2024-07-31 10883753 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10883753 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10883753 bus:Director40 2023-08-01 2024-07-31 10883753 1 2023-08-01 2024-07-31 10883753 2 2023-08-01 2024-07-31 10883753 core:LandBuildings 2023-08-01 2024-07-31 10883753 core:PlantMachinery 2023-08-01 2024-07-31 10883753 core:Vehicles 2023-08-01 2024-07-31 10883753 1 2023-08-01 2024-07-31 10883753 countries:England 2023-08-01 2024-07-31 10883753 bus:FRS102 2023-08-01 2024-07-31 10883753 bus:FilletedAccounts 2023-08-01 2024-07-31 10883753 2024-07-31 10883753 core:WithinOneYear 2024-07-31 10883753 core:AfterOneYear 2024-07-31 10883753 core:ShareCapital 2024-07-31 10883753 core:RetainedEarningsAccumulatedLosses 2024-07-31 10883753 core:LandBuildings 2024-07-31 10883753 core:PlantMachinery 2024-07-31 10883753 core:Vehicles 2024-07-31 10883753 2023-07-31 10883753 core:LandBuildings 2023-07-31 10883753 core:PlantMachinery 2023-07-31 10883753 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure