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REGISTERED NUMBER: 04014786 (England and Wales)



















KINGSBURY FRUIT & VEG LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






KINGSBURY FRUIT & VEG LIMITED (REGISTERED NUMBER: 04014786)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGSBURY FRUIT & VEG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: H V Kunvarji
Mrs V H Kunvarji





SECRETARY: Mrs V H Kunvarji





REGISTERED OFFICE: 56 Brampton Road
London
NW9 9DD





REGISTERED NUMBER: 04014786 (England and Wales)





ACCOUNTANTS: C. Jay & Co.
Chartered Certified Accountants
CJ House
99A Cobbold Road
London
NW10 9SL

KINGSBURY FRUIT & VEG LIMITED (REGISTERED NUMBER: 04014786)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 53,601 45,016
Investment property 5 7,209,864 7,209,864
7,263,465 7,254,880

CURRENT ASSETS
Stocks 62,556 61,161
Debtors 6 1,190,148 394,151
Cash at bank and in hand 5,927,364 6,057,005
7,180,068 6,512,317
CREDITORS
Amounts falling due within one year 7 495,063 639,830
NET CURRENT ASSETS 6,685,005 5,872,487
TOTAL ASSETS LESS CURRENT LIABILITIES 13,948,470 13,127,367

PROVISIONS FOR LIABILITIES 52,002 52,002
NET ASSETS 13,896,468 13,075,365

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 464,714 464,714
Retained earnings 13,431,752 12,610,649
SHAREHOLDERS' FUNDS 13,896,468 13,075,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

KINGSBURY FRUIT & VEG LIMITED (REGISTERED NUMBER: 04014786)

BALANCE SHEET - continued
31 JULY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





H V Kunvarji - Director


KINGSBURY FRUIT & VEG LIMITED (REGISTERED NUMBER: 04014786)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Kingsbury Fruit & Veg 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 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 provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with the Financial Reporting Standard for Smaller Entities, no depreciation is provided in respect of freehold or long leasehold investment properties. The director considers that this policy results in the accounts giving a true and fair view.

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 Income Statement, 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.

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.

KINGSBURY FRUIT & VEG LIMITED (REGISTERED NUMBER: 04014786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

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 19 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 August 2023 16,868 229,998 246,866
Additions - 22,886 22,886
Disposals - (30,465 ) (30,465 )
At 31 July 2024 16,868 222,419 239,287
DEPRECIATION
At 1 August 2023 - 201,850 201,850
Charge for year - 12,780 12,780
Eliminated on disposal - (28,944 ) (28,944 )
At 31 July 2024 - 185,686 185,686
NET BOOK VALUE
At 31 July 2024 16,868 36,733 53,601
At 31 July 2023 16,868 28,148 45,016

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 August 2023
and 31 July 2024 7,209,864
NET BOOK VALUE
At 31 July 2024 7,209,864
At 31 July 2023 7,209,864

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 86,784 139,057
Other debtors 1,103,364 255,094
1,190,148 394,151

KINGSBURY FRUIT & VEG LIMITED (REGISTERED NUMBER: 04014786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 59,817 67,790
Taxation and social security 317,016 353,985
Other creditors 118,230 218,055
495,063 639,830

8. RESERVES
Fair value
reserve
£
At 1 August 2023
and 31 July 2024 464,714