Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-29falsefalse2023-09-01trueNo description of principal activity77trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07359287 2023-09-01 2024-08-31 07359287 2022-09-01 2023-08-31 07359287 2024-08-31 07359287 2023-08-31 07359287 c:Director1 2023-09-01 2024-08-31 07359287 d:Buildings d:ShortLeaseholdAssets 2023-09-01 2024-08-31 07359287 d:Buildings d:ShortLeaseholdAssets 2024-08-31 07359287 d:Buildings d:ShortLeaseholdAssets 2023-08-31 07359287 d:PlantMachinery 2023-09-01 2024-08-31 07359287 d:PlantMachinery 2024-08-31 07359287 d:PlantMachinery 2023-08-31 07359287 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07359287 d:MotorVehicles 2023-09-01 2024-08-31 07359287 d:MotorVehicles 2024-08-31 07359287 d:MotorVehicles 2023-08-31 07359287 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07359287 d:FurnitureFittings 2023-09-01 2024-08-31 07359287 d:FurnitureFittings 2024-08-31 07359287 d:FurnitureFittings 2023-08-31 07359287 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07359287 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07359287 d:CurrentFinancialInstruments 2024-08-31 07359287 d:CurrentFinancialInstruments 2023-08-31 07359287 d:Non-currentFinancialInstruments 2024-08-31 07359287 d:Non-currentFinancialInstruments 2023-08-31 07359287 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 07359287 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07359287 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 07359287 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 07359287 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 07359287 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 07359287 d:ShareCapital 2024-08-31 07359287 d:ShareCapital 2023-08-31 07359287 d:RetainedEarningsAccumulatedLosses 2024-08-31 07359287 d:RetainedEarningsAccumulatedLosses 2023-08-31 07359287 c:FRS102 2023-09-01 2024-08-31 07359287 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07359287 c:FullAccounts 2023-09-01 2024-08-31 07359287 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07359287 2 2023-09-01 2024-08-31 07359287 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 07359287









GEORGIOS UK WHOLESALE FOODS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
GEORGIOS UK WHOLESALE FOODS LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9


 
GEORGIOS UK WHOLESALE FOODS LIMITED
REGISTERED NUMBER: 07359287

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,346
25,352

  
20,346
25,352

Current assets
  

Stocks
  
25,763
44,120

Debtors: amounts falling due within one year
 5 
331,542
355,053

Cash at bank and in hand
 6 
20,777
32,828

  
378,082
432,001

Creditors: amounts falling due within one year
 7 
(378,617)
(424,572)

Net current (liabilities)/assets
  
 
 
(535)
 
 
7,429

Total assets less current liabilities
  
19,811
32,781

Creditors: amounts falling due after more than one year
 8 
(17,974)
(30,002)

  

Net assets
  
1,837
2,779


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,835
2,777

  
1,837
2,779


Page 1

 
GEORGIOS UK WHOLESALE FOODS LIMITED
REGISTERED NUMBER: 07359287
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers 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 director acknowledges his 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 income and retained earnings 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: 




................................................
C Georgio
Director

Date: 29 May 2025

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

Page 2

 
GEORGIOS UK WHOLESALE FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Georgios UK Wholesale Foods Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London N3 1LF. The registered number is 07359287.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
GEORGIOS UK WHOLESALE FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Taxation

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.

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
50% reducing balance
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance

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 4

 
GEORGIOS UK WHOLESALE FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are
Page 5

 
GEORGIOS UK WHOLESALE FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)

initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. 


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 6

 
GEORGIOS UK WHOLESALE FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
36,513
78,063
92,380
13,942
220,898


Additions
-
-
-
1,777
1,777



At 31 August 2024

36,513
78,063
92,380
15,719
222,675



Depreciation


At 1 September 2023
36,513
71,432
77,651
9,951
195,547


Charge for the year on owned assets
-
1,658
3,682
1,442
6,782



At 31 August 2024

36,513
73,090
81,333
11,393
202,329



Net book value



At 31 August 2024
-
4,973
11,047
4,326
20,346



At 31 August 2023
-
6,630
14,730
3,992
25,352

Page 7

 
GEORGIOS UK WHOLESALE FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
43,836
58,821

Amounts owed by joint ventures and associated undertakings
63,362
63,362

Other debtors
221,543
215,485

Prepayments and accrued income
2,801
17,385

331,542
355,053



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,777
32,828

20,777
32,828



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
10,200
10,200

Trade creditors
274,003
342,334

Corporation tax
41,280
53,436

Other taxation and social security
7,633
491

Other creditors
40,129
13,661

Accruals and deferred income
5,372
4,450

378,617
424,572


Page 8

 
GEORGIOS UK WHOLESALE FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,048
23,076

Other loans
6,926
6,926

17,974
30,002



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
10,200
10,200


10,200
10,200


Amounts falling due 2-5 years

Bank loans
11,048
23,076

Other loans
6,926
6,926


17,974
30,002


28,174
40,202



10.


Transactions with directors

Included in other debtors is an amount of £51,020 due to the company from the director (2023: £44,196).
Interest has been applied at a commercial rate of 2.25% in regard to this.

 
Page 9