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REGISTERED NUMBER: 01015649 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Asia Food Products Co. Limited

Asia Food Products Co. Limited (Registered number: 01015649)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Asia Food Products Co. Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr E Tai





SECRETARY:





REGISTERED OFFICE: Kings Road
Charfleet Industrial Estate
Canvey Island
Essex
SS8 0QY





REGISTERED NUMBER: 01015649 (England and Wales)





ACCOUNTANTS: Sygma Chartered Accountants
1 Sopwith Crescent
Wickford
Essex
SS11 8YU

Asia Food Products Co. Limited (Registered number: 01015649)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 80,077 83,502
Investments 5 128,191 1,374,948
208,268 1,458,450

CURRENT ASSETS
Stocks 33,896 37,564
Debtors 6 51,275 58,712
Cash at bank and in hand 1,366,031 135,688
1,451,202 231,964
CREDITORS
Amounts falling due within one year 7 15,593 34,931
NET CURRENT ASSETS 1,435,609 197,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,643,877

1,655,483

CAPITAL AND RESERVES
Called up share capital 504 504
Retained earnings 8 1,643,373 1,654,979
SHAREHOLDERS' FUNDS 1,643,877 1,655,483

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Asia Food Products Co. Limited (Registered number: 01015649)

Balance Sheet - continued
31 October 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 director and authorised for issue on 1 June 2025 and were signed by:





Mr E Tai - Director


Asia Food Products Co. Limited (Registered number: 01015649)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Asia Food Products Co. 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 as modified by the revaluation of certain assets.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% 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 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.

Asia Food Products Co. Limited (Registered number: 01015649)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 213,239 975,743 1,188,982
Additions - 4,189 4,189
At 31 October 2024 213,239 979,932 1,193,171
DEPRECIATION
At 1 November 2023 150,483 954,997 1,105,480
Charge for year 4,265 3,349 7,614
At 31 October 2024 154,748 958,346 1,113,094
NET BOOK VALUE
At 31 October 2024 58,491 21,586 80,077
At 31 October 2023 62,756 20,746 83,502

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 1,374,948
Disposals (1,328,408 )
Revaluations 81,651
At 31 October 2024 128,191
NET BOOK VALUE
At 31 October 2024 128,191
At 31 October 2023 1,374,948

Asia Food Products Co. Limited (Registered number: 01015649)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2017 52,400
Valuation in 2018 (10,011 )
Valuation in 2019 52,216
Valuation in 2020 (52,420 )
Valuation in 2021 197,269
Valuation in 2022 (115,292 )
Valuation in 2023 30,786
Valuation in 2024 81,651
Cost (108,408 )
128,191

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 1,220,000 1,220,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 39,525 47,543
Other debtors 11,750 11,169
51,275 58,712

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 10,120 22,035
Taxation and social security 2,982 4,788
Other creditors 2,491 8,108
15,593 34,931

Asia Food Products Co. Limited (Registered number: 01015649)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. RESERVES
Retained
earnings
£   

At 1 November 2023 1,654,979
Deficit for the year (11,606 )
At 31 October 2024 1,643,373