Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08025842 A Sidat R A Yusuf iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08025842 2023-06-30 08025842 2024-06-30 08025842 2023-07-01 2024-06-30 08025842 frs-core:CurrentFinancialInstruments 2024-06-30 08025842 frs-core:Non-currentFinancialInstruments 2024-06-30 08025842 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 08025842 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08025842 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 08025842 frs-core:MotorVehicles 2024-06-30 08025842 frs-core:MotorVehicles 2023-07-01 2024-06-30 08025842 frs-core:MotorVehicles 2023-06-30 08025842 frs-core:PlantMachinery 2024-06-30 08025842 frs-core:PlantMachinery 2023-07-01 2024-06-30 08025842 frs-core:PlantMachinery 2023-06-30 08025842 frs-core:ShareCapital 2024-06-30 08025842 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08025842 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08025842 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08025842 frs-bus:SmallEntities 2023-07-01 2024-06-30 08025842 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08025842 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08025842 frs-bus:Director1 2023-07-01 2024-06-30 08025842 frs-bus:Director1 2023-06-30 08025842 frs-bus:Director1 2024-06-30 08025842 frs-bus:Director2 2023-07-01 2024-06-30 08025842 frs-countries:EnglandWales 2023-07-01 2024-06-30 08025842 2022-06-30 08025842 2023-06-30 08025842 2022-07-01 2023-06-30 08025842 frs-core:CurrentFinancialInstruments 2023-06-30 08025842 frs-core:Non-currentFinancialInstruments 2023-06-30 08025842 frs-core:ShareCapital 2023-06-30 08025842 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08025842
AA Foods Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08025842
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 658,860 641,643
Investment Properties 5 253,603 253,603
912,463 895,246
CURRENT ASSETS
Stocks 6 14,136 16,329
Debtors 7 165,709 114,760
Cash at bank and in hand 1,169,949 1,027,149
1,349,794 1,158,238
Creditors: Amounts Falling Due Within One Year 8 (685,774 ) (651,780 )
NET CURRENT ASSETS (LIABILITIES) 664,020 506,458
TOTAL ASSETS LESS CURRENT LIABILITIES 1,576,483 1,401,704
Creditors: Amounts Falling Due After More Than One Year 9 (50,000 ) (264,111 )
NET ASSETS 1,526,483 1,137,593
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,526,383 1,137,493
SHAREHOLDERS' FUNDS 1,526,483 1,137,593
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Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A Sidat
Director
19th June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AA Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08025842 . The registered office is 109 Coleman Road, Leicester, LE5 4LE.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on surplus at the rate expected to apply when the property is sold.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. 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 statement of financial position date.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
2.7. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 July 2023 652,848 262,632 62,145 977,625
Additions - 34,354 62,110 96,464
As at 30 June 2024 652,848 296,986 124,255 1,074,089
Depreciation
As at 1 July 2023 103,107 201,802 31,073 335,982
Provided during the period 13,051 35,133 31,063 79,247
As at 30 June 2024 116,158 236,935 62,136 415,229
Net Book Value
As at 30 June 2024 536,690 60,051 62,119 658,860
As at 1 July 2023 549,741 60,830 31,072 641,643
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 253,603
Investment property comprise freehold land and building. No depreciation is provided in respect of this property.
The fair value of the property has been arrived at on the basis of a valuation provided by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
The director has confirmed the property is reflected at fair value based on market evidence of transaction prices to similar properties and their rental yields.
6. Stocks
2024 2023
£ £
Stock 14,136 16,329
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 131,381 79,856
Other debtors 34,328 34,904
165,709 114,760
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 235,729 224,919
Bank loans and overdrafts - 22,200
Other loans 52,223 51,045
Amounts owed to participating interests 150,664 150,664
Other creditors 76,713 72,822
Taxation and social security 170,445 130,130
685,774 651,780
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 187,955
Other loans - 26,156
Other creditors 50,000 50,000
50,000 264,111
10. Secured Creditors
The bank loan is secured against 109 Crafton Road East, Leicester, 7-9 Brougham Street, Leicester and over all assets of the company.
Other loan represents loan from company's pension scheme which is secured by way of fixed and floating charge against all the property or undertaking of the company.
The following secured debts are included within creditors:
2024 2023
£ £
Bank loans and overdrafts - 210,155
Other Creditors 52,222 77,201
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Ashraf Sidat (5,694 ) - - - (5,694 )
The above loan is unsecured, interest free and repayable on demand.
13. Related Party Transactions
The company owed a sum of £150,664 (2023: £150,664) to other companies which are owned and controlled by majority shareholders and directors of the company. The relevant amount is included within creditors note 8.
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