Registered number
04063419
YUMMIE'S FASTFOOD SUPPLIES LIMITED
Filleted Accounts
30 September 2024
YUMMIE'S FASTFOOD SUPPLIES LIMITED
Registered number: 04063419
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,049,744 1,030,684
Investments 4 359,156 359,156
1,408,900 1,389,840
Current assets
Stocks 721,516 1,099,639
Debtors 5 1,905,560 1,587,016
Cash at bank and in hand 837,780 673,276
3,464,856 3,359,931
Creditors: amounts falling due within one year 6 (1,804,444) (1,849,218)
Net current assets 1,660,412 1,510,713
Net assets 3,069,312 2,900,553
Capital and reserves
Called up share capital 198 198
Profit and loss account 3,069,114 2,900,355
Shareholders' funds 3,069,312 2,900,553
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
R Tekir
Director
Approved by the board on 25 June 2025
YUMMIE'S FASTFOOD SUPPLIES LIMITED
Notes to the Accounts
for the year ended 30 September 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:
Freehold buildings not depreciated
Plant and machinery over 4 years
Motor vehicles over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 32 48
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 896,766 303,183 515,820 1,715,769
Additions - - 109,126 109,126
At 30 September 2024 896,766 303,183 624,946 1,824,895
Depreciation
At 1 October 2023 - 271,906 413,179 685,085
Charge for the year - 28,571 61,495 90,066
At 30 September 2024 - 300,477 474,674 775,151
Net book value
At 30 September 2024 896,766 2,706 150,272 1,049,744
At 30 September 2023 896,766 31,277 102,641 1,030,684
4 Investments
Other
investments
£
Cost
At 1 October 2023 359,156
At 30 September 2024 359,156
5 Debtors 2024 2023
£ £
Trade debtors 1,905,560 1,587,016
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 157,376
Trade creditors 1,669,156 1,555,182
Taxation and social security costs 99,079 110,105
Other creditors 36,209 26,555
1,804,444 1,849,218
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 164,677 102,940
Vehicle finance secured against the vehicles themselves.
8 Other information
YUMMIE'S FASTFOOD SUPPLIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
15 Queensway Meadows
Newport
Gwent
NP19 4SP
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