REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
FOR |
TODD MEAT TRADING COMPANY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
FOR |
TODD MEAT TRADING COMPANY LIMITED |
TODD MEAT TRADING COMPANY LIMITED (REGISTERED NUMBER: 02403553) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
TODD MEAT TRADING COMPANY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2025 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
5 White Oak Square |
London Road |
Swanley |
Kent |
BR8 7AG |
TODD MEAT TRADING COMPANY LIMITED (REGISTERED NUMBER: 02403553) |
BALANCE SHEET |
31 MARCH 2025 |
2025 | 2024 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
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. |
TODD MEAT TRADING COMPANY LIMITED (REGISTERED NUMBER: 02403553) |
BALANCE SHEET - continued |
31 MARCH 2025 |
The financial statements were approved by the Board of Directors and authorised for issue on |
TODD MEAT TRADING COMPANY LIMITED (REGISTERED NUMBER: 02403553) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
1. | STATUTORY INFORMATION |
Todd Meat Trading Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable from meat and poultry wholesale, net of VAT and trade discounts. |
Revenue is recognised when goods have been delivered to the customer. |
Tangible fixed assets |
Motor vehicles | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
TODD MEAT TRADING COMPANY LIMITED (REGISTERED NUMBER: 02403553) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
Functional currency |
The functional currency of the company is the Great British Pound ("GBP"). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Exchange gains or losses arising from the foreign currency transactions are included in the determination of net income (loss) for the respective periods. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
TODD MEAT TRADING COMPANY LIMITED (REGISTERED NUMBER: 02403553) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
At 1 April 2024 |
Disposals | ( |
) |
At 31 March 2025 |
DEPRECIATION |
At 1 April 2024 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2024 |
and 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
Prepayments |
TODD MEAT TRADING COMPANY LIMITED (REGISTERED NUMBER: 02403553) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
A debenture dated June 2007 was created for securing all monies due to National Westminster Bank plc. |
8. | PROVISIONS FOR LIABILITIES |
2025 | 2024 |
£ | £ |
Deferred tax |
Accelerated capital allowances | - | 2,574 |
Deferred |
tax |
£ |
Balance at 1 April 2024 |
Deferred tax | (2,574 | ) |
Balance at 31 March 2025 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2025 | 2024 |
value: | £ | £ |
Ordinary shares | 1 | 92,000 | 92,000 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2024 |
Profit for the year |
Dividends | ( |
) |
At 31 March 2025 |
TODD MEAT TRADING COMPANY LIMITED (REGISTERED NUMBER: 02403553) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
11. | RELATED PARTY DISCLOSURES |
During the year the company declared a dividend of £160,000 to Mr R K Todd & Mrs N J Todd. |
During the year the company declared a dividend of £40,000 to Mrs L J Deller & Mr C P Deller. |
At the year end United Foods Direct Limited owed the company £34,535 (2024; £58,942) with £34,535 (2024; £58,942) being disclosed as a trade debtor and £NIL (2024; £NIL) as an other debtor. |
During the year the company also sold £278,986 (2024; £224,836) of goods to United Foods Direct Limited. |
During the year the company received rent of £NIL (2024; £NIL) from United Foods Direct Limited. |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is R K Todd. |