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REGISTERED NUMBER: 02403553 (England and Wales)











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: R K Todd
Mrs L Deller
S Akhurst





SECRETARY: Mrs L Deller





REGISTERED OFFICE: The Nucleus Business & Innovation Centre
Brunel Way
Dartford
Kent
DA1 5GA





REGISTERED NUMBER: 02403553 (England and Wales)





ACCOUNTANTS: Sargeant Partnership Limited
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 - 10,294
Investments 5 81,001 81,001
81,001 91,295

CURRENT ASSETS
Stocks 803,646 763,934
Debtors 6 3,091,156 3,505,047
Cash at bank and in hand 1,014,500 735,213
4,909,302 5,004,194
CREDITORS
Amounts falling due within one year 7 1,987,163 2,318,191
NET CURRENT ASSETS 2,922,139 2,686,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,003,140

2,777,298

PROVISIONS FOR LIABILITIES 8 - 2,574
NET ASSETS 3,003,140 2,774,724

CAPITAL AND RESERVES
Called up share capital 9 92,000 92,000
Retained earnings 10 2,911,140 2,682,724
SHAREHOLDERS' FUNDS 3,003,140 2,774,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:




R K Todd - Director



Mrs L Deller - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% per annum on reducing balance

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 11 (2024 - 11 ) .

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 24,122
Disposals (24,122 )
At 31 March 2025 -
DEPRECIATION
At 1 April 2024 13,828
Charge for year 858
Eliminated on disposal (14,686 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 10,294

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 March 2025 81,001
NET BOOK VALUE
At 31 March 2025 81,001
At 31 March 2024 81,001

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,077,235 3,489,162
Other debtors 2,412 2,412
VAT 10,796 12,784
Prepayments 713 689
3,091,156 3,505,047

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 1,809,814 2,124,364
Tax 153,898 170,458
Social security and other taxes 22,790 22,637
Other creditors 661 732
1,987,163 2,318,191

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 2,574
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: £    £   
92,000 Ordinary shares 1 92,000 92,000

10. RESERVES
Retained
earnings
£   

At 1 April 2024 2,682,724
Profit for the year 428,416
Dividends (200,000 )
At 31 March 2025 2,911,140

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.