Registered number
12892677
CHEF’S CHOICE FRUIT AND PRODUCE LTD
Filleted Accounts
30 September 2024
CHEF’S CHOICE FRUIT AND PRODUCE LTD
Registered number: 12892677
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 12,501 -
Tangible assets 4 217,246 210,653
229,747 210,653
Current assets
Stocks 23,250 13,600
Debtors 5 487,514 370,234
Cash at bank and in hand 104,612 78,908
615,376 462,742
Creditors: amounts falling due within one year 6 (443,004) (321,650)
Net current assets 172,372 141,092
Total assets less current liabilities 402,119 351,745
Creditors: amounts falling due after more than one year 7 (101,211) (104,966)
Net assets 300,908 246,779
Capital and reserves
Called up share capital 1 1
Profit and loss account 300,907 246,778
Shareholders' funds 300,908 246,779
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.
Walid Abdelhalim Aly Gab Alla
Director
Approved by the board on 30 June 2025
CHEF’S CHOICE FRUIT AND PRODUCE LTD
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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 47 49
3 Intangible fixed assets £
Goodwill:
Cost
Additions 12,501
At 30 September 2024 12,501
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 12,501
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 41,784 210,863 252,647
Additions 2,120 37,230 39,350
At 30 September 2024 43,904 248,093 291,997
Depreciation
At 1 October 2023 10,971 31,023 41,994
Charge for the year 8,569 24,188 32,757
At 30 September 2024 19,540 55,211 74,751
Net book value
At 30 September 2024 24,364 192,882 217,246
At 30 September 2023 30,813 179,840 210,653
5 Debtors 2024 2023
£ £
Trade debtors 487,514 370,234
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 137,320 42,729
Taxation and social security costs 54,365 61,144
Other creditors 251,319 217,777
443,004 321,650
7 Creditors: amounts falling due after one year 2024 2023
£ £
BIBBY LEASING LTD 62,255 74,293
Other creditors 38,956 30,673
101,211 104,966
8 Other information
CHEF’S CHOICE FRUIT AND PRODUCE LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 17 Spaces Business Centre
15-17 Ingate Place
London
England
SW8 3NS
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