Registered number
14434644
Kwality Vegetables & Fruit Limited
Filleted Accounts
31 October 2024
Kwality Vegetables & Fruit Limited
Registered number: 14434644
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 680 -
Current assets
Stocks 28,076 11,090
Debtors 3 171,974 927
Cash at bank and in hand 25,591 3,660
225,641 15,677
Creditors: amounts falling due within one year 4 (32,582) (13,621)
Net current assets 193,059 2,056
Total assets less current liabilities 193,739 2,056
Creditors: amounts falling due after more than one year 5 (133,790) -
Net assets 59,949 2,056
Capital and reserves
Called up share capital 50 50
Profit and loss account 59,899 2,006
Shareholders' funds 59,949 2,056
Average number of employees 2 1
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.
Mr Sanjeev Sharma Mr Surinder Ram
Director
Approved by the board on 18 July 2025
Kwality Vegetables & Fruit Limited
Notes to the Accounts
for the year ended 31 October 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.
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.
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.
2 Tangible fixed assets
Office equipment
£
Cost
Additions 850
At 31 October 2024 850
Depreciation
Charge for the year 170
At 31 October 2024 170
Net book value
At 31 October 2024 680
3 Debtors 2024 2023
£ £
Trade debtors 168,743 -
Vat repayment 3,231 927
171,974 927
4 Creditors: amounts falling due within one year 2024 2023
£ £
Directors' current account 8,045 11,950
Corporation tax 22,737 471
Other creditors and accruals 1,800 1,200
32,582 13,621
5 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors 133,790 -
6 Controlling party
The directors control the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued share capital.
7 Other information
Kwality Vegetables & Fruit Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 57
The Hub
Nobel Way
Birmingham
B6 7EU
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