Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31truetrue2024-01-01falseRetail and distribition of daliry products, eggs and eliable oils and fats33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11040409 2024-01-01 2024-12-31 11040409 2023-01-01 2023-12-31 11040409 2024-12-31 11040409 2023-12-31 11040409 c:Director1 2024-01-01 2024-12-31 11040409 c:Director3 2024-01-01 2024-12-31 11040409 c:RegisteredOffice 2024-01-01 2024-12-31 11040409 d:PlantMachinery 2024-01-01 2024-12-31 11040409 d:PlantMachinery 2024-12-31 11040409 d:PlantMachinery 2023-12-31 11040409 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11040409 d:ComputerEquipment 2024-01-01 2024-12-31 11040409 d:ComputerEquipment 2024-12-31 11040409 d:ComputerEquipment 2023-12-31 11040409 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11040409 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11040409 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11040409 d:ComputerSoftware 2024-12-31 11040409 d:ComputerSoftware 2023-12-31 11040409 d:CurrentFinancialInstruments 2024-12-31 11040409 d:CurrentFinancialInstruments 2023-12-31 11040409 d:Non-currentFinancialInstruments 2024-12-31 11040409 d:Non-currentFinancialInstruments 2023-12-31 11040409 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11040409 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11040409 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11040409 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11040409 d:ShareCapital 2024-12-31 11040409 d:ShareCapital 2023-12-31 11040409 d:SharePremium 2024-12-31 11040409 d:SharePremium 2023-12-31 11040409 d:RetainedEarningsAccumulatedLosses 2024-12-31 11040409 d:RetainedEarningsAccumulatedLosses 2023-12-31 11040409 c:FRS102 2024-01-01 2024-12-31 11040409 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11040409 c:FullAccounts 2024-01-01 2024-12-31 11040409 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11040409 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 11040409 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 11040409 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 11040409














MED CUISINE (EU/UK) LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
MED CUISINE (EU/UK) LTD
 
 
COMPANY INFORMATION


Directors
O Aharonovich 
C E Watt Smith 




Registered number
11040409



Registered office
3rd Floor
86-90 Paul Street

London

United Kingdom

EC2A 4NE




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
MED CUISINE (EU/UK) LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
MED CUISINE (EU/UK) LTD
REGISTERED NUMBER:11040409

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible fixed assets
 4 
2,941
5,107

Tangible fixed assets
 5 
3,736
5,434

  
6,677
10,541

Current assets
  

Stocks
  
386,319
326,000

Debtors: amounts falling due within one year
 6 
361,520
281,722

Cash at bank and in hand
  
21,332
31,393

  
769,171
639,115

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(732,865)
(617,257)

Net current assets
  
 
 
36,306
 
 
21,858

Total assets less current liabilities
  
42,983
32,399

Creditors: amounts falling due after more than one year
 8 
(155,284)
(165,660)

  

Net liabilities
  
(112,301)
(133,261)


Capital and reserves
  

Called up share capital 
  
144
144

Share premium account
  
191,198
191,198

Profit and loss account
  
(303,643)
(324,603)

  
(112,301)
(133,261)


Page 1

 
MED CUISINE (EU/UK) LTD
REGISTERED NUMBER:11040409
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




O Aharonovich
Director

Date: 17 July 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MED CUISINE (EU/UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Med Cuisine (EU/UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 86-90 Paul Street, London, United Kingdom, EC2A 4NE.
The principal activity of the company continued to be that of the retail and distribution of Mediterranean and Middle Eastern food products.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have the continued support from its lenders and has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, other sales related taxes and is recognised at the point of sale.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website
-
5
years

Page 3

 
MED CUISINE (EU/UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
on straight line
Computer equipment
-
33%
on straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
MED CUISINE (EU/UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
MED CUISINE (EU/UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Website

£



Cost


At 1 January 2024
13,662


Additions
653



At 31 December 2024

14,315



Amortisation


At 1 January 2024
8,555


Charge for the year on owned assets
2,820



At 31 December 2024

11,375



Net book value



At 31 December 2024
2,940



At 31 December 2023
5,107



Page 6

 
MED CUISINE (EU/UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost 


At 1 January 2024
5,275
3,323
8,598



At 31 December 2024

5,275
3,323
8,598



Depreciation


At 1 January 2024
967
2,197
3,164


Charge for the year on owned assets
1,055
643
1,698



At 31 December 2024

2,022
2,840
4,862



Net book value



At 31 December 2024
3,253
483
3,736



At 31 December 2023
4,308
1,126
5,434


6.


Debtors

2024
2023
£
£


Trade debtors
278,659
200,770

Other debtors
35,179
66,417

Prepayments and accrued income
47,682
14,535

361,520
281,722


Page 7

 
MED CUISINE (EU/UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
12,582
15,669

Bank loans
10,376
10,119

Trade creditors
665,759
537,864

Other taxation and social security
370
-

Other creditors
40,030
38,330

Accruals and deferred income
3,748
15,275

732,865
617,257



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,284
15,660

Other loans
150,000
150,000

155,284
165,660


The bank loans above are guaranteed by the UK Government under the Bounce Bank Loan Scheme.


9.


Related party transactions

Included within other creditors are amounts totalling £38,029 (2023 - £38,330) owed to the directors.  These amounts are interest free and repayable on demand.

 
Page 8