Registered number
15591734
MNA Wholesale Fruit and Veg Ltd
Report and Financial Statements
31 March 2025
MNA Wholesale Fruit and Veg Ltd
Registered number: 15591734
Director's Report
The director presents his report and financial statements for the period ended 31 March 2025.
Principal activities
The company's principal activity during the period was wholesale of fruit and vegetables.
Directors
The following persons served as directors during the period :
Mr M N Ahmad
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 8 August 2025 and signed on its behalf.
Mr M N Ahmad
Director
MNA Wholesale Fruit and Veg Ltd
Profit and Loss Account
for the period from 25 March 2024 to 31 March 2025
2025
£
Turnover 7,659,746
Cost of sales (6,173,879)
Gross profit 1,485,867
Administrative expenses (272,408)
Operating profit 1,213,459
Interest receivable 27
Interest payable (469)
Profit on ordinary activities before taxation 1,213,017
Tax on profit on ordinary activities (8,143)
Profit for the period 1,204,874
MNA Wholesale Fruit and Veg Ltd
Registered number: 15591734
Balance Sheet
as at 31 March 2025
Notes 2025
£ £
Fixed assets
Tangible assets 3 536,779
Current assets
Stocks 162,548
Debtors 4 686,200
Cash at bank and in hand 509,637
1,358,385
Creditors: amounts falling due within one year 5 (355,907)
Net current assets 1,002,478
Total assets less current liabilities 1,539,257
Creditors: amounts falling due after more than one year 6 (334,382)
Net assets 1,204,875
Capital and reserves
Called up share capital 1
Profit and loss account 1,204,874
Shareholder's funds 1,204,875
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 M N Ahmad
Director
Approved by the board on 8 August 2025
MNA Wholesale Fruit and Veg Ltd
Notes to the Accounts
for the period from 25 March 2024 to 31 March 2025
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.
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:
Plant and machinery 10% straight line basis
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.
2 Employees 2025
Number
Average number of persons employed by the company 6
3 Tangible fixed assets
Plant and Machinery Total
£ £
Cost
Additions 596,421 596,421
At 31 March 2025 596,421 596,421
Depreciation
Charge for the period 59,642 59,642
At 31 March 2025 59,642 59,642
Net book value
At 31 March 2025 536,779 536,779
4 Debtors 2025
£
Trade debtors 678,341
Other debtors 7,859
686,200
5 Creditors: amounts falling due within one year 2025
£
Trade creditors 325,179
Corporation tax 8,143
Other taxes and social security costs 14,259
Other creditors 8,326
355,907
6 Creditors: amounts falling due after one year 2025
£
Other creditors 334,382
334,382
7 Other information
MNA Wholesale Fruit and Veg Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Causton Cottages
Galsworthy Avenue
London
E14 7QN
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