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REGISTERED NUMBER: 11671004 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Prime Food Distribution Ltd

Prime Food Distribution Ltd (Registered number: 11671004)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prime Food Distribution Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: K R Cheema
A S Cheema
Mrs S Azam





SECRETARY:





REGISTERED OFFICE: Unit 33 Middlemore Road
Middlemore Business Centre
Smethwick
Birmingham
B66 2EP





REGISTERED NUMBER: 11671004 (England and Wales)





ACCOUNTANTS: M.F Khan & Co
375 Coventry Road
Smal Heath
Birmingham
West Midlands
B10 0SW

Prime Food Distribution Ltd (Registered number: 11671004)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,097 8,116

CURRENT ASSETS
Stocks 658,902 748,927
Debtors 5 1,080,520 912,747
Cash at bank and in hand 66,795 24,256
1,806,217 1,685,930
CREDITORS
Amounts falling due within one year 6 1,460,797 1,410,383
NET CURRENT ASSETS 345,420 275,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,517

283,663

CREDITORS
Amounts falling due after more than one
year

7

(16,465

)

(26,465

)

PROVISIONS FOR LIABILITIES (3,225 ) -
NET ASSETS 339,827 257,198

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 339,727 257,098
339,827 257,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

Prime Food Distribution Ltd (Registered number: 11671004)

Balance Sheet - continued
30 November 2024


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 29 August 2025 and were signed on its behalf by:





Mrs S Azam - Director


Prime Food Distribution Ltd (Registered number: 11671004)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Prime Food Distribution Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 16 ) .

Prime Food Distribution Ltd (Registered number: 11671004)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 18,612
Additions 10,680
At 30 November 2024 29,292
DEPRECIATION
At 1 December 2023 10,496
Charge for year 4,699
At 30 November 2024 15,195
NET BOOK VALUE
At 30 November 2024 14,097
At 30 November 2023 8,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 1,049,605 880,564
Other debtors 30,915 32,183
1,080,520 912,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 1,279,005 1,185,590
Taxation and social security 59,676 72,172
Other creditors 122,116 152,621
1,460,797 1,410,383

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 16,465 26,465

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 26,465