Unique Fine Foods Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03977838

UNIQUE FINE FOODS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

UNIQUE FINE FOODS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		37,386	55,972

Current assets

Stocks		134,263	111,180
Debtors	6	631,441	594,454
Cash at bank and in hand		294,046	367,932
		-------------	-------------
		1,059,750	1,073,566

Creditors: amounts falling due within one year	7	( 513,925)		( 501,842)
		-------------		-------------
Net current assets			545,825	571,724
			----------	----------
Total assets less current liabilities			583,211	627,696

Provisions

Taxation including deferred tax	( 8,273)	( 10,975)
	----------	----------
Net assets	574,938	616,721
	----------	----------

UNIQUE FINE FOODS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	574,838	616,621
	----------	----------
Shareholders funds	574,938	616,721
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 3 September 2025 , and are signed on behalf of the board by:

A J Wellings-Thomas

Director

Company registration number: 03977838

UNIQUE FINE FOODS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Windsor House, A1 Business Park at, Long Bennington, Notts, NG23 5JR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 3, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. - Significant judgements There have been no judgements that management has made in the process of applying the entity's accounting policies that have made a significant effect on the amounts recognised in the financial statements. - Key sources of estimation uncertainty The company sells food products and its stock can become subject to obsolescence. As a result it is necessary to consider the recoverability of the cost of certain stock items and the associated provisioning required. When making these assessments management considers the nature and condition of the stocks.

Revenue recognition

The turnover shown in the profit and loss account represents the value of all work done during the period, exclusive of Value Added Tax. Turnover is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the sale have been transferred to the customer.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	20% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, on a first-in-first-out basis, after making due allowance for obsolete and slow moving items.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	24,798	70,473	95,271
Additions	2,838	–	2,838
Disposals	( 904)	( 18,500)	( 19,404)
	---------	---------	---------
At 31 March 2025	26,732	51,973	78,705
	---------	---------	---------
Depreciation
At 1 April 2024	12,663	26,636	39,299
Charge for the year	3,148	7,794	10,942
Disposals	( 742)	( 8,180)	( 8,922)
	---------	---------	---------
At 31 March 2025	15,069	26,250	41,319
	---------	---------	---------
Carrying amount
At 31 March 2025	11,663	25,723	37,386
	---------	---------	---------
At 31 March 2024	12,135	43,837	55,972
	---------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	614,615	571,830
Other debtors	16,826	22,624
	----------	----------
	631,441	594,454
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	422,192	474,588
Corporation tax	78,579	19,145
Social security and other taxes	4,772	1,668
Other creditors	8,382	6,441
	----------	----------
	513,925	501,842
	----------	----------