Asian African Foods Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07669123

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		138,271		160,024

			138,271		160,024
CURRENT ASSETS
Stocks	5	117,000		135,000
Debtors	6	192,294		204,091
Cash at bank and in hand		4,272		3,521

		313,566		342,612
Creditors: Amounts Falling Due Within One Year	7	(173,526 )		(78,220 )

NET CURRENT ASSETS (LIABILITIES)			140,040		264,392

TOTAL ASSETS LESS CURRENT LIABILITIES			278,311		424,416

Creditors: Amounts Falling Due After More Than One Year	8		(26,667 )		(66,667 )

NET ASSETS			251,644		357,749

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			250,644		356,749

SHAREHOLDERS' FUNDS			251,644		357,749

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Asian African Foods Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Balasubramanian

Director

27/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Asian African Foods Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07669123 . The registered office is 704-708 Uxbridge Road, Hayes, Middlesex, UB4 0RX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Nill
Fixtures & Fittings	15% on reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2023: 21)

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Asian African Foods Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	15,000	682,868	697,868

As at 31 December 2024	15,000	682,868	697,868

Depreciation
As at 1 January 2024	-	537,844	537,844
Provided during the period	-	21,753	21,753

As at 31 December 2024	-	559,597	559,597

Net Book Value
As at 31 December 2024	15,000	123,271	138,271

As at 1 January 2024	15,000	145,024	160,024

5. Stocks

	2024	2023
	£	£
Finished goods	117,000	135,000

6. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	152,880	162,500
Other debtors	28,914	31,091

	181,794	193,591
Due after more than one year
Other debtors	10,500	10,500

	192,294	204,091

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Asian African Foods Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	40,000	40,000
Amounts owed to group undertakings	84,318	24,318
Other creditors	28,159	32,770
Taxation and social security	21,049	(18,868 )

	173,526	78,220

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans - CBIL	26,667	66,667

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

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