ANTONIOU_FOOD_GROUP_LIMITED_31_Dec_2024_companies_house_set_of

Antoniou Food Group Limited

Statement of Financial Position

31 December 2024

		2024		2023
	Note	£		£
Fixed assets
Intangible assets	5	65,600		82,000
Tangible assets	6	449,430		457,589
		515,030		539,589
Current assets
Stocks		15,000		23,446
Debtors	7	2,249		21,000
Cash at bank and in hand		20,794		29,152
		38,043		73,598
Creditors: amounts falling due within one year	8	(264,838	)	(309,181	)
Net current liabilities		(226,795	)	(235,583	)
Total assets less current liabilities		288,235		304,006
Creditors: amounts falling due after more than one year	9	(75,244	)	(99,648	)
Net assets		212,991		204,358
Capital and reserves
Called up share capital		100		100
Profit and loss account		212,891		204,258
Shareholders funds		212,991		204,358

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.

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

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.

These

financial statements

were approved by the board of directors and authorised for issue on

16 September 2025

, and are signed on behalf of the board by:

C Antoniou

Director

Company registration number:

11457274

Antoniou Food Group Limited

Notes to the Financial Statements

Year ended

31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Bramhall House, 14 Ack Lane East

Bramhall

Stockport

SK7 2BY

, England.

2 Statement of compliance

These

financial statements

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

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired. Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

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

Fixtures and fittings	25% reducing balance
Plant and machinery	15% straight line
Office equipment	33.33% straight line

Defined contribution pension plan

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 Average number of employees

The average number of persons employed by the company during the year was

(2023:

7.00

5 Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	164,000
Amortisation
At 1 January 2024	82,000
Charge	16,400
At 31 December 2024	98,400
Carrying amount
At 31 December 2024	65,600
At 31 December 2023	82,000

6 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 January 2024	414,065	74,443	488,508
Additions	-	3,003	3,003
At 31 December 2024	414,065	77,446	491,511
Depreciation
At 1 January 2024	-	30,919	30,919
Charge	-	11,162	11,162
At 31 December 2024	-	42,081	42,081
Carrying amount
At 31 December 2024	414,065	35,365	449,430
At 31 December 2023	414,065	43,524	457,589

7 Debtors

	2024	2023
	£	£
Trade debtors	1,435	-
Other debtors	814	21,000
	2,249	21,000

8 Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	22,397	22,397
Trade creditors	1,680	1,703
Taxation and social security	29,614	33,854
Other creditors	211,147	251,227
	264,838	309,181

9 Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans and overdrafts	75,244		99,648