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8. SHARE PREMIUM ACCOUNT

Share premium account

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Registered number: 06017632






True Foods Ltd


ACCOUNTS

FOR THE YEAR ENDED 31/12/2024


ACCOUNTS
FOR THE YEAR ENDED 31/12/2024





DIRECTORS
Andrew Mitchell



SECRETARY
Jacqueline Barbara Mitchell


REGISTERED OFFICE
Unit 8, Hallikeld Close
Barker Business Park
Melmerby
Yorkshire
HG4 5GZ


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06017632


ACCOUNTS
FOR THEYEARENDED31/12/2024



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Tangible assets	3		587,380		489,447

CURRENT ASSETS
Stock		219,729		21,089
Debtors	5	1,821,633		1,549,791
Cash at bank and in hand		1,806,639		1,772,021
		3,848,001		3,342,901
CREDITORS: Amounts falling due within one year	6	959,259		875,633
NET CURRENT ASSETS			2,888,742		2,467,268
TOTAL ASSETS LESS CURRENT LIABILITIES			3,476,122		2,956,715

CAPITAL AND RESERVES

Called up share capital	7		167		167
Share premium account	8		119,933		119,933
Profit and loss account			3,356,022		2,836,615
SHAREHOLDERS' FUNDS			3,476,122		2,956,715

For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 18/09/2025 and signed on their behalf by



.............................
Andrew Mitchell
Director




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 20%




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




3. TANGIBLE FIXED ASSETS

	Plant and
	Machinery	Total
	£	£
Cost
At 01/01/2024	988,815	988,815
Additions	244,778	244,778
At 31/12/2024	1,233,593	1,233,593
Depreciation
At 01/01/2024	499,368	499,368
For the year	146,845	146,845
At 31/12/2024	646,213	646,213
Net Book Amounts
At 31/12/2024	587,380	587,380
At 31/12/2023	489,447	489,447




4. STOCK	2024	2023
	£	£
Stock comprises:

Stock	219,729	21,089
	219,729	21,089




5. DEBTORS	2024	2023
	£	£
Amounts falling due within one year
Trade debtors	1,232,196	1,249,626
VAT	46,286	36,591
Other debtors	20,000	-
Prepayments	523,151	12,553
Directors current account	-	251,021
	1,821,633	1,549,791




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
UK corporation tax	318,058	357,873
PAYE control	68,577	63,673
Trade creditors	515,184	386,179
Other creditors	-	67,908
Accruals	57,440	-
	959,259	875,633




7. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
167 Class 1 shares of £1 each	167	167
	167	167




9. CONTROLLING PARTY
The company is controlled by Andrew Mitchell, the director, and Jacqueline Mitchell, the company secretary, by virtue of their majority joint shareholdings.




10. PRIOR YEAR ADJUSTMENT
There have been no prior year adjustments in the year (2023: £284,997)




2. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	82	79