ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 01714460

THE FOODSERVICE CENTRE LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 DECEMBER 2024

THE FOODSERVICE CENTRE LIMITED

REGISTERED NUMBER:01714460

STATEMENT OF FINANCIAL POSITION

AS AT 29 DECEMBER 2024

		2024		2023
Note		£		£

FIXED ASSETS
Intangible assets	4		-		20,460
Tangible assets	5		970,790		965,434
			970,790		985,894
CURRENT ASSETS
Debtors: amounts falling due within one year	6	3,182,097		3,179,836
Cash at bank and in hand		80,768		352,401
		3,262,865		3,532,237
Creditors: amounts falling due within one year	7	(3,627,877)		(3,743,109)
NET CURRENT LIABILITIES			(365,012)		(210,872)
TOTAL ASSETS LESS CURRENT LIABILITIES			605,778		775,022
Creditors: amounts falling due after more than one year	8		(91,365)		(255,455)
PROVISIONS FOR LIABILITIES
Deferred tax	10	(116,717)		(115,351)
NET ASSETS			397,696		404,216

CAPITAL AND RESERVES
Called up share capital		100	100
Revaluation reserve	11	276,313	276,313
Profit and loss account	11	121,283	127,803
		397,696	404,216

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr P M James

Director

Date: 15 September 2025

The notes on pages 3 to 15 form part of these financial statements.

Page 1

THE FOODSERVICE CENTRE LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 29 DECEMBER 2024

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 30 December 2022	100	276,313	144,090	420,503
COMPREHENSIVE INCOME FOR THE YEAR
Profit for the year	-	-	55,713	55,713
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	-	-	55,713	55,713
Dividends: Equity capital	-	-	(72,000)	(72,000)
TOTAL TRANSACTIONS WITH OWNERS	-	-	(72,000)	(72,000)

At 30 December 2023	100	276,313	127,803	404,216
COMPREHENSIVE INCOME FOR THE YEAR
Profit for the year	-	-	65,480	65,480
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	-	-	65,480	65,480
Dividends: Equity capital	-	-	(72,000)	(72,000)
TOTAL TRANSACTIONS WITH OWNERS	-	-	(72,000)	(72,000)
AT 29 DECEMBER 2024	100	276,313	121,283	397,696

The notes on pages 3 to 15 form part of these financial statements.

Page 2

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

1.	GENERAL INFORMATION

The Foodservice Centre Limited is a private company limited by shares and incorporated in England & Wales, registered number 01714460. The registered office is the Foodservice Centre, Cheddar Business Park, Wedmore Road, Cheddar, Somerset, BS27 3EB. The principal activities of the company are Foodservice Management & Consultancy.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of FSC Group Limited as at 29 December 2024 and these financial statements may be obtained from Cheddar Business Park, Wedmore Road, Cheddar, Somerset, BS27 3EB.

2.3

GOING CONCERN

The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Directors' Report.
On the basis of their assessment of the Company's financial position, the company's directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future. They therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 3

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.4

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.5

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.6

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.7

RESEARCH AND DEVELOPMENT

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.8

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.9

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.10

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.11

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.12

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.13

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Computer software

years

2.14

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.14

TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	Nil
Motor vehicles	-	25%
Fixtures and fittings	-	20%
Computer equipment	-	25 - 33.3%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.15

REVALUATION OF TANGIBLE FIXED ASSETS

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.16

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.17

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.18

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.19

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.20

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Page 8

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.20

FINANCIAL INSTRUMENTS (CONTINUED)

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.21

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 74 (2023: 76).

Page 9

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

4.	INTANGIBLE ASSETS

		Computer software
		£
	COST
	At 30 December 2023	108,600
	At 29 December 2024	108,600
	AMORTISATION
	At 30 December 2023	88,140
	Charge for the year on owned assets	20,460
	At 29 December 2024	108,600
	NET BOOK VALUE
	At 29 December 2024	-
	At 29 December 2023	20,460

Page 10

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

5.	TANGIBLE FIXED ASSETS

	Freehold property	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
COST OR VALUATION
At 30 December 2023	665,000	66,771	369,151	397,062	1,497,984
Additions	-	-	59,009	46,066	105,075
At 29 December 2024	665,000	66,771	428,160	443,128	1,603,059
DEPRECIATION
At 30 December 2023	-	66,771	191,873	273,906	532,550
Charge for the year on owned assets	-	-	49,672	50,047	99,719
At 29 December 2024	-	66,771	241,545	323,953	632,269
NET BOOK VALUE
At 29 December 2024	665,000	-	186,615	119,175	970,790
At 29 December 2023	665,000	-	177,278	123,156	965,434

Cost or valuation at 29 December 2024 is as follows:

			Land and buildings
			£

		AT COST	375,487
		AT VALUATION:
		Accumulated valuations	289,513

			665,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
	2024	2023
	£	£


Cost	375,487	375,487
Accumulated depreciation	(178,796)	(171,646)
NET BOOK VALUE	196,691	203,841

Page 11

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

DEBTORS

					2024	2023
					£	£


Trade debtors	1,158,785	1,545,121
Amounts owed by group undertakings	644,451	356,832
Amounts owed by joint ventures and associated undertakings	1,031,909	1,069,995
Other debtors	-	1,922
Prepayments and accrued income	346,952	205,966
	3,182,097	3,179,836

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		£	£

Bank loans	164,090	164,090
Trade creditors	1,092,615	1,089,973
Amounts owed to group undertakings	303,938	-
Corporation tax	16,817	17,660
Other taxation and social security	300,633	413,380
Proceeds of factored debts	196,596	417,210
Other creditors	27,482	46,461
Accruals and deferred income	1,525,706	1,594,335
	3,627,877	3,743,109

					2024	2023
					£	£

OTHER TAXATION AND SOCIAL SECURITY
PAYE/NI control	95,393	92,773
VAT control	205,240	320,607
	300,633	413,380

Page 12

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

8.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2024	2023
		£	£

Bank loans	91,365	255,455
	91,365	255,455

Secured loans
Bank loans and overdrafts are secured by the Company by the way of mortgage charge on the freehold
property.
There is a £75,000 overdraft facility repayable on demand.
There is an unlimited debenture in place since 6 September 2004, including the right to set-off.
In the year ended 29 December 2020, the company was advanced £600,000 and £275,000 as part of the Coronavirus Business Interruption Loan Scheme.
The loan terms are both over 6 years with repayment instalments commencing 7 months and 12 months
respectively from the date of drawdown.
Interest is charged at 1.46% and 2.44% respectively, with the first 12 months being paid by the
Government.
At the year end, the amounts outstanding were £91,365 and £164,090 respectively.

AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans	164,090	164,090
AMOUNTS FALLING DUE 1-2 YEARS
Bank loans	91,365	164,091
AMOUNTS FALLING DUE 2-5 YEARS
Bank loans	-	91,364

	255,455	419,545

Page 13

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

10.	DEFERRED TAXATION

	2024	2023
	£	£

At beginning of year	(115,351)	(97,359)
Charged to profit or loss	(1,366)	(17,992)
AT END OF YEAR	(116,717)	(115,351)

The provision for deferred taxation is made up as follows:
	2024	2023
	£	£

Fixed asset timing differences	110,912	112,932
Short term timing differences	(3,039)	(6,425)
Capital gains	8,844	8,844
	116,717	115,351

11.

RESERVES

Revaluation reserve

The revaluation reserve relates to the accumulated surpluses and deficits on revaluation of the property.

Profit and loss account

The profit and loss account relates to the accumulated profits and losses earned by the company.

12.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £120,615 (2023: £104,738). Contributions totalling £23,423 (2023: £42,402) were payable to the fund at the balance sheet date and are included within creditors.

13.DIRECTORS' PERSONAL GUARANTEES

The Directors have provided personal guarantees totalling £100,000.

Page 14

THE FOODSERVICE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

14.

RELATED PARTY TRANSACTIONS

JustDuring the year ending 29 December 2024 the company paid FSC Group Limited a dividend totalling £72,000 (2023: £72,000). At the period end the FSC Group Ltd owed The Foodservice Centre Limited £132,026 (2023: £135,431). This amount is included within debtors.
During the year the FSC Direct Limited was charged £3,889,119(2023: £3,190,524) for food products less product margin & overheard charges by The Foodservice Centre Limited. At the period end £303,938(2023: -£69,500) was due from The Foodservice Centre Limited to FSC Direct Limited. This amount is included within creditors.
The Foodservice Centre Limited was charged £34,747 (2023: £53,174) by The Foodservice Centre Instore Limited, a company under common control, in respect of consultancy less management costs. At the period end, £234,708 (2023: £272,434) was owed by FSC lnstore Ltd to The Foodservice Centre Limited.
During the period The Foodservice Centre Limited charged FSC CEE Limited £290,830 (2023: £198,102) in relation to services, expenses and overhead charges. At the period end, The Foodservice Centre Limited was owed £512,425 (2023: £151,900) by FSC CEE Limited.
The Foodservice Centre Limited was charged £34,747 (2023: £53,174) by The Foodservice Centre lnstore Limited, a company under common control, in respect of consultancy less management costs. At the period end, £234,708 (2023: £272,434) was owed by FSC lnstore Ltd to The Foodservice Centre Limited.
At the period end, The Foodservice Centre limited was owed £797,201 (2023: £797,561) by Foodservice Quality Foods Ltd. This is included in debtors.
At the period end, The Foodservice Centre Limited owed AP Simpson, a director £3,315(2023: £3,315

). This amount is included within creditors.

15.	CONTROLLING PARTY

The Company is 100% owned by FSC Group Limited, a company incorporate in England and Wales. The registered office of FSC Group Limited is Cheddar Business Park, Wedmore Road, Cheddar, Somerset, BS27 3EB.

16.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 29 December 2024 was unqualified.

The audit report was signed on 29 September 2025 by Ria Burridge FCCA (Senior Statutory Auditor) on behalf of Bishop Fleming Audit Limited.

Page 15