REGISTERED NUMBER: 02208870 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Vale Royal Fresh Foods Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C V Lam

Mrs A Lam

SECRETARY:

Mrs A Lam

REGISTERED OFFICE:

Hulme Hall Lane

Allostock

Knutsford

Cheshire

WA16 9JN

REGISTERED NUMBER:

02208870 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,395,242

3,292,042

3,395,242

3,292,042

CURRENT ASSETS

Stocks

401,398

310,110

Debtors

6

471,406

716,667

Cash at bank and in hand

604,443

1,023,279

1,477,247

2,050,056

CREDITORS

Amounts falling due within one year

7

(344,559

)

(604,913

)

NET CURRENT ASSETS

1,132,688

1,445,143

TOTAL ASSETS LESS CURRENT LIABILITIES

4,527,930

4,737,185

CREDITORS

Amounts falling due after more than one year

8

(578,373

)

(727,975

)

PROVISIONS FOR LIABILITIES

(423,442

)

(380,859

)

NET ASSETS

3,526,115

3,628,351

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Revaluation reserve

9

373,376

373,376

Capital redemption reserve

10,000

10,000

Retained earnings

3,122,739

3,224,975

3,526,115

3,628,351

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mrs C V Lam - Director

1.	STATUTORY INFORMATION

Vale Royal Fresh Foods Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Changes in accounting policies

As at the 1st April 2024, the Company revised its accounting policy related to the depreciation rate applied to plant and machinery. Previously, the assets were depreciated using the cost method at 20% per annum. Following a review of the assets’ estimated useful lives and expected patterns of economic benefit, the Company has revised the depreciation rate to 15 years reducing balance.

This change is considered a change in accounting estimate in accordance with FRS 102 1A, and has been applied prospectively from the 1st April 2024. The revised rate more accurately reflects the consumption pattern and useful life of the assets. Where appropriate, assets with a shorter economic useful life have been reclassified to computer equipment, and depreciated accordingly.

There is no impact on prior periods, and accordingly, no restatement has been made to comparative figures. The Directors believe this change provides more relevant and reliable information to users of the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

4% on cost

Plant and machinery etc

-

20% on cost and at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

2,774,615

8,049,197

10,823,812

Additions

55,565

343,254

398,819

At 31 March 2025

2,830,180

8,392,451

11,222,631

DEPRECIATION

At 1 April 2024

1,137,160

6,394,610

7,531,770

Charge for year

113,207

182,412

295,619

At 31 March 2025

1,250,367

6,577,022

7,827,389

NET BOOK VALUE

At 31 March 2025

1,579,813

1,815,429

3,395,242

At 31 March 2024

1,637,455

1,654,587

3,292,042

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2013

373,376

-

373,376

Cost

2,456,804

8,392,451

10,849,255

2,830,180

8,392,451

11,222,631

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

383,788

522,306

Other debtors

425

-

Tax

15

15

VAT

31,505

156,970

Prepayments

55,673

37,376

471,406

716,667

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

209,652

255,534

Trade creditors

69,267

60,662

Social security and other taxes

23,816

37,697

Other creditors

1,914

2,258

Directors' current accounts

18,000

36,000

Accruals and deferred income

21,910

212,762

344,559

604,913

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans more 5yrs non-inst

345,795

345,795

Hire purchase contracts

232,578

382,180

578,373

727,975

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

345,795

345,795

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

373,376

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mrs A Lam

Balance outstanding at start of year

(36,000

)

(54,000

)

Amounts advanced

18,000

18,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(18,000

)

(36,000

)

11.	RELATED PARTY DISCLOSURES

An interest only loan to the value of £345,795 (2024: £345,795) was owed to Mrs C V Lam's sister as at the 31st March 2025. Interest is paid below the market rate, at 3.64%. (2024: 3.64%).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs C V Lam.