Registration number: NI043350

JS Foods Limited

(Registration number: NI043350)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	250,811	164,883
Current assets
Stocks	5	61,663	60,931
Debtors	6	1,006,252	712,628
Cash at bank and in hand		357,366	132,505
		1,425,281	906,064
Creditors: Amounts falling due within one year	7	(1,435,504)	(853,041)
Net current (liabilities)/assets		(10,223)	53,023
Total assets less current liabilities		240,588	217,906
Creditors: Amounts falling due after more than one year	7	(99,032)	(72,625)
Provisions for liabilities		(63,052)	(40,144)
Net assets		78,504	105,137
Capital and reserves
Called up share capital	9	100	100
Retained earnings		78,404	105,037
Shareholders' funds		78,504	105,137

For the financial year ending 31 May 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

JS Foods Limited

(Registration number: NI043350)
Balance Sheet as at 31 May 2025

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:
 

......................................... Mr Jon Paul Kearney Director

JS Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: Units 10-11 Hillview Industrial Estate, Castle Road, Randalstown, Co. Antrim, BT41 2EB.

These financial statements were authorised for issue by the Board on 23 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue from the sale of goods is recognised at the point of delivery and customer acceptance. Revenue from the rendering of services is recognised on completion of the service provision, at which point the Company has generated a right to consideration.

JS Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	10% straight line basis/ 15% reducing balance basis
Fixtures and fittings	10% straight line basis
Motor vehicles	15% reducing balance basis
Office equipment	15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

JS Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

JS Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 17).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and machinery  £	Total £
Cost or valuation
At 1 June 2024	24,813	344,654	49,028	418,495
Additions	340	123,006	11,835	135,181
Disposals	-	(22,250)	-	(22,250)
At 31 May 2025	25,153	445,410	60,863	531,426
Depreciation
At 1 June 2024	22,874	181,987	48,751	253,612
Charge for the year	249	42,852	1,226	44,327
Eliminated on disposal	-	(17,324)	-	(17,324)
At 31 May 2025	23,123	207,515	49,977	280,615
Carrying amount
At 31 May 2025	2,030	237,895	10,886	250,811
At 31 May 2024	1,939	162,667	277	164,883

JS Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5

Stocks

	2025 £	2024 £
Goods for resale	61,663	60,931

6

Debtors

Current	2025 £	2024 £
Trade debtors	979,452	701,072
Prepayments	8,107	6,913
Other debtors	18,693	4,643
	1,006,252	712,628

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	1,338,757	720,910
Hire purchase liabilities	42,185	26,188
Corporation tax	-	36,577
Other taxes and social security	5,068	3,766
Other creditors	49,494	65,600
	1,435,504	853,041
Due after one year
Obligations under finance lease and hire purchase contracts	99,032	72,625

JS Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8	Related party transactions

	2025  £	2024  £
Directors current account	(41,493)	(58,351)

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100