REGISTERED NUMBER: 05029623 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Taste Tradition Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C A Ashbridge

Mrs J C Ashbridge

I Welford

REGISTERED OFFICE:

Mount Grace Farm

Cold Kirby

Thirsk

North Yorkshire

YO7 2HL

REGISTERED NUMBER:

05029623 (England and Wales)

ACCOUNTANTS:

Frank Brown & Walford

Tees View

Sabatier Close

Stockton

TS17 6EW

FIXED ASSETS

Tangible assets

4

689,484

646,889

Investments

5

14,095

-

703,579

646,889

CURRENT ASSETS

Stocks

330,009

205,378

Debtors

6

2,205,479

2,065,117

Investments

7

-

575

Cash at bank and in hand

1,546,471

1,087,305

4,081,959

3,358,375

CREDITORS

Amounts falling due within one year

8

1,252,689

1,022,806

NET CURRENT ASSETS

2,829,270

2,335,569

TOTAL ASSETS LESS CURRENT LIABILITIES

3,532,849

2,982,458

CREDITORS

Amounts falling due after more than one year

9

(7,953

)

(72,600

)

PROVISIONS FOR LIABILITIES

(140,568

)

(129,325

)

NET ASSETS

3,384,328

2,780,533

CAPITAL AND RESERVES

Called up share capital

180

180

Share premium

34,990

34,990

Capital redemption reserve

20

20

Retained earnings

3,349,138

2,745,343

3,384,328

2,780,533

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 29 October 2025 and were signed on its behalf by:

C A Ashbridge - Director

1.	STATUTORY INFORMATION

Taste Tradition Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services received, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - no depreciation as market value is higher than net book value in the director's opinion

Short leasehold - over the term of the lease

Plant and machinery - 5% and 20% on reducing balance

Fixtures and fittings - 33% on reducing balance and 20% on cost

Motor vehicles - 10% to 25% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 33 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 February 2024

90,000

134,973

496,448

Additions

-

-

48,232

Disposals

-

-

(11,700

)

At 31 January 2025

90,000

134,973

532,980

DEPRECIATION

At 1 February 2024

-

134,973

203,717

Charge for year

-

-

50,637

Eliminated on disposal

-

-

(9,503

)

At 31 January 2025

-

134,973

244,851

NET BOOK VALUE

At 31 January 2025

90,000

-

288,129

At 31 January 2024

90,000

-

292,731

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 February 2024

91,057

343,846

1,156,324

Additions

15,726

163,897

227,855

Disposals

-

(91,075

)

(102,775

)

At 31 January 2025

106,783

416,668

1,281,404

DEPRECIATION

At 1 February 2024

46,773

123,972

509,435

Charge for year

17,725

77,604

145,966

Eliminated on disposal

-

(53,978

)

(63,481

)

At 31 January 2025

64,498

147,598

591,920

NET BOOK VALUE

At 31 January 2025

42,285

269,070

689,484

At 31 January 2024

44,284

219,874

646,889

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2024

27,500

60,000

87,500

Additions

-

55,297

55,297

At 31 January 2025

27,500

115,297

142,797

DEPRECIATION

Charge for year

5,500

19,147

24,647

At 31 January 2025

5,500

19,147

24,647

NET BOOK VALUE

At 31 January 2025

22,000

96,150

118,150

At 31 January 2024

27,500

60,000

87,500

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

14,095

At 31 January 2025

14,095

NET BOOK VALUE

At 31 January 2025

14,095

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

1,200,105

1,128,298

Other debtors

1,005,374

936,819

2,205,479

2,065,117

7.	CURRENT ASSET INVESTMENTS

31.1.25

31.1.24

£

£

Other investments

-

575

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

57,382

47,701

Trade creditors

933,846

709,279

Taxation and social security

115,091

171,950

Other creditors

136,370

83,876

1,252,689

1,022,806

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

4,811

14,950

Hire purchase contracts

3,142

57,650

7,953

72,600

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

60,524

105,351

Debts relating to assets under hire purchase are secured against the assets they relate to.

11.	RELATED PARTY DISCLOSURES

The company is owed £820,575 from Ashbridge Holdings (Yorkshire) Limited as at 31 January 2025. Ashbridge Holdings (Yorkshire) Limited is a company controlled by Joyce Ashbridge and Charles Ashbridge.

No interest is charged on this amount and there are no fixed repayment terms.