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Company Registration No. 08574297 (England and Wales)
Total Asia Food Limited Unaudited accounts for the year ended 30 June 2025
Total Asia Food Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Total Asia Food Limited Company Information for the year ended 30 June 2025
Director
Lian Wei Xu
Company Number
08574297 (England and Wales)
Registered Office
Unit 8 Maesglas Retail Estate Newport NP20 2NS
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Total Asia Food Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
93,762
133,250
Current assets
Inventories
5
818,287
731,856
Debtors
6
594,108
635,412
Cash at bank and in hand
100,402
93,747
1,512,797
1,461,015
Creditors: amounts falling due within one year
7
(1,107,461)
(935,580)
Net current assets
405,336
525,435
Total assets less current liabilities
499,098
658,685
Creditors: amounts falling due after more than one year
8
(150)
(35,471)
Provisions for liabilities
Deferred tax
9
(23,440)
(25,317)
Net assets
475,508
597,897
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
475,408
597,797
Shareholders' funds
475,508
597,897
For the year ending 30 June 2025 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2025 and were signed on its behalf by
Lian Wei Xu Director Company Registration No. 08574297
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Total Asia Food Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Total Asia Food Limited is a private company, limited by shares, registered in England and Wales, registration number 08574297. The registered office is Unit 8, Maesglas Retail Estate, Newport, NP20 2NS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
6 years straight line
Fixtures & fittings
10 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Total Asia Food Limited Notes to the Accounts for the year ended 30 June 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
81,441
336,523
417,964
Additions
18,313
-
18,313
At 30 June 2025
99,754
336,523
436,277
Depreciation
At 1 July 2024
45,201
239,513
284,714
Charge for the year
14,514
43,287
57,801
At 30 June 2025
59,715
282,800
342,515
Net book value
At 30 June 2025
40,039
53,723
93,762
At 30 June 2024
36,240
97,010
133,250
5
Inventories
2025
2024
£
£
Finished goods
818,287
731,856
818,287
731,856
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
33,488
-
Trade debtors
543,755
431,471
Amounts due from group undertakings etc.
4,362
203,941
Other debtors
12,503
-
594,108
635,412
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Total Asia Food Limited Notes to the Accounts for the year ended 30 June 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
VAT
-
5,345
Obligations under finance leases and hire purchase contracts
30,581
58,642
Trade creditors
1,006,073
828,850
Taxes and social security
57,557
29,543
Accruals
3,250
3,200
1,107,461
935,580
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
10,000
Obligations under finance leases and hire purchase contracts
150
25,471
150
35,471
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
23,440
25,317
2025
2024
£
£
Provision at start of year
25,317
33,317
Credited to the profit and loss account
(1,877)
(8,000)
Provision at end of year
23,440
25,317
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Transactions with related parties
At the balance sheet date the company was owed £4,362 by Jing Xing Trading Co Ltd (Company number 05125267) (2024: £203,941).
12
Controlling party
The company is a wholly owned subsidiary of Jing Xing Trading Co Ltd (company number 05125267).
13
Average number of employees
During the year the average number of employees was 24 (2024: 18).
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