Francis Food Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 12856963

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		196,026		215,242

			196,026		215,242
CURRENT ASSETS
Stocks		87,192		59,631
Debtors		315,303		341,364
Cash at bank and in hand		32,369		46,754

		434,864		447,749
Creditors: Amounts Falling Due Within One Year		(371,305 )		(451,685 )

NET CURRENT ASSETS (LIABILITIES)			63,559		(3,936 )

TOTAL ASSETS LESS CURRENT LIABILITIES			259,585		211,306

Creditors: Amounts Falling Due After More Than One Year			(86,734 )		(90,285 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	5		(32,336 )		(26,545 )

NET ASSETS			140,515		94,476

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			140,514		94,475

SHAREHOLDERS' FUNDS			140,515		94,476

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Francis Food Ltd

Abridged Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Antony Jeyanthiran Benedict

Director

28/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Francis Food Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12856963 . The registered office is 319-323 Battersea Park Road, Battersea, London, SW11 4LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	-
Plant & Machinery	15% Reducing balance method
Motor Vehicles	15% Reducing balance method
Fixtures & Fittings	15% Reducing balance method
Computer Equipment	15% Reducing balance method

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Francis Food Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 28 February 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 6)

4. Tangible Assets

	Total
	£
Cost
As at 1 March 2024	252,316

As at 28 February 2025	252,316

Depreciation
As at 1 March 2024	37,074
Provided during the period	19,216

As at 28 February 2025	56,290

Net Book Value
As at 28 February 2025	196,026

As at 1 March 2024	215,242

5. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	32,336	26,545

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Francis Food Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 28 February 2025

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

7. Related Party Transactions

a) The company owed £256.850 as of the balance sheet date, 28th February 2025 (£306,850 as of 29th February 2024), to the following companies, which are under the common control of the same shareholder and director. The loan is repayable on demand and is interest-free.

- A J Cellar Limited - £256,850 (2024 : £256,850)

- A J Food Stores Limited - NIL (2024 : £2,000)

- AJ Aveley Ltd - NIL (2024 : £38,000)

b) The company owed £307,926 as of the balance sheet date, 28th February 2025 (£335,896 as of 29th February 2024), by the following companies, which are under the common control of the same shareholder and director. The loan is repayable on demand and is interest-free.

- HWM Property Limited - £216,896.40 (2024 : £216,896.40)

- Long Buckby Trading Ltd - £37,000 (2024 : £37,000)

- AJHWM Properties Ltd - £54,029.44 (2024 : £10,000 in credit)

- A J Property Hub Ltd - NIL (2024 : £2,000)

- AJ Croft Ltd - NIL (2024 : £50,000)

- Charworth Ltd - NIL (2024 : £30,000)

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