NFB (Import) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04101419

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		219,073		158,876
Investment Properties	5		300,000		300,000
Investments	6		13,594		9,730

			532,667		468,606
CURRENT ASSETS
Debtors	7	723,334		708,390
Investments	8	403,247		393,459
Cash at bank and in hand		2,470,616		2,175,715

		3,597,197		3,277,564
Creditors: Amounts Falling Due Within One Year	9	(905,838 )		(715,250 )

NET CURRENT ASSETS (LIABILITIES)			2,691,359		2,562,314

TOTAL ASSETS LESS CURRENT LIABILITIES			3,224,026		3,030,920

NET ASSETS			3,224,026		3,030,920

CAPITAL AND RESERVES
Called up share capital	10		150,001		150,001
Profit and Loss Account			3,074,025		2,880,919

SHAREHOLDERS' FUNDS			3,224,026		3,030,920

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NFB (Import) Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 directors acknowledge their 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.

On behalf of the board

Mr Ernesto Coret-Vendrell

Director

25/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

NFB (Import) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04101419 . The registered office is Unit 1 Riversway Business, Village Navigation Way, Preston, Lancashire, PR2 2YP.

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 financial statements have been prepared on a going concern basis.

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:

Freehold	2% straight line basis (not land element)
Motor Vehicles	25% reducing balance basis
Fixtures & Fittings	25% reducing balance basis
Computer Equipment	33% straight line basis

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. 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.

...CONTINUED

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NFB (Import) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

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

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	150,000	48,185	7,526	6,722	212,433
Additions	-	92,695	-	-	92,695
Disposals	-	(14,086 )	-	-	(14,086 )

As at 31 March 2025	150,000	126,794	7,526	6,722	291,042

Depreciation
As at 1 April 2024	6,000	33,489	7,514	6,554	53,557
Provided during the period	2,000	22,175	12	168	24,355
Disposals	-	(5,943 )	-	-	(5,943 )

As at 31 March 2025	8,000	49,721	7,526	6,722	71,969

Net Book Value
As at 31 March 2025	142,000	77,073	-	-	219,073

As at 1 April 2024	144,000	14,696	12	168	158,876

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	300,000

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NFB (Import) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2024	9,730
Revaluations	3,864

As at 31 March 2025	13,594

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	13,594

As at 1 April 2024	9,730

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	703,691	660,866
Prepayments and accrued income	4,488	27,124
Deferred tax current asset	11,186	11,517
VAT	3,969	8,883

	723,334	708,390

8. Current Asset Investments

	2025	2024
	£	£
Other investments, held for sale	403,247	393,459

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	299,544	154,555
Corporation tax	126,438	69,473
Other taxes and social security	4,577	6,328
Other creditors	19,069	19,069
ECV Investments Ltd	40,000	40,000
Northern Fruit Brokers Ltd	270,000	270,000
Ercor Ltd	140,000	140,000
Pensions payable	1,265	1,530
Accruals and deferred income	4,300	12,650
Directors' loan accounts	-	1,000
Amounts owed to other participating interests	645	645

	905,838	715,250

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NFB (Import) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150,001	150,001

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