REGISTERED NUMBER: 06167767 (England and Wales)

Diverse Fine Food Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M Wiltshire

Mrs N K Stewart

E R Ford

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

06167767 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Barclays Bank plc

16 High Street

Bridgwater

Somerset

TA6 3DX

FIXED ASSETS

Intangible assets

5

26,649

30,998

Tangible assets

6

85,499

90,734

112,148

121,732

CURRENT ASSETS

Stocks

544,455

477,976

Debtors

687,020

663,628

Cash at bank and in hand

132,489

139,125

1,363,964

1,280,729

CREDITORS

Amounts falling due within one year

1,152,263

985,282

NET CURRENT ASSETS

211,701

295,447

TOTAL ASSETS LESS CURRENT LIABILITIES

323,849

417,179

CREDITORS

Amounts falling due after more than one year

(5,533

)

(23,731

)

PROVISIONS FOR LIABILITIES

(21,375

)

(22,684

)

NET ASSETS

296,941

370,764

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

296,841

370,664

SHAREHOLDERS' FUNDS

296,941

370,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

Mrs N K Stewart - Director

1.	STATUTORY INFORMATION

Diverse Fine Food 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

43,495

AMORTISATION

At 1 April 2024

12,497

Amortisation for year

4,349

At 31 March 2025

16,846

NET BOOK VALUE

At 31 March 2025

26,649

At 31 March 2024

30,998

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

367,590

Additions

21,646

At 31 March 2025

389,236

DEPRECIATION

At 1 April 2024

276,856

Charge for year

26,881

At 31 March 2025

303,737

NET BOOK VALUE

At 31 March 2025

85,499

At 31 March 2024

90,734

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

Totals

£

COST

At 1 April 2024

and 31 March 2025

51,090

DEPRECIATION

At 1 April 2024

28,768

Charge for year

5,580

At 31 March 2025

34,348

NET BOOK VALUE

At 31 March 2025

16,742

At 31 March 2024

22,322

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

8,198

8,198

Between one and five years

1,366

9,564

9,564

17,762

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

119,235

56,907

Between one and five years

395,482

2,631

514,717

59,538

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

14,167

34,114

Hire purchase contracts

9,564

17,762

23,731

51,876

The hire purchase agreement is secured against the assets to which it relates.

The bank loans include a government secured bounce back loan and a bank loan secured against the software to which it relates.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mrs N K Stewart and M Wiltshire

Balance outstanding at start of year

103,455

95,802

Amounts advanced

91,565

103,653

Amounts repaid

(199,654

)

(96,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,634

)

103,455

E R Ford

Balance outstanding at start of year

28,000

34,000

Amounts advanced

36,000

36,000

Amounts repaid

(96,000

)

(42,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(32,000

)

28,000