VF FoodService Limited iXBRL

VF FoodService Limited

Abridged Unaudited Financial Statements

for the financial period ended 31 December 2024

VF FoodService Limited

Company Registration Number: NI649605

ABRIDGED BALANCE SHEET

as at 31 December 2024

Dec 24

Jan 24

Notes

Fixed Assets

Tangible assets

259

389

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Current Assets

Stocks

352,115

286,436

Debtors

623,365

581,426

Cash at bank and in hand

137,355

271,079

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1,112,835

1,138,941

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Creditors: amounts falling due within one year

(1,299,515)

(1,355,635)

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Net Current Liabilities

(186,680)

(216,694)

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Total Assets less Current Liabilities

(186,421)

(216,305)

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Capital and Reserves

Called up share capital

Retained earnings

(186,422)

(216,306)

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Shareholders' Deficit

(186,421)

(216,305)

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The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.

Approved by the Board and authorised for issue on 11 December 2025 and signed on its behalf by




________________________________
Vincent Flanagan
Director

VF FoodService Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial period ended 31 December 2024

General Information

VF FoodService Limited is a private company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is NI649605. The registered office of the company is 76 Brackenagh West Road, Ballymartin, Co. Down, BT34 4PP, Northern Ireland.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The financial statements cover the individual entity, VF Foodservice Limited for the financial year ended 31st December 2025.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

20% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The financial statements are for the 11 month period ended 31 December 2024.

Going concern

The company as of 31st December 2025 has accumulated losses forward of £186,421. The company director's have offered assurance that they will continue to financially support the company until such time as it returns to profitability or has been refinanced. As such, the accounts are prepared on a going concern basis.

Employees

The average monthly number of employees, including directors, during the financial period was

Dec 24

Jan 24

Number

Number

Directors

Employees

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6.	Tangible assets
		Plant and machinery	Total


		£	£
	Cost
	At 1 February 2024	649	649
		─────────	─────────

	At 31 December 2024	649	649
		─────────	─────────
	Depreciation
	At 1 February 2024	260	260
	Charge for the financial period	130	130
		─────────	─────────
	At 31 December 2024	390	390
		─────────	─────────
	Net book value
	At 31 December 2024	259	259
		═════════	═════════
	At 31 January 2024	389	389
		═════════	═════════

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial period-end.