REGISTERED NUMBER: 08430869 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Sturdy Foods Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J C Sturdy

REGISTERED OFFICE:

First Floor, Equinox 1

Audby Lane

Wetherby

West Yorkshire

LS22 7RD

REGISTERED NUMBER:

08430869 (England and Wales)

ACCOUNTANTS:

Franks Accountants Limited

First Floor

Equinox 1

Audby Lane

Wetherby

West Yorkshire

LS22 7RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

267,987

198,798

267,987

198,798

CURRENT ASSETS

Stocks

232,679

107,353

Debtors

6

584,737

531,399

Cash at bank and in hand

21,653

27,029

839,069

665,781

CREDITORS

Amounts falling due within one year

7

767,540

605,581

NET CURRENT ASSETS

71,529

60,200

TOTAL ASSETS LESS CURRENT LIABILITIES

339,516

258,998

CREDITORS

Amounts falling due after more than one year

8

335,828

153,318

NET ASSETS

3,688

105,680

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,687

105,679

3,688

105,680

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 director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

J C Sturdy - Director

1.	STATUTORY INFORMATION

Sturdy Foods 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been fully amortised.

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.

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

-

25% on reducing balance and 33.33% on cost

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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

500

AMORTISATION

At 1 April 2024

and 31 March 2025

500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

448,579

Additions

193,348

Disposals

(80,124

)

At 31 March 2025

561,803

DEPRECIATION

At 1 April 2024

249,781

Charge for year

69,193

Eliminated on disposal

(25,158

)

At 31 March 2025

293,816

NET BOOK VALUE

At 31 March 2025

267,987

At 31 March 2024

198,798

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

Plant and

machinery

etc

£

COST

At 1 April 2024

154,092

Disposals

(7,565

)

At 31 March 2025

146,527

DEPRECIATION

At 1 April 2024

90,913

Charge for year

15,675

Eliminated on disposal

(7,085

)

At 31 March 2025

99,503

NET BOOK VALUE

At 31 March 2025

47,024

At 31 March 2024

63,179

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

192,229

192,271

Amounts recoverable on contract

250,000

250,000

Other debtors

142,508

89,128

584,737

531,399

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

82,482

122,093

Hire purchase contracts

17,201

18,859

Trade creditors

221,637

176,914

Taxation and social security

191,246

128,962

Other creditors

254,974

158,753

767,540

605,581

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

29,128

51,448

Hire purchase contracts

17,536

34,739

Other creditors

289,164

67,131

335,828

153,318

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

289,164

67,131

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in current assets is an amount owed by the director of £91,779 (2024 - £82,661). No interest is charged in respect of this amount.