Alternative Foods London Ltd. Accounts






Alternative Foods London Ltd.

	Company No. 11299079
		Information for Filing with The Registrar
		31 March 2025

The Directors present their report and the accounts for the year ended 31 March 2025.

Principal activities
The principal activity of the company during the year under review was the manufacture of homogenised food preparations and dietetic food.




Directors

The Directors who served at any time during the year were as follows:

H.L. Carter
M. Carter
C. Cormier
P. Mason
J. Olsen





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

P. Mason
Director
31 March 2025

at	31 March 2025
Company No.		11299079	Notes	2025	2024
				£	£
Fixed assets
	Intangible assets		4	-	1,681
	Tangible assets		5	-	374,711


				-	376,392
Current assets
	Stocks		6	60,822	257,242
	Debtors		7	342,211	607,124

	Cash at bank and in hand			245,964	480,241
				648,997	1,344,607
Creditors: Amount falling due within one year			8	(304,615)	(620,907)
Net current assets				344,382	723,700
Total assets less current liabilities				344,382	1,100,092
Creditors: Amounts falling due after more than one year			9	(140,152)	(222,179)



Net assets				204,230	877,913

Capital and reserves
	Called up share capital			236	176
	Share premium account		11	6,305,362	5,721,683
	Revaluation reserve		11	3,044,522	3,044,522

	Profit and loss account		11	(9,145,890)	(7,888,468)

Total equity				204,230	877,913



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 March 2025 and signed on its behalf by:
P. Mason
Director
31 March 2025

for the year ended 31 March 2025

General information

Alternative Foods London Ltd. is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 11299079

Its registered office is:

Cheyenne Studio

West Street

Farnham

Surrey

GU9 7EQ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20% Straight line

Motor vehicles

25% Straight line

Furniture, fittings and equipment

20% Straight line

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

Research and Development Tax credit

During the financial year, Alternative Foods London Ltd received a tax credit for qualifying research and
development expenditure under the Research and Development Tax relief scheme. This is presented as a
tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	13	22

4	Intangible fixed assets
			Patents and trade-marks	Total
			£	£
		Cost
		At 1 April 2024	2,451	2,451


		At 31 March 2025	2,451	2,451
		Amortisation and impairment
		At 1 April 2024	770	770
		Charge for the year	143	143

		Disposals	1,538	1,538
		At 31 March 2025	2,451	2,451
		Net book values
		At 31 March 2025	-	-
		At 31 March 2024	1,681	1,681

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 April 2024	446,072	18,021	24,136	488,229
		Additions	139,000	-	-	139,000



		At 31 March 2025	585,072	18,021	24,136	627,229
		Depreciation
		At 1 April 2024	91,926	12,272	9,320	113,518
		Charge for the year	50,755	2,415	2,816	55,986


		Disposals	442,391	3,334	12,000	457,725
		At 31 March 2025	585,072	18,021	24,136	627,229
		Net book values
		At 31 March 2025	-	-	-	-
		At 31 March 2024	354,146	5,749	14,816	374,711

6	Stocks
			2025	2024
			£	£
		Raw materials and consumables	60,822	55,771

		Finished goods	-	201,471
			60,822	257,242

7	Debtors
			2025	2024
			£	£
		Trade debtors	280,645	386,921



		VAT recoverable	6,314	49,419

		Other debtors	21,865	45,478
		Prepayments and accrued income	33,387	125,306
			342,211	607,124

8	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	3,839	3,313


		Trade creditors	303,107	484,539

		Taxes and social security	(19,199)	38,827

		Other creditors	14,571	32,526
		Accruals and deferred income	2,297	61,702
			304,615	620,907

		At the balance sheet date the company had a CBILS loan which was secured over fixed and floating assets

9	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£

		Bank loans and overdrafts	64,247	119,024

		Obligations under finance lease and hire purchase contracts	75,905	103,155




			140,152	222,179

Share Capital

At the balance sheet date the company had 2,021,133 Ordinary shares and 34,461 B Ordinary shares in issue.

11	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 April 2023	2,009,522	2,009,522
		Movement on revaluation reserve	1,035,000	1,035,000


		At 31 March 2024 and 1 April 2024	3,044,522	3,044,522



		At 31 March 2025	3,044,522	3,044,522

		The above table reflects the other reserves which excludes share capital, share premium and retained earnings as these have been detailed earlier within the financial statements. The company revaluation reserve represents the equity fair value of financial instruments held at the year end. The Company has provided a share options scheme. The fair value of such share options is calculated on the grant date and recognised within administrative expenses, on a straight-line basis throughout the option's vesting periods. The cost is accumulated within the share option reserve within equity until the options are exercised (and the relevant shares are issued) or the options lapse.

		Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
		Profit and loss account - includes all current and prior period retained profits and losses.