REGISTERED NUMBER: 11253143 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Simply Oriental Foods Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Miss K P Koay

REGISTERED OFFICE:

8-12, Queensway

London

W2 3RX

REGISTERED NUMBER:

11253143 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

426,777

482,661

CURRENT ASSETS

Stocks

560,319

585,955

Debtors

5

398,355

436,344

Cash at bank and in hand

36,103

86,483

994,777

1,108,782

CREDITORS

Amounts falling due within one year

6

702,711

682,066

NET CURRENT ASSETS

292,066

426,716

TOTAL ASSETS LESS CURRENT LIABILITIES

718,843

909,377

CREDITORS

Amounts falling due after more than one year

7

278,467

400,776

NET ASSETS

440,376

508,601

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

440,375

508,600

440,376

508,601

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 her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

Miss K P Koay - Director

1.	STATUTORY INFORMATION

Simply Oriental Foods Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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 46 (2024 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

286,557

196,921

97,469

70,630

651,577

Additions

150

4,208

63,869

5,893

74,120

Disposals

-

-

(52,155

)

-

(52,155

)

At 31 March 2025

286,707

201,129

109,183

76,523

673,542

DEPRECIATION

At 1 April 2024

57,135

40,149

39,940

31,692

168,916

Charge for year

38,015

23,907

29,379

13,033

104,334

Eliminated on disposal

-

-

(26,485

)

-

(26,485

)

At 31 March 2025

95,150

64,056

42,834

44,725

246,765

NET BOOK VALUE

At 31 March 2025

191,557

137,073

66,349

31,798

426,777

At 31 March 2024

229,422

156,772

57,529

38,938

482,661

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

25,535

81,903

Other debtors

372,820

354,441

398,355

436,344

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

132,400

128,805

Hire purchase contracts

18,657

20,348

Trade creditors

469,731

423,990

Taxation and social security

23,106

19,789

Other creditors

58,817

89,134

702,711

682,066

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

217,230

353,225

Hire purchase contracts

61,237

47,126

Other creditors

-

425

278,467

400,776

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Employee Loans

-

425