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Registered number: 07870823
Sindherfoods Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Agnitio Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07870823
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 595,000 630,000
Tangible Assets 5 340,775 375,313
935,775 1,005,313
CURRENT ASSETS
Stocks 6 147,440 124,850
Debtors 7 355,000 55,000
Cash at bank and in hand 437,415 588,135
939,855 767,985
Creditors: Amounts Falling Due Within One Year 8 (1,006,113 ) (930,166 )
NET CURRENT ASSETS (LIABILITIES) (66,258 ) (162,181 )
TOTAL ASSETS LESS CURRENT LIABILITIES 869,517 843,132
Creditors: Amounts Falling Due After More Than One Year 9 (25,467 ) (45,427 )
NET ASSETS 844,050 797,705
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 844,049 797,704
SHAREHOLDERS' FUNDS 844,050 797,705
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Singh
Director
28/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sindherfoods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07870823 . The registered office is 11 Hengoed Road, Hengoed Stores, Hengoed, CF82 7NW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2024: 31)
22 31
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 700,000
As at 31 March 2025 700,000
Amortisation
As at 1 April 2024 70,000
Provided during the period 35,000
As at 31 March 2025 105,000
Net Book Value
As at 31 March 2025 595,000
As at 1 April 2024 630,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 88,584 28,903 125,847 243,254
Additions - 2,989 19,000 -
As at 31 March 2025 88,584 31,892 144,847 243,254
...CONTINUED
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Page 5
Depreciation
As at 1 April 2024 897 26,337 38,707 46,011
Provided during the period 896 1,074 26,535 29,586
As at 31 March 2025 1,793 27,411 65,242 75,597
Net Book Value
As at 31 March 2025 86,791 4,481 79,605 167,657
As at 1 April 2024 87,687 2,566 87,140 197,243
Computer Equipment Total
£ £
Cost
As at 1 April 2024 2,306 488,894
Additions 3,175 25,164
As at 31 March 2025 5,481 514,058
Depreciation
As at 1 April 2024 1,629 113,581
Provided during the period 1,611 59,702
As at 31 March 2025 3,240 173,283
Net Book Value
As at 31 March 2025 2,241 340,775
As at 1 April 2024 677 375,313
6. Stocks
2025 2024
£ £
Finished goods 147,440 124,850
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 300,000 -
Amounts owed by group undertakings 55,000 55,000
355,000 55,000
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 40,747 57,423
Trade creditors 200,897 110,869
Corporation tax 37,891 34,320
Other taxes and social security 3,890 3,147
VAT 9,972 13,402
Pension creditor (386 ) (303 )
Accruals and deferred income 111,736 106,745
Director's loan account 601,366 604,563
1,006,113 930,166
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 25,467 45,427
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 40,747 57,423
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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