| Kwality Vegetables & Fruit Limited |
| Registered number: |
14434644 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,732 |
|
|
680 |
|
| Current assets |
| Stocks |
|
|
31,775 |
|
|
28,076 |
| Debtors |
3 |
|
444,413 |
|
|
171,974 |
| Cash at bank and in hand |
|
|
17,136 |
|
|
25,591 |
|
|
|
493,324 |
|
|
225,641 |
|
| Creditors: amounts falling due within one year |
4 |
|
(346,367) |
|
|
(32,582) |
|
| Net current assets |
|
|
|
146,957 |
|
|
193,059 |
|
| Total assets less current liabilities |
|
|
|
149,689 |
|
|
193,739 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
- |
|
|
(133,790) |
|
|
|
| Net assets |
|
|
|
149,689 |
|
|
59,949 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
50 |
|
|
50 |
| Profit and loss account |
|
|
|
149,639 |
|
|
59,899 |
|
| Shareholders' funds |
|
|
|
149,689 |
|
|
59,949 |
| Average number of employees |
|
|
|
2 |
|
|
1 |
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr Sanjeev Sharma Mr Surinder Ram |
| Director |
| Approved by the board on 20 July 2026 |
|
| Kwality Vegetables & Fruit Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office equipment |
| £ |
|
Cost |
|
At 1 November 2024 |
850 |
|
Additions |
2,735 |
|
At 31 October 2025 |
3,585 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2024 |
170 |
|
Charge for the year |
683 |
|
At 31 October 2025 |
853 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
2,732 |
|
At 31 October 2024 |
680 |
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
440,903 |
|
168,743 |
|
Vat repayment |
|
|
|
|
3,510 |
|
3,231 |
|
|
|
|
|
|
444,413 |
|
171,974 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Directors' current account |
6,773 |
|
8,045 |
|
Trade creditors |
298,275 |
|
- |
|
Corporation tax |
37,493 |
|
22,737 |
|
Other taxes and social security costs |
1,826 |
|
- |
|
Other creditors and accruals |
2,000 |
|
1,800 |
|
|
|
|
|
|
346,367 |
|
32,582 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
- |
|
133,790 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Controlling party |
|
|
The directors control the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued share capital. |
|
| 7 |
Other information |
|
|
Kwality Vegetables & Fruit Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 57 |
|
The Hub |
|
Nobel Way |
|
Birmingham |
|
B6 7EU |