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Registered number: 05626880
Fine Choice Foods Limited
Unaudited Financial Statements
For the Period 1 October 2025 to 31 March 2026
S T Hannam FCCA
Association of Chartered Certified Accountants
42 King Georges Road
Bishopsworth
Bristol
BS13 8LX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05626880
31 March 2026 30 September 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,095 26,394
23,095 26,394
CURRENT ASSETS
Stocks 5 16,283 -
Debtors 6 1,186,721 1,371,172
Cash at bank and in hand 314,663 279,381
1,517,667 1,650,553
Creditors: Amounts Falling Due Within One Year 7 (595,643 ) (726,268 )
NET CURRENT ASSETS (LIABILITIES) 922,024 924,285
TOTAL ASSETS LESS CURRENT LIABILITIES 945,119 950,679
NET ASSETS 945,119 950,679
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 944,919 950,479
SHAREHOLDERS' FUNDS 945,119 950,679
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For the period ending 31 March 2026 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 Peter Gaffney
Director
18/09/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fine Choice Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05626880 . The registered office is Lily Lodge Loveridge Lane, Tatworth, Chard, Somerset, TA20 2SE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25%
Motor Vehicles 25%
2.4. 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.
2.5. Taxation
Corporation 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the period was:
31 March 2026 30 September 2025
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2025 6,430 62,945 69,375
As at 31 March 2026 6,430 62,945 69,375
Depreciation
As at 1 October 2025 6,191 36,790 42,981
Provided during the period 30 3,269 3,299
As at 31 March 2026 6,221 40,059 46,280
Net Book Value
As at 31 March 2026 209 22,886 23,095
As at 1 October 2025 239 26,155 26,394
5. Stocks
31 March 2026 30 September 2025
£ £
Stock 16,283 -
6. Debtors
31 March 2026 30 September 2025
£ £
Due within one year
Trade debtors 886,721 1,071,172
Other debtors 300,000 300,000
1,186,721 1,371,172
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7. Creditors: Amounts Falling Due Within One Year
31 March 2026 30 September 2025
£ £
Trade creditors 462,656 679,804
Corporation tax 58,327 34,863
Other taxes and social security 1,629 409
VAT 868 774
Net wages 4,500 7,500
Other creditors 111 -
Accruals and deferred income 700 710
Director's loan account 66,852 2,208
595,643 726,268
8. Share Capital
31 March 2026 30 September 2025
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
100 Ordinary B shares of £ 1.000 each 100 100
200 200
9. Dividends
31 March 2026 30 September 2025
£ £
On equity shares:
Final dividend paid 75,000 4,000
10. Ultimate Controlling Party
The company's ultimate controlling party is P J Gaffney by virtue of his ownership of 100% of the issued ordinary share capital in the company.
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