Khadie Afro Foods Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08357966

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		97,345		97,520
Investments	5		88,096		88,096

			185,441		185,616
CURRENT ASSETS
Stocks	6	20,575		20,575
Debtors	7	24,061		56,513
Cash at bank and in hand		4,278		2,025

		48,914		79,113
Creditors: Amounts Falling Due Within One Year	8	(118,995 )		(105,407 )

NET CURRENT ASSETS (LIABILITIES)			(70,081 )		(26,294 )

TOTAL ASSETS LESS CURRENT LIABILITIES			115,360		159,322

Creditors: Amounts Falling Due After More Than One Year	9		(50,636 )		(70,642 )

NET ASSETS			64,724		88,680

CAPITAL AND RESERVES
Called up share capital	11		2		2
Profit and Loss Account			64,722		88,678

SHAREHOLDERS' FUNDS			64,724		88,680

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Khadie Afro Foods Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 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

Mrs Khadijatu Dumbuya-Alabi

Director

21/10/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Khadie Afro Foods Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08357966 . The registered office is 17 Upton House, 9 Ward Lane, London, E9 5QZ.

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. 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:

Leasehold	No depreciation
Plant & Machinery	20% straight line
Motor Vehicles	20% straight line
Computer Equipment	20% straight line

2.4. 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.

2.5. 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.

2.6. 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 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.

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Khadie Afro Foods Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Prior Period Error – Share Capital Disclosure

In previous years, the financial statements incorrectly disclosed the Company’s issued share capital as £100. The statutory register and Companies House records confirm that the actual issued share capital is £2, comprising 2 ordinary shares of £1 each.

This error has been corrected in these financial statements by restating the comparative share capital figure to £2. The correction has no impact on the Company’s net assets, profit, or cash flows.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 5)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	95,521	60,156	5,772	161,449
Additions	-	750	-	750

As at 31 January 2026	95,521	60,906	5,772	162,199

Depreciation
As at 1 February 2025	-	58,758	5,171	63,929
Provided during the period	-	730	195	925

As at 31 January 2026	-	59,488	5,366	64,854

Net Book Value
As at 31 January 2026	95,521	1,418	406	97,345

As at 1 February 2025	95,521	1,398	601	97,520

5. Investments

	Other
	£
Cost or Valuation
As at 1 February 2025	128,096

As at 31 January 2026	128,096

Provision
As at 1 February 2025	40,000

As at 31 January 2026	40,000

Net Book Value
As at 31 January 2026	88,096

As at 1 February 2025	88,096

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Khadie Afro Foods Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Stocks

	2026	2025 as restated
	£	£
Finished goods	20,575	20,575

7. Debtors

	2026	2025 as restated
	£	£
Due within one year
Other debtors	22,813	56,513
VAT	1,248	-

	24,061	56,513

8. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	18,000	18,000
Bank loans and overdrafts	6,137	14,469
Other loans	18,000	18,000
Corporation tax	4,367	5,645
Other taxes and social security	18,287	12,150
VAT	-	1,140
Net wages	6,319	2,971
Other creditors	414	-
Accruals and deferred income	1,400	1,350
Directors' loan accounts	46,071	31,682

	118,995	105,407

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	14,966	20,726
Bank loans	14,926	20,922
Other loans	20,744	28,994

	50,636	70,642

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Khadie Afro Foods Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	18,000	18,000
Later than one year and not later than five years	14,966	20,726

	32,966	38,726

	32,966	38,726

11. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	2	2

12. Related Party Transactions

At the start of the year, the Company had an outstanding balance of £33,700 due from a company under common control of the directors (2025: £33,700). During the year, this balance was written off, and the closing balance at the year end is £nil.

13. Controlling Party

The company is jointly controlled by its two directors, each of whom holds 50% of the issued share capital. Accordingly, no single party has sole controlling interest, and strategic and operational decisions require the joint agreement of both shareholders/directors.

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