S.I. FOODS LTD

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

Registered number: 04484045

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		146,226		45,665

			146,226		45,665
CURRENT ASSETS
Stocks	6	379,120		292,500
Debtors	7	8,311		12,304
Cash at bank and in hand		115,178		105,083

		502,609		409,887
Creditors: Amounts Falling Due Within One Year	8	(96,519 )		(136,949 )

NET CURRENT ASSETS (LIABILITIES)			406,090		272,938

TOTAL ASSETS LESS CURRENT LIABILITIES			552,316		318,603

Creditors: Amounts Falling Due After More Than One Year	9		(399,065 )		(199,546 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	12		(27,783 )		-

NET ASSETS			125,468		119,057

CAPITAL AND RESERVES
Called up share capital	13		100		100
Profit and Loss Account			125,368		118,957

SHAREHOLDERS' FUNDS			125,468		119,057

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S.I. 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 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 KELVIN JONAH

Director

13/09/2026

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

1. General Information

S.I. FOODS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 04484045 . The registered office is 22-23 ENTERPRISE ROW, RANGEMOOR RD, LONDON, N15 4LU.

2. Accounting Policies

2.1. Early Adoption of Amendments to FRS 102 (Periodic Review 2024)

The company has early adopted the amendments to FRS 102, arising from the Financial Reporting Council's Periodic Review 2024, issued in March 2024. These amendments are effective for accounting periods beginning on or after 1 January 2026, but the company has elected to apply them in these financial statements for the year ended 31 January 2026.

The amendments primarily affect the company's accounting for (please complete sentence with areas affected such as revenue recognition, lease accounting and supplier finance arrangements).

The impact of early adoption has resulted in (please complete sentence with a brief description of quantitative or qualitative effects).

Further details of the transition and the effect on the financial statements are provided in the notes.

2.2. 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.

2.3. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

In assessing whether the going concern assumption is appropriate, the directors have considered all available information about the future, which is at least, but is not limited to, 12 months from the date when the financial statements are authorised for issue.

2.4. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.5. 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	20% reducing balance
Motor Vehicles	20% reducing balance

2.6. Leases

2.7. 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.

2.8. 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.

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.

...CONTINUED

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S.I. FOODS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.8. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 6)

4. Tax on Profit

The tax charge on the profit for the year was as follows:

	2026	2025
	£	£
Current tax
UK Corporation Tax	397	7,858
Deferred Tax
Deferred taxation	27,783	-


Total tax charge for the period	28,180	7,858

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2026	2025
	£	£
Profit before tax	64,591	32,616

Breakdown of tax charge is:
Tax on profit at 0% (UK standard rate)	-	-
Total tax charge for the period	-	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 February 2025	159,052	86,660	245,712
Additions	93,706	45,964	139,670

As at 31 January 2026	252,758	132,624	385,382

Depreciation
As at 1 February 2025	124,307	75,740	200,047
Provided during the period	27,732	11,377	39,109

As at 31 January 2026	152,039	87,117	239,156

...CONTINUED

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S.I. FOODS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Net Book Value
As at 31 January 2026	100,719	45,507	146,226

As at 1 February 2025	34,745	10,920	45,665

6. Stocks

	2026	2025
	£	£
Stock	379,120	292,500

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	5,801	3,650
VAT	2,510	8,654

	8,311	12,304

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	41,646	42,231
Bank loans and overdrafts	28,085	26,852
Corporation tax	20,305	19,908
Other taxes and social security	403	4,020
Other creditors	-	11,858
Accruals and deferred income	6,080	5,080
Director's loan account	-	27,000

	96,519	136,949

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	68,234	-
Lease liabilities	36,350	-
Bank loans	294,481	199,546

	399,065	199,546

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	68,234	-

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S.I. FOODS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Lease Liabilities

	2026	2025
	£	£
Later than one year and not later than five years	36,350	-

12. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	27,783	-

13. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

14. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	30,000	30,700

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