REGISTERED NUMBER: SC400429 (Scotland)

J P L Food Co Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs W P Li

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC400429 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland

Edinburgh Leith Vic House

Edinburgh

EH11 1YH

FIXED ASSETS

Intangible assets

4

31,500

36,000

Tangible assets

5

4,879

13,001

36,379

49,001

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

6

14,062

8,447

Cash at bank and in hand

67,105

44,794

84,167

56,241

CREDITORS

Amounts falling due within one year

7

159,308

153,796

NET CURRENT LIABILITIES

(75,141

)

(97,555

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(38,762

)

(48,554

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(38,862

)

(48,654

)

SHAREHOLDERS' FUNDS

(38,762

)

(48,554

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2026 and were signed by:

Mrs W P Li - Director

1.	STATUTORY INFORMATION

J P L Food Co Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition

Turnover, which represents net invoiced sale of goods, is recognised at the point when a meal is served or delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life often years.

Intangible assets

Lease premium are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provision for liabilities

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 June 2025

and 31 May 2026

50,000

45,000

95,000

AMORTISATION

At 1 June 2025

50,000

9,000

59,000

Charge for year

-

4,500

4,500

At 31 May 2026

50,000

13,500

63,500

NET BOOK VALUE

At 31 May 2026

-

31,500

31,500

At 31 May 2025

-

36,000

36,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2025

45,185

Additions

610

Disposals

(925

)

At 31 May 2026

44,870

DEPRECIATION

At 1 June 2025

32,184

Charge for year

8,520

Eliminated on disposal

(713

)

At 31 May 2026

39,991

NET BOOK VALUE

At 31 May 2026

4,879

At 31 May 2025

13,001

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

14,062

8,447

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,700

-

Taxation and social security

17,660

18,333

Other creditors

138,948

135,463

159,308

153,796

8.	RELATED PARTY DISCLOSURES

Mrs W P Li

Director and 90% shareholder.

During the year, the company paid expenses totalling £24,479 (2025: £931) on behalf of the director. The director repaid £22,900 (2025: £Nil) to the company and paid expenses totalling £4,720 (2025: £49,703) on behalf of the company. The balance of £130,507 (2025: £127,367) was due to the director at 31 May 2026. The balance is unsecured, interest free and repayable on demand.

9.	GOING CONCERN

The financial statements have been prepared on the going concern principal which assumes that the company will continue to function in the foreseeable future. In order to do so the company will require the continued support of its directors, bankers and creditors and the director is willing to support the company.