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Registered number:
FOR THE YEAR ENDED 30 APRIL 2025
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FOOD TEAM INTERNATIONAL LIMITED
COMPANY INFORMATION
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FOOD TEAM INTERNATIONAL LIMITED
CONTENTS
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FOOD TEAM INTERNATIONAL LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025
The directors present their strategic report accompanying the financial statements for the year ended 30 April 2025.
The principal activity of the Company in the year under review was the importation, exportation and distribution of a wide range of frozen & ambient food products supplied into the food manufacturing, wholesale & retail sectors in the United Kingdom & the Republic of Ireland. This year they have continued to target the development of their drinks range which includes both alcoholic and non-alcoholic varieties.
The business is a multi-channel distribution and sourcing model supplying all sectors of the food industry. This model has proven to mitigate many of the detrimental macro events over the last 12 months affecting the food industry and in many cases the directors have used their knowledge of market conditions to provide solutions to their customer base. The results for the Company shows a pre tax profit of £1,544,416 (2024 - £1,650,505) and revenues of £35,933,575 (2024 - £31,853,630). Revenues have increased by over 13% and profits before tax have decreased by 6% which reflects a growth in the business, however an increase in costs. Revenue growth has come from our Food Manufacturing & Wholesale customers divisions with our Retail & Food Service customers division growth staying flat. . Food Team International has a stable supply base and one of the main goals is to build long term relationships & developing partnerships whereby all parties benefit from an in depth knowledge of each other’s systems, processes, staff and culture. Maintaining the key supply base has allowed them to increase efficiencies as volumes increase and more knowledge is built up. A consequence of the growth in revenue has manifested in higher stock levels in the UK and within our supply chain. Increased supply chain stress due to world conflicts, trade wars, global shortages and adverse weather conditions have disrupted the usual flow of goods and has resulted in all stake holders maintaining higher minimum stock levels. Food Team International strive to maintain high service levels and in order to achieve this, had to provide increased stocks levels for customers in accordance with contracts. Freight routes were disrupted and transport lead times increasing by 7 to 28 days depending on the Country of Origin. Working capital requirements increased in line with stocks and associated costs. Despite the ‘cost-of-living’ crisis which has resulted in consumers tightening their belts the company are budgeting for higher growth in terms of both volumes delivered and revenue in our next financial year ending April 2026. Quality Assurance During the Company’s annual British Retail Consortium (BRC) audit they achieved an AA Grade for the 7th year running. The increased workload and general escalation of food safety requirements has meant that this department was in high demand and future resource is being considered to maintain current standards. Customers are also requesting more documentation and validation around Environmental, Social, and Governance (ESG). The Company are being requested to prioritise and subscribe to independent organisations which measure current and target future improvements. Information Technology The company’s operations software launched in May 2021 has boosted their efficiency, ensured fewer mistakes, the challenge over the next 12 months will be to improve the financial software integration. For the financial year ending April 2026 they are considering more investments into ERP software integrating AI to ensure future competitiveness. Sales Model The company has fine-tuned their sales model, moving away from the one style fits all ethos with the goal of adding the most value to each customer. Now each division, be that focused on Wholesale, Retail or Food
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FOOD TEAM INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
Manufacturing, has their own unique sales model to attract customers.
The management of the business and the execution of the Company strategy are subject to a number of risks. The key business risks affecting the company are set out below.
Inflation and Recession Inflation levels have decreased and the pressure on increased prices have reversed to such a degree that buyers delayed their purchasing decision to take advantage of potential cost savings. Buyers have taken the opportunity to introduce new suppliers and with Food Team International maintaining high service levels and through various marketing initiatives they have gained new customers in the year. Credit Risk & Liquidity Credit rating agencies remain warry of the UK Food Sector. With Food Team International’s improving balance sheet and liquidity they are anticipating that the next 12 months will allow them to take strategic positions on various product ranges. All of their customers are credit insured to avoid risk associated with debtors going into administration and we mitigated stock and inventory risk through our various insurance cover. Ukrainian / Russian / Gaza Conflict Markets and Food Chains have found ways to cope with the current wars. Unfortunately, their supplies from North Africa, India, Sri Lanka, Thailand and China were particularly affected with containers delayed due to being bumped and increased shipment times going around the Cape of Good Hope. Freight costs has increased to between 2 to 5 times the usual shipping rates depending on origin. Competition Our overall product range remains unique and much of our senior managements’ time is spent orchestrating a basket of products that they have actively sourced from different geographical regions to spread supply risk and add value to their customers. Employee skills and retention The Company have enlarged their employee benefits in order to make Food Team International an attractive place to work. They are looking to grow the team over the next 12 months. In addition to increased stock holding, suppliers requesting support in the form of earlier payment terms, earlier shipments, customers pushed for longer payment terms and more competitive prices. The directors feel that Food Team International has managed this volatility well and their operational and financial base is primed for further growth.
Given the straight forward nature of the business the company's directors are of the opinion that turnover and profit before tax are the key performance indicators (KPIs) for the business and more detailed analysis using KPIs is not necessary for an understanding of the development, performance or position of the business.
This report was approved by the board on 6 November 2025 and signed on its behalf.
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FOOD TEAM INTERNATIONAL LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
The directors present their report and the financial statements for the year ended 30 April 2025.
The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £1,152,751 (2024 - £1,239,972).
Dividends totalling £478,600 (2024 - £380,500) were paid in the year. No further dividend is proposed in relation to the financial year.
The directors who served during the year were:
The auditors, Magee Gammon Corporate Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
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FOOD TEAM INTERNATIONAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
This report was approved by the board on
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FOOD TEAM INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FOOD TEAM INTERNATIONAL LIMITED
We have audited the financial statements of Food Team International Limited (the 'Company') for the year ended 30 April 2025, which comprise the Statement of income and retained earnings, the Analysis of net debt, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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FOOD TEAM INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FOOD TEAM INTERNATIONAL LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.
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FOOD TEAM INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FOOD TEAM INTERNATIONAL LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the company, we have considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management incentives and opportunities for fraudulent manipulation of the financial statements including management override, and considered that the principal risk was related to the posting of inappropriate journal entries to improve the result before tax for the year.
We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. Procedures performed by the audit team included: • Discussions with management regarding known or suspected instances of non-compliance with laws and regulations; • Evaluation of controls designed to prevent and detect irregularities; and • Assessing journal entries as part of our planned audit approach. There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all of our audits we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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FOOD TEAM INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FOOD TEAM INTERNATIONAL LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
Henwood House
Henwood
Kent
TN24 8DH
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FOOD TEAM INTERNATIONAL LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 APRIL 2025
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FOOD TEAM INTERNATIONAL LIMITED
REGISTERED NUMBER: 05324059
BALANCE SHEET
AS AT 30 APRIL 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 13 to 28 form part of these financial statements.
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FOOD TEAM INTERNATIONAL LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
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FOOD TEAM INTERNATIONAL LIMITED
ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 APRIL 2025
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Food Team International Limited is a private company limited by shares and incorporated in England and Wales. The company number is 05324059. The registered office address is Henwood House, Henwood, Ashford, Kent TN24 8DH. The principal place of business is 12-16 Grosvenor Road, Tunbridge Wells, Kent, TN1 2AB.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
Functional and presentation currency
Transactions and balances
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the most appropriate basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
The judgments (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: (i) Purchase recognition - directors recognise the purchases when significant risks and rewards of ownership are passed to them as a buyer. They consider this has taken place on delivery. (ii) Useful economic life of fixed and intangible assets - The annual depreciation and amortisation charges are based upon management's assessment of the useful economic lives and residual values of the company's tangible assets. These are reassessed annually and amended where necessary. (iii) Bad debts - Directors have included bad debt provisions for items due from customers in administration and any other debts which are in dispute and have been reviewed. A proportion has been provided based on expected outcome. (iv) Stock valuation - Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell.
Analysis of turnover by country of destination:
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
11.Taxation (continued)
There were no factors that may affect future tax charges.
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
HSBC UK Bank plc hold a fixed and floating charge over the assets of the company. There is an unlimited multilateral guarantee given by companies under common control: Food Team Group Limited and its subsidiary FTI Online Limited.
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Profit and loss account
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £15,209 (2024 -£12,705) . Contributions totalling £2,366 (2024 -£2,311) were payable to the fund at the balance sheet date and are included in creditors. In addition to this, the company made pension contributions into the directors' personal pensions totalling £199,000 (2024 -£160,000).
Included within other creditors due within one year are amounts due to directors, amounting to £284 (2024- £115).
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FOOD TEAM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
At the balance sheet date, the immediate and ultimate parent undertaking is Food Team International Holdings Limited, a company incorporated in England and Wales.
M Roscoe is the controlling party of the company and parent undertaking. The parent undertaking of the largest group to consolidate these financial statements is Food Team International Holdings Limited, a company incorporated in England and Wales. The registered address of the company is Henwood House, Henwood, Ashford, Kent TN24 8DH.. The ultimate parent undertaking is Food Team International Holdings Limited, a company incorporated in England and Wales. Food Team International Holdings Limited is also the most senior parent entity producing publicly available financial statements. Food Team International Holdings Limited has prepared consolidated financial statements which include this company and are publicly available.
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