REGISTERED NUMBER: 04551594 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

A & J AUDHALI FRESH FARM FOODS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A A Audhali

J A Audhali

SECRETARY:

J A Audhali

REGISTERED OFFICE:

14 Harriott Drive

Heathcote Industrial Estate

Warwick

Warwickshire

CV34 6TJ

REGISTERED NUMBER:

04551594 (England and Wales)

BANKERS:

Lloyds Bank plc

12 Swan Street

Warwick

CV34 4BJ

FIXED ASSETS

Tangible assets

4

290,489

332,923

CURRENT ASSETS

Stocks

343,130

331,611

Debtors

1,148,635

1,217,309

Cash at bank

571,072

242,575

2,062,837

1,791,495

CREDITORS

Amounts falling due within one year

851,276

692,038

NET CURRENT ASSETS

1,211,561

1,099,457

TOTAL ASSETS LESS CURRENT LIABILITIES

1,502,050

1,432,380

CREDITORS

Amounts falling due after more than one year

(70,400

)

(114,308

)

PROVISIONS FOR LIABILITIES

(55,193

)

(66,585

)

NET ASSETS

1,376,457

1,251,487

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

1,376,357

1,251,387

SHAREHOLDERS' FUNDS

1,376,457

1,251,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 10 July 2018 and were signed on its behalf by:

A A Audhali - Director

1.	STATUTORY INFORMATION

A & J Audhali Fresh Farm Foods Limited is a private company, limited by shares , registered in England and

Wales. 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 the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded

to the nearest £1.

Turnover

Turnover comprises the value of sales (excluding value added tax, similar taxes and trade discounts) of goods

and services provided in the normal course of business. Revenue is recognised when the goods are despatched,

which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of

ownership passes to the buyer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.3% on reducing balance

Stocks

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

moving items.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2017 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2017

759,144

Additions

34,656

Disposals

(28,500

)

At 31 January 2018

765,300

DEPRECIATION

At 1 February 2017

426,221

Charge for year

68,072

Eliminated on disposal

(19,482

)

At 31 January 2018

474,811

NET BOOK VALUE

At 31 January 2018

290,489

At 31 January 2017

332,923

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 February 2017

401,679

Transfer to ownership

(183,500

)

At 31 January 2018

218,179

DEPRECIATION

At 1 February 2017

232,275

Charge for year

35,119

Transfer to ownership

(154,570

)

At 31 January 2018

112,824

NET BOOK VALUE

At 31 January 2018

105,355

At 31 January 2017

169,404

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2018

2017

£

£

Net obligations repayable:

Within one year

43,908

45,182

Between one and five years

70,400

114,308

114,308

159,490

Non-cancellable

operating leases

2018

2017

£

£

Within one year

101,368

101,368

Between one and five years

60,044

161,412

161,412

262,780

6.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

114,308

159,490

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the directors and certain employees.

The scheme and its assets are held by independent managers. The pension charge represents contributions due

from the company and amounted to £7,788 (2017 - £1,972).