REGISTERED NUMBER: 04551594 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

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 TSB Bank plc

12 Swan Street

Warwick

CV34 4BJ

FIXED ASSETS

Tangible assets

4

332,923

318,141

CURRENT ASSETS

Stocks

331,611

346,230

Debtors

1,217,309

867,449

Cash at bank

242,575

665,520

1,791,495

1,879,199

CREDITORS

Amounts falling due within one year

692,038

823,367

NET CURRENT ASSETS

1,099,457

1,055,832

TOTAL ASSETS LESS CURRENT LIABILITIES

1,432,380

1,373,973

CREDITORS

Amounts falling due after more than one year

(114,308

)

(65,662

)

PROVISIONS FOR LIABILITIES

(66,585

)

(60,078

)

NET ASSETS

1,251,487

1,248,233

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

1,251,387

1,248,133

SHAREHOLDERS' FUNDS

1,251,487

1,248,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 2017 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 12 June 2017 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 have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year.

The company adopted FRS 102 Section 1A "Small Entities" in the current year and both the financial

performance and financial position of the company have remained unchanged as a result of the transition.

The date of transition was 1 February 2015.

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 17 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2016

722,614

Additions

114,350

Disposals

(77,820

)

At 31 January 2017

759,144

DEPRECIATION

At 1 February 2016

404,473

Charge for year

79,035

Eliminated on disposal

(57,287

)

At 31 January 2017

426,221

NET BOOK VALUE

At 31 January 2017

332,923

At 31 January 2016

318,141

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

Totals

£

COST

At 1 February 2016

365,499

Additions

114,000

Disposals

(77,820

)

At 31 January 2017

401,679

DEPRECIATION

At 1 February 2016

233,094

Charge for year

56,468

Eliminated on disposal

(57,287

)

At 31 January 2017

232,275

NET BOOK VALUE

At 31 January 2017

169,404

At 31 January 2016

132,405

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2017

2016

£

£

Net obligations repayable:

Within one year

45,182

37,956

Between one and five years

114,308

65,662

159,490

103,618

Non-cancellable

operating leases

2017

2016

£

£

Within one year

101,368

101,368

Between one and five years

161,412

262,781

262,780

364,149

6.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

159,490

103,618

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

8.	PENSION COMMITMENTS

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

its assets are held by independent managers. The pension charge represents contributions due from the company

and amounted to £1,972 (2016 - £nil).

9.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in

respect of the financial and operating policies of the company.