Company Registration No. 12295926 (England and Wales)
Feast of Worthing Limited
Unaudited accounts
for the year ended 30 November 2021
Feast of Worthing Limited
Unaudited accounts
Contents
Feast of Worthing Limited
Company Information
for the year ended 30 November 2021
Company Number
12295926 (England and Wales)
Registered Office
52 MARLBOROUGH ROAD
GORING-BY-SEA
WORTHING
BN12 4RX
ENGLAND
Feast of Worthing Limited
Statement of financial position
as at 30 November 2021
Intangible assets
12,000
16,000
Tangible assets
9,102
4,946
Cash at bank and in hand
6,136
44,908
Creditors: amounts falling due within one year
(25,603)
(53,046)
Net current (liabilities)/assets
(9,666)
679
Total assets less current liabilities
11,436
21,625
Creditors: amounts falling due after more than one year
(37,500)
(37,500)
Net liabilities
(26,064)
(15,875)
Called up share capital
10
10
Profit and loss account
(26,074)
(15,885)
Shareholders' funds
(26,064)
(15,875)
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2022 and were signed on its behalf by
K Braddy
Director
Company Registration No. 12295926
Feast of Worthing Limited
Notes to the Accounts
for the year ended 30 November 2021
Feast of Worthing Limited is a private company, limited by shares, registered in England and Wales, registration number 12295926. The registered office is 52 MARLBOROUGH ROAD, GORING-BY-SEA, WORTHING, BN12 4RX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company is dependent on the continued support of the director and shareholder, in its ability to continue as a going concern. The director has provided the company with a loan without any formal repayment terms and confirmed that the loan will not be repaid until the company has sufficient funds in place to do so, on this basis the director consider that it is appropriate for the financial statements to be prepared on a going concern basis.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over length of the lease
Plant & machinery
25% Straight line
Motor vehicles
25% Straight line
Computer equipment
25% Straight line
Feast of Worthing Limited
Notes to the Accounts
for the year ended 30 November 2021
4
Intangible fixed assets
Goodwill
At 30 November 2021
20,000
At 30 November 2021
12,000
At 30 November 2020
16,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2020
1
4,511
1,100
699
6,311
Additions
-
5,929
-
-
5,929
At 30 November 2021
1
10,440
1,100
699
12,240
At 1 December 2020
-
1,086
229
50
1,365
Charge for the year
-
1,505
218
50
1,773
At 30 November 2021
-
2,591
447
100
3,138
At 30 November 2021
1
7,849
653
599
9,102
At 30 November 2020
1
3,425
871
649
4,946
6
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
1,217
1,217
Feast of Worthing Limited
Notes to the Accounts
for the year ended 30 November 2021
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
3,266
8,397
Taxes and social security
-
421
Loans from directors
10,906
41,708
8
Creditors: amounts falling due after more than one year
2021
2020
The loans are guaranteed by the government.
Allotted, called up and fully paid:
10 issued ordinary shares for cash at par of £1 each
10
10
10
Operating lease commitments
2021
2020
At 30 November 2021 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
More than five years
77,500
91,500
11
Average number of employees
During the year the average number of employees was 4 (2020: 4).