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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
Page
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Feast of Worthing Limited Company Information for the year ended 30 November 2021
Director
K Braddy
Company Number
12295926 (England and Wales)
Registered Office
52 MARLBOROUGH ROAD GORING-BY-SEA WORTHING BN12 4RX ENGLAND
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Feast of Worthing Limited Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,000 
16,000 
Tangible assets
9,102 
4,946 
21,102 
20,946 
Current assets
Inventories
500 
500 
Debtors
9,301 
8,317 
Cash at bank and in hand
6,136 
44,908 
15,937 
53,725 
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)
Capital and reserves
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
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Feast of Worthing Limited Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
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.
Going concern
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
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
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Feast of Worthing Limited Notes to the Accounts for the year ended 30 November 2021
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2020
20,000 
At 30 November 2021
20,000 
Amortisation
At 1 December 2020
4,000 
Charge for the year
4,000 
At 30 November 2021
8,000 
Net book value
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 
Depreciation
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 
Net book value
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 
£ 
£ 
VAT
266 
- 
Accrued income and prepayments
1,217 
1,217 
Other debtors
7,818 
7,100 
9,301 
8,317 
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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 
£ 
£ 
VAT
- 
985 
Trade creditors
3,266 
8,397 
Taxes and social security
- 
421 
Other creditors
3,106 
210 
Loans from directors
10,906 
41,708 
Accruals
8,325 
1,325 
25,603 
53,046 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
37,500 
37,500 
The loans are guaranteed by the government.
9
Share capital
2021 
2020 
£ 
£ 
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).
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