IRIS Accounts Production v22.2.0.402 05551375 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure055513752020-12-31055513752021-12-31055513752021-01-012021-12-31055513752019-12-31055513752020-01-012020-12-31055513752020-12-3105551375ns16:EnglandWales2021-01-012021-12-3105551375ns15:PoundSterling2021-01-012021-12-3105551375ns11:Director12021-01-012021-12-3105551375ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3105551375ns11:SmallEntities2021-01-012021-12-3105551375ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3105551375ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3105551375ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3105551375ns11:FullAccounts2021-01-012021-12-3105551375ns11:OrdinaryShareClass12021-01-012021-12-3105551375ns11:OrdinaryShareClass22021-01-012021-12-3105551375ns11:Director22021-01-012021-12-3105551375ns11:RegisteredOffice2021-01-012021-12-3105551375ns6:CurrentFinancialInstruments2021-12-3105551375ns6:CurrentFinancialInstruments2020-12-3105551375ns6:Non-currentFinancialInstruments2021-12-3105551375ns6:Non-currentFinancialInstruments2020-12-3105551375ns6:ShareCapital2021-12-3105551375ns6:ShareCapital2020-12-3105551375ns6:RetainedEarningsAccumulatedLosses2021-12-3105551375ns6:RetainedEarningsAccumulatedLosses2020-12-3105551375ns6:PlantMachinery2021-01-012021-12-3105551375ns6:PlantMachinery2020-12-3105551375ns6:PlantMachinery2021-12-3105551375ns6:PlantMachinery2020-12-3105551375ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3105551375ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3105551375ns11:OrdinaryShareClass12021-12-3105551375ns11:OrdinaryShareClass22021-12-31
REGISTERED NUMBER: 05551375 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

THE FOOD PEOPLE LIMITED

THE FOOD PEOPLE LIMITED (REGISTERED NUMBER: 05551375)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE FOOD PEOPLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: W Edwards
C Banks





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 05551375 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

THE FOOD PEOPLE LIMITED (REGISTERED NUMBER: 05551375)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,614 8,282

CURRENT ASSETS
Debtors 5 628,945 319,351
Cash at bank 520,883 750,059
1,149,828 1,069,410
CREDITORS
Amounts falling due within one year 6 387,042 402,876
NET CURRENT ASSETS 762,786 666,534
TOTAL ASSETS LESS CURRENT LIABILITIES 769,400 674,816

CREDITORS
Amounts falling due after more than one
year

7

(125,000

)

(187,500

)

PROVISIONS FOR LIABILITIES (1,257 ) (2,622 )
NET ASSETS 643,143 484,694

THE FOOD PEOPLE LIMITED (REGISTERED NUMBER: 05551375)

BALANCE SHEET - continued
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 125 125
Retained earnings 643,018 484,569
SHAREHOLDERS' FUNDS 643,143 484,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 12 September 2022 and were signed on its behalf by:





W Edwards - Director


THE FOOD PEOPLE LIMITED (REGISTERED NUMBER: 05551375)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

The Food People 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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.

THE FOOD PEOPLE LIMITED (REGISTERED NUMBER: 05551375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

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 20 (2020 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 69,135
Additions 4,632
Disposals (42,262 )
At 31 December 2021 31,505
DEPRECIATION
At 1 January 2021 60,853
Charge for year 6,300
Eliminated on disposal (42,262 )
At 31 December 2021 24,891
NET BOOK VALUE
At 31 December 2021 6,614
At 31 December 2020 8,282

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 293,950 314,497
Other debtors 334,995 4,854
628,945 319,351

THE FOOD PEOPLE LIMITED (REGISTERED NUMBER: 05551375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 62,500 62,500
Trade creditors 25,840 19,205
Taxation and social security 216,195 182,295
Other creditors 82,507 138,876
387,042 402,876

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 125,000 187,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary A £1 100 100
25 Ordinary B £1 25 25
125 125

9. RELATED PARTY DISCLOSURES

As at the balance sheet date the company had borrowing from the directors of £3,283 (2020 - £3,383). The borrowing is interest free and has no fixed repayment term.