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Company Registration No. 11755033 (England and Wales)
Food Inn Limited Unaudited accounts for the year ended 31 January 2023
Food Inn Limited Unaudited accounts Contents
Page
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Food Inn Limited Company Information for the year ended 31 January 2023
Director
Mahboob Hussain
Company Number
11755033 (England and Wales)
Registered Office
20 ROUNDHAY ROAD LEEDS LS7 1AB UNITED KINGDOM
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Food Inn Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
211,102 
153,223 
Current assets
Inventories
37,147 
28,257 
Debtors
10,799 
13,981 
Cash at bank and in hand
17,598 
71,058 
65,544 
113,296 
Creditors: amounts falling due within one year
(62,780)
(84,929)
Net current assets
2,764 
28,367 
Total assets less current liabilities
213,866 
181,590 
Creditors: amounts falling due after more than one year
(46,005)
(45,381)
Net assets
167,861 
136,209 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
167,761 
136,109 
Shareholders' funds
167,861 
136,209 
For the year ending 31 January 2023 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 his 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 25 October 2023 and were signed on its behalf by
Mahboob Hussain Director Company Registration No. 11755033
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Food Inn Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Food Inn Limited is a private company, limited by shares, registered in England and Wales, registration number 11755033. The registered office is 20 ROUNDHAY ROAD, LEEDS, LS7 1AB, UNITED KINGDOM.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
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.
Government grants, Covid -19
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss. Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating expenses, whereas all fixed cost against these are debited in the profit and loss account too.
Trading activity
Restaurant and takeaway
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Food Inn Limited Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
22,439 
176,739 
199,178 
Additions
- 
96,201 
96,201 
At 31 January 2023
22,439 
272,940 
295,379 
Depreciation
At 1 February 2022
4,263 
41,692 
45,955 
Charge for the year
3,635 
34,687 
38,322 
At 31 January 2023
7,898 
76,379 
84,277 
Net book value
At 31 January 2023
14,541 
196,561 
211,102 
At 31 January 2022
18,176 
135,047 
153,223 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,909 
7,854 
Trade debtors
5,890 
6,127 
10,799 
13,981 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
14,110 
15,317 
Taxes and social security
6,221 
5,896 
Other creditors
- 
21,316 
Loans from directors
40,000 
40,000 
Accruals
2,449 
2,400 
62,780 
84,929 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
46,005 
45,381 
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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