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
Food Inn Limited
Company Information
for the year ended 31 January 2023
Company Number
11755033 (England and Wales)
Registered Office
20 ROUNDHAY ROAD
LEEDS
LS7 1AB
UNITED KINGDOM
Food Inn Limited
Statement of financial position
as at 31 January 2023
Tangible assets
211,102
153,223
Cash at bank and in hand
17,598
71,058
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
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
Food Inn Limited
Notes to the Accounts
for the year ended 31 January 2023
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.
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.
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 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.
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
At 31 January 2023
22,439
272,940
295,379
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
At 31 January 2023
14,541
196,561
211,102
At 31 January 2022
18,176
135,047
153,223
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
14,110
15,317
Taxes and social security
6,221
5,896
Loans from directors
40,000
40,000
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).