Company registration number 04820891 (England and Wales)
FEAST HOME DELIVERY SERVICE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
FEAST HOME DELIVERY SERVICE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
FEAST HOME DELIVERY SERVICE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
30
Tangible assets
5
-
0
304
-
0
334
Current assets
Debtors
6
354,456
322,387
Cash at bank and in hand
10,009
171
364,465
322,558
Creditors: amounts falling due within one year
7
(251,229)
(242,359)
Net current assets
113,236
80,199
Total assets less current liabilities
113,236
80,533
Creditors: amounts falling due after more than one year
8
(93,990)
(80,255)
Net assets
19,246
278
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
19,244
276
Total equity
19,246
278
FEAST HOME DELIVERY SERVICE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 18 October 2023
B Islam
Director
Company Registration No. 04820891
FEAST HOME DELIVERY SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Feast Home Delivery Service Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tagus House, 9 Ocean Way, Southampton, Hampshire, United Kingdom, SO14 3TJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

The company provides takeaway food and catering services to customers. Revenue from the sale of the services are recognised when the services have been provided.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trademark
10% on straight line
Website Costs
20% on straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FEAST HOME DELIVERY SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets. A provision is made for any impairment loss and taken to the profit and loss account.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company only enters into Basic financial instrument transactions.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

 

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

FEAST HOME DELIVERY SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -
Current tax

The current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in the tax assessments.

 

Unrelieved tax losses and other deferred tax assets are recognised 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 company's liability for current and deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2022 - 1).

2023
2022
Number
Number
Total
1
1
FEAST HOME DELIVERY SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
4
Intangible fixed assets
Other
Website Costs
Total
£
£
£
Cost
At 1 April 2022 and 31 March 2023
200
51,735
51,935
Amortisation and impairment
At 1 April 2022
200
51,705
51,905
Amortisation charged for the year
-
0
30
30
At 31 March 2023
200
51,735
51,935
Carrying amount
At 31 March 2023
-
0
-
0
-
0
At 31 March 2022
-
0
30
30
5
Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2022
23,335
Disposals
(23,335)
At 31 March 2023
-
0
Depreciation and impairment
At 1 April 2022
23,031
Depreciation charged in the year
76
Eliminated in respect of disposals
(23,107)
At 31 March 2023
-
0
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
304
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
354,456
322,387
FEAST HOME DELIVERY SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 7 -
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
25,312
27,208
Trade creditors
37,400
37,400
Corporation tax
144,149
159,109
Other taxation and social security
32,996
16,570
Accruals and deferred income
11,372
2,072
251,229
242,359
8
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
93,990
80,255
9
Related party transactions

During the year, the company was owed £353,868 (2022 - £321,687) from Merchant Trading Company Limited, its ultimate parent company.

2023-03-312022-04-01false18 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityB Islamfalse048208912022-04-012023-03-31048208912023-03-31048208912022-03-3104820891core:IntangibleAssetsOtherThanGoodwill2023-03-3104820891core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-03-3104820891core:IntangibleAssetsOtherThanGoodwill2022-03-3104820891core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-03-3104820891core:PlantMachinery2023-03-3104820891core:PlantMachinery2022-03-3104820891core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3104820891core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3104820891core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3104820891core:Non-currentFinancialInstrumentscore:AfterOneYear2022-03-3104820891core:CurrentFinancialInstruments2023-03-3104820891core:CurrentFinancialInstruments2022-03-3104820891core:ShareCapital2023-03-3104820891core:ShareCapital2022-03-3104820891core:RetainedEarningsAccumulatedLosses2023-03-3104820891core:RetainedEarningsAccumulatedLosses2022-03-3104820891bus:Director12022-04-012023-03-3104820891core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104820891core:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3104820891core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104820891core:PlantMachinery2022-04-012023-03-31048208912021-04-012022-03-3104820891core:IntangibleAssetsOtherThanGoodwill2022-03-3104820891core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-03-31048208912022-03-3104820891core:PlantMachinery2022-03-3104820891core:Non-currentFinancialInstruments2023-03-3104820891core:Non-currentFinancialInstruments2022-03-3104820891bus:PrivateLimitedCompanyLtd2022-04-012023-03-3104820891bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104820891bus:FRS1022022-04-012023-03-3104820891bus:AuditExemptWithAccountantsReport2022-04-012023-03-3104820891bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP