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Company Registration No. 9758691 (England and Wales)
Fifty Three Foods Limited Unaudited accounts for the year ended 30 September 2023
Fifty Three Foods Limited Unaudited accounts Contents
Page
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Fifty Three Foods Limited Company Information for the year ended 30 September 2023
Director
Mrs M Perry
Company Number
9758691 (England and Wales)
Registered Office
Moreton House 31 High Street Buckingham Buckinghamshire MK18 1NU United Kingdom
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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Fifty Three Foods Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,431 
17,568 
Current assets
Inventories
3,374 
1,825 
Debtors
3,607 
2,309 
Cash at bank and in hand
1,446 
1,790 
8,427 
5,924 
Creditors: amounts falling due within one year
(17,937)
(3,118)
Net current (liabilities)/assets
(9,510)
2,806 
Net assets
10,921 
20,374 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
10,911 
20,364 
Shareholders' funds
10,921 
20,374 
For the year ending 30 September 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 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 12 November 2023 and were signed on its behalf by
Mrs M Perry Director Company Registration No. 9758691
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Fifty Three Foods Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Fifty Three Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 9758691. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU, 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.
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:
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
20% on reducing balance
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.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Fifty Three Foods Limited Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2022
11,088 
21,100 
11,108 
2,814 
46,110 
Additions
5,587 
- 
1,229 
566 
7,382 
At 30 September 2023
16,675 
21,100 
12,337 
3,380 
53,492 
Depreciation
At 1 October 2022
6,878 
13,274 
6,423 
1,967 
28,542 
Charge for the year
1,958 
1,565 
713 
283 
4,519 
At 30 September 2023
8,836 
14,839 
7,136 
2,250 
33,061 
Net book value
At 30 September 2023
7,839 
6,261 
5,201 
1,130 
20,431 
At 30 September 2022
4,210 
7,826 
4,685 
847 
17,568 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,579 
114 
Accrued income and prepayments
1,028 
975 
Other debtors
- 
1,220 
3,607 
2,309 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,328 
2,203 
Trade creditors
2,323 
- 
Taxes and social security
182 
215 
Other creditors
533 
- 
Loans from directors
11,871 
- 
Accruals
700 
700 
17,937 
3,118 
7
Controlling party
The controlling party is Mrs M Perry.
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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