Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity1111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01713209 2022-07-01 2023-06-30 01713209 2021-07-01 2022-06-30 01713209 2023-06-30 01713209 2022-06-30 01713209 c:Director2 2022-07-01 2023-06-30 01713209 d:Buildings d:ShortLeaseholdAssets 2022-07-01 2023-06-30 01713209 d:Buildings d:ShortLeaseholdAssets 2023-06-30 01713209 d:Buildings d:ShortLeaseholdAssets 2022-06-30 01713209 d:PlantMachinery 2022-07-01 2023-06-30 01713209 d:PlantMachinery 2023-06-30 01713209 d:PlantMachinery 2022-06-30 01713209 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01713209 d:OfficeEquipment 2022-07-01 2023-06-30 01713209 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01713209 d:CurrentFinancialInstruments 2023-06-30 01713209 d:CurrentFinancialInstruments 2022-06-30 01713209 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01713209 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 01713209 d:ShareCapital 2023-06-30 01713209 d:ShareCapital 2022-06-30 01713209 d:RetainedEarningsAccumulatedLosses 2023-06-30 01713209 d:RetainedEarningsAccumulatedLosses 2022-06-30 01713209 c:FRS102 2022-07-01 2023-06-30 01713209 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 01713209 c:FullAccounts 2022-07-01 2023-06-30 01713209 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 01713209 2 2022-07-01 2023-06-30 01713209 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 01713209 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 01713209 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 01713209









FOOD FOR THOUGHT (GUILDFORD) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
FOOD FOR THOUGHT (GUILDFORD) LIMITED
REGISTERED NUMBER: 01713209

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,944
8,503

  
5,944
8,503

Current assets
  

Stocks
  
100,832
97,629

Debtors: amounts falling due within one year
 5 
446,813
429,676

Cash at bank and in hand
  
26,703
56,477

  
574,348
583,782

Creditors: amounts falling due within one year
 6 
(118,609)
(99,996)

Net current assets
  
 
 
455,739
 
 
483,786

Total assets less current liabilities
  
461,683
492,289

Provisions for liabilities
  

Deferred tax
 7 
(1,129)
(1,615)

  
 
 
(1,129)
 
 
(1,615)

Net assets
  
460,554
490,674


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
450,554
480,674

  
460,554
490,674


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
FOOD FOR THOUGHT (GUILDFORD) LIMITED
REGISTERED NUMBER: 01713209
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 November 2023.




R Steidle
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FOOD FOR THOUGHT (GUILDFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Food for thought (Guildford) Limited is a company incorporated in the United Kingdom under the Companies Act. The company is a private company limited by shares and is registered in England and Wales. The company's registered number is 01713209. The address of the registered office is 1 The Green, Richmond, Surrey, United Kingdom, TW9 1PL. 
The principal activity of the company continued to be the retailing of health food and associated products.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
FOOD FOR THOUGHT (GUILDFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
FOOD FOR THOUGHT (GUILDFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the term of the lease
Plant and machinery
-
10% on a straight line basis
Office equipment
-
3 Years on a straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
FOOD FOR THOUGHT (GUILDFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 11).


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 July 2022
9,567
162,392
171,959



At 30 June 2023

9,567
162,392
171,959



Depreciation


At 1 July 2022
8,962
154,494
163,456


Charge for the year on owned assets
454
2,105
2,559



At 30 June 2023

9,416
156,599
166,015



Net book value



At 30 June 2023
151
5,793
5,944



At 30 June 2022
605
7,898
8,503


5.


Debtors

2023
2022
£
£


Trade debtors
9,267
5,148
Page 6

 
FOOD FOR THOUGHT (GUILDFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.Debtors (continued)


Amounts owed by group undertakings
433,364
380,729

Other debtors
1
31,816

Prepayments and accrued income
4,181
11,983

446,813
429,676



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
94,353
78,653

Other taxation and social security
13,132
10,196

Other creditors
804
827

Accruals and deferred income
10,320
10,320

118,609
99,996


Page 7

 
FOOD FOR THOUGHT (GUILDFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Deferred taxation




2023


£






At beginning of year
(1,615)


Charged to profit or loss
486



At end of year
(1,129)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,129)
(1,615)

(1,129)
(1,615)


8.


Controlling party

The directors consider the ultimate parent undertaking to be FFT Holdings Limited , a company which is incorporated in the UK, registered in England and Wales. The registered office and principal place of business is 1 The Green, Richmond, Surrey, United Kingdom, TW9 1PL.

 
Page 8