INTERNATIONAL FOOD TECHNOLOGIES LTD

Company Registration Number:
09868785 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

INTERNATIONAL FOOD TECHNOLOGIES LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

INTERNATIONAL FOOD TECHNOLOGIES LTD

Company Information

for the Period Ended 30 June 2023




Director: Artur Tovmasyan
Registered office: 32
The Piazza
London
GBR
WC2E 8RE
Company Registration Number: 09868785 (England and Wales)

INTERNATIONAL FOOD TECHNOLOGIES LTD

Directors' Report Period Ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal Activities

The company's principal activity during the period was take-away food shops and mobile food stands

Political and charitable donations

During the period no charitable or political donations were made

Directors

The directors shown below have held office during the whole of the period from 01 July 2022 to 30 June 2023
Artur Tovmasyan

This report was approved by the board of directors on 16 February 2024
And Signed On Behalf Of The Board By:

Name: Artur Tovmasyan
Status: Director

INTERNATIONAL FOOD TECHNOLOGIES LTD

Profit and Loss Account

for the Period Ended 30 June 2023


Notes

2023
£

2022
£
Turnover 742,079 308,479
Cost of sales ( 261,310 ) ( 109,481 )
Gross Profit or (Loss) 480,769 217,011
Income from coronavirus (COVID-19) business support grants - 18,013
Administrative Expenses ( 470,964 ) ( 390,389 )
Other operating income 0 -
Operating Profit or (Loss) 9,805 ( 173,378 )
Profit or (Loss) Before Tax 9,805 ( 173,378 )
Profit or (Loss) for Period 9,805 ( 173,378 )

The notes form part of these financial statements

INTERNATIONAL FOOD TECHNOLOGIES LTD

Balance sheet

As at 30 June 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 101,567 128,845
Total fixed assets: 101,567 128,845
Current assets
Debtors: 5 471,264 253,683
Cash at bank and in hand: 1,359 36,967
Total current assets: 472,623 290,650
Creditors: amounts falling due within one year: 6 ( 232,439 ) ( 279,483 )
Net current assets (liabilities): 240,184 11,167
Total assets less current liabilities: 341,751 140,012
Creditors: amounts falling due after more than one year: 7 ( 1,365,994 ) ( 1,174,060 )
Total net assets (liabilities): ( 1,024,243 ) ( 1,034,048 )

The notes form part of these financial statements

INTERNATIONAL FOOD TECHNOLOGIES LTD

Balance sheet continued

As at 30 June 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 1,024,343 ) ( 1,034,148 )
Shareholders funds: ( 1,024,243 ) ( 1,034,048 )

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 16 February 2024
And Signed On Behalf Of The Board By:

Name: Artur Tovmasyan
Status: Director

The notes form part of these financial statements

INTERNATIONAL FOOD TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts

    Intangible fixed assets amortisation policy

    Straight-Line method

INTERNATIONAL FOOD TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 9 6

INTERNATIONAL FOOD TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

INTERNATIONAL FOOD TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £
At 01 July 2022 161,162 10,655 32,144 77,700 281,661
Additions - - 3,713 - 3,713
Disposals - - - - -
Revaluations - - - - -
Transfers - - - - -
At 30 June 2023 161,162 10,655 35,857 77,700 285,374
Depreciation
At 01 July 2022 85,717 8,898 27,040 31,161 152,816
Charge for year 15,150 468 3,738 11,635 30,991
On disposals - - - - -
Other adjustments - - - - -
At 30 June 2023 100,867 9,366 30,778 42,796 183,807
Net book value
At 30 June 2023 60,295 1,289 5,079 34,904 101,567
At 30 June 2022 75,445 1,757 5,104 46,539 128,845

INTERNATIONAL FOOD TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors


2023
£

2022
£
Other debtors 471,264 253,683
Total 471,264 253,683
Debtors due after more than one year: 471,183 253,683

INTERNATIONAL FOOD TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 75,570 212,527
Taxation and social security 44,283 34,154
Other creditors 112,586 32,802
Total 232,439 279,483

INTERNATIONAL FOOD TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 113,284 43,982
Other creditors 1,252,710 1,130,078
Total 1,365,994 1,174,060