Registered number
10189183
FLAVOURS FOOD AND CATERING LIMITED
Filleted Accounts
for the year ended 31 May 2023
FLAVOURS FOOD AND CATERING LIMITED
Registered number: 10189183
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 22,698 16,876
Current assets
Stocks 7,856 6,345
Debtors 4 26,565 25,511
Cash at bank and in hand 19,358 25,651
53,779 57,507
Creditors: amounts falling due within one year 5 (15,527) (8,238)
Net current assets 38,252 49,269
Total assets less current liabilities 60,950 66,145
Creditors: amounts falling due after more than one year 6 (38,891) (44,446)
Net assets 22,059 21,699
Capital and reserves
Called up share capital 1 1
Profit and loss account 22,058 21,698
Shareholders' funds 22,059 21,699
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Vinod Trivedi
Director
Approved by the board on 15 February 2024
FLAVOURS FOOD AND CATERING LIMITED
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of cooked foods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balances
Fixtures, fittings, tools and equipment 20% reducing balances
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 26,785 6,700 33,485
Additions 11,497 - 11,497
At 31 May 2023 38,282 6,700 44,982
Depreciation
At 1 June 2022 14,197 2,412 16,609
Charge for the year 4,817 858 5,675
At 31 May 2023 19,014 3,270 22,284
Net book value
At 31 May 2023 19,268 3,430 22,698
At 31 May 2022 12,588 4,288 16,876
4 Debtors 2023 2022
£ £
Rent paid in advance 12,500 -
Other debtors 14,065 25,511
26,565 25,511
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 8,054 646
Nest Pension 244 9
Taxation and social security costs 3,349 2,711
Other creditors 3,880 4,872
15,527 8,238
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 38,891 44,446
7 Other information
FLAVOURS FOOD AND CATERING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
193 Worple Road
Raynes Park
London
SW20 8RE
FLAVOURS FOOD AND CATERING LIMITED 10189183 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 Ms Vinod Trivedi No description of principal activity 10189183 2021-06-01 2022-05-31 10189183 core:WithinOneYear 2022-05-31 10189183 core:AfterOneYear 2022-05-31 10189183 core:ShareCapital 2022-05-31 10189183 core:RetainedEarningsAccumulatedLosses 2022-05-31 10189183 2022-06-01 2023-05-31 10189183 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10189183 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10189183 bus:Director40 2022-06-01 2023-05-31 10189183 1 2022-06-01 2023-05-31 10189183 2 2022-06-01 2023-05-31 10189183 core:PlantMachinery 2022-06-01 2023-05-31 10189183 core:Vehicles 2022-06-01 2023-05-31 10189183 countries:England 2022-06-01 2023-05-31 10189183 bus:FRS102 2022-06-01 2023-05-31 10189183 bus:FullAccounts 2022-06-01 2023-05-31 10189183 2023-05-31 10189183 core:WithinOneYear 2023-05-31 10189183 core:AfterOneYear 2023-05-31 10189183 core:ShareCapital 2023-05-31 10189183 core:RetainedEarningsAccumulatedLosses 2023-05-31 10189183 core:PlantMachinery 2023-05-31 10189183 core:Vehicles 2023-05-31 10189183 2022-05-31 10189183 core:PlantMachinery 2022-05-31 10189183 core:Vehicles 2022-05-31 iso4217:GBP xbrli:pure