1 July 2022 false No description of principal activity Taxfiler 2023.14 true 06608668business:PrivateLimitedCompanyLtd2022-07-012023-06-30 066086682022-06-30 066086682022-07-012023-06-30 06608668business:AuditExempt-NoAccountantsReport2022-07-012023-06-30 06608668business:FilletedAccounts2022-07-012023-06-30 066086682023-06-30 06608668business:Director12022-07-012023-06-30 06608668business:RegisteredOffice2022-07-012023-06-30 066086682022-06-30 06608668core:WithinOneYear2023-06-30 06608668core:WithinOneYear2022-06-30 06608668core:AfterOneYear2023-06-30 06608668core:AfterOneYear2022-06-30 06608668core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 06608668core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 06608668core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 06608668core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 06608668core:PreviouslyStatedAmount2023-06-30 06608668core:PreviouslyStatedAmount2022-06-30 06608668business:SmallEntities2022-07-012023-06-30 06608668countries:EnglandWales2022-07-012023-06-30 06608668core:FurnitureFittings2022-07-012023-06-30 06608668core:ComputerEquipment2022-07-012023-06-30 06608668core:FurnitureFittings2022-06-30 06608668core:ComputerEquipment2022-06-30 06608668core:FurnitureFittings2023-06-30 06608668core:ComputerEquipment2023-06-30 06608668core:AfterOneYear2022-07-012023-06-30 066086682021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 06608668 (England and Wales)
The Food Marketing Expert Ltd Unaudited accounts for the year ended 30 June 2023
The Food Marketing Expert Ltd Unaudited accounts Contents
Page
- 2 -
The Food Marketing Expert Ltd Company Information for the year ended 30 June 2023
Director
Vhari Russell
Company Number
06608668 (England and Wales)
Registered Office
49 West End Brampton Huntingdon PE28 4SF
- 3 -
The Food Marketing Expert Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,587 
1,510 
Current assets
Debtors
15,280 
21,718 
Cash at bank and in hand
13,398 
32,767 
28,678 
54,485 
Creditors: amounts falling due within one year
(24,079)
(42,592)
Net current assets
4,599 
11,893 
Total assets less current liabilities
6,186 
13,403 
Creditors: amounts falling due after more than one year
(9,307)
(14,898)
Provisions for liabilities
Deferred tax
(317)
(286)
Net liabilities
(3,438)
(1,781)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,439)
(1,782)
Shareholders' funds
(3,438)
(1,781)
For the year ending 30 June 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 7 March 2024 and were signed on its behalf by
Vhari Russell Director Company Registration No. 06608668
- 4 -
The Food Marketing Expert Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
The Food Marketing Expert Ltd is a private company, limited by shares, registered in England and Wales, registration number 06608668. The registered office is 49 West End, Brampton, Huntingdon, PE28 4SF.
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.
Going concern
The director is of the opinion that the business is a going concern on the basis that as at the date of signing the balance sheet management accounts have shown a profit.
Presentation currency
The accounts are presented in £ sterling.
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 determined by reference to the contract agreed.
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:
Fixtures & fittings
Reducing balance 15%
Computer equipment
Reducing balance 25%
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.
- 5 -
The Food Marketing Expert Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
419 
1,772 
2,191 
Additions
- 
1,423 
1,423 
Disposals
(169)
(1,348)
(1,517)
At 30 June 2023
250 
1,847 
2,097 
Depreciation
At 1 July 2022
226 
455 
681 
Charge for the year
23 
259 
282 
On disposals
(79)
(374)
(453)
At 30 June 2023
170 
340 
510 
Net book value
At 30 June 2023
80 
1,507 
1,587 
At 30 June 2022
193 
1,317 
1,510 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,762 
18,573 
Other debtors
3,518 
3,145 
15,280 
21,718 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,397 
3,996 
VAT
179 
12,548 
Trade creditors
8,699 
5,634 
Taxes and social security
620 
- 
Other creditors
3,621 
921 
Loans from directors
1,902 
14,003 
Accruals
4,661 
5,490 
24,079 
42,592 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,307 
14,898 
The loan is the government secured Bounce Back Loan, with an interest rate of 2.5% per annum.
8
Transactions with related parties
During the year the sole director and shareholder, Mrs V Russell loaned money to the company. The balance at the 30 June 2023 is £1,902 (2022: £14,003).
- 6 -
The Food Marketing Expert Ltd Notes to the Accounts for the year ended 30 June 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 7 -