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
The Food Marketing Expert Ltd
Company Information
for the year ended 30 June 2023
Company Number
06608668 (England and Wales)
Registered Office
49 West End
Brampton
Huntingdon
PE28 4SF
The Food Marketing Expert Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
1,587
1,510
Cash at bank and in hand
13,398
32,767
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
Net liabilities
(3,438)
(1,781)
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
The Food Marketing Expert Ltd
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
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 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.
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
Disposals
(169)
(1,348)
(1,517)
At 30 June 2023
250
1,847
2,097
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
At 30 June 2023
80
1,507
1,587
At 30 June 2022
193
1,317
1,510
Amounts falling due within one year
Trade debtors
11,762
18,573
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,397
3,996
Trade creditors
8,699
5,634
Taxes and social security
620
-
Loans from directors
1,902
14,003
7
Creditors: amounts falling due after more than one year
2023
2022
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).
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).