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REGISTERED NUMBER: 09524173 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 October 2023

for

The Food Firm Ltd

The Food Firm Ltd (Registered number: 09524173)






Contents of the Financial Statements
for the Year Ended 30 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Food Firm Ltd

Company Information
for the Year Ended 30 October 2023







DIRECTOR: N M J Zuppar





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 09524173 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

The Food Firm Ltd (Registered number: 09524173)

Balance Sheet
30 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,499 125,671

CURRENT ASSETS
Stocks 12,717 12,340
Debtors 5 79,241 38,769
Cash at bank and in hand 171,128 111,960
263,086 163,069
CREDITORS
Amounts falling due within one year 6 255,467 380,881
NET CURRENT ASSETS/(LIABILITIES) 7,619 (217,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,118

(92,141

)

CREDITORS
Amounts falling due after more than one
year

7

16,514

26,611
NET ASSETS/(LIABILITIES) 99,604 (118,752 )

CAPITAL AND RESERVES
Called up share capital 9 200,000 200,000
Retained earnings (100,396 ) (318,752 )
SHAREHOLDERS' FUNDS 99,604 (118,752 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Food Firm Ltd (Registered number: 09524173)

Balance Sheet - continued
30 October 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





N M J Zuppar - Director


The Food Firm Ltd (Registered number: 09524173)

Notes to the Financial Statements
for the Year Ended 30 October 2023

1. STATUTORY INFORMATION

The Food Firm Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The comparatives represent an 18 month period and so are not directly comparable with the current years results.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the life of the lease
Plant and machinery - 20% or 25% on cost

Government grants
Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the income statement in the same period as the related expenditure.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The Food Firm Ltd (Registered number: 09524173)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 53 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 October 2022 109,612 189,813 299,425
Additions 6,218 23,193 29,411
Disposals (16,301 ) (8,670 ) (24,971 )
At 30 October 2023 99,529 204,336 303,865
DEPRECIATION
At 31 October 2022 109,612 64,142 173,754
Charge for year 2,203 37,238 39,441
Eliminated on disposal (16,301 ) (1,528 ) (17,829 )
At 30 October 2023 95,514 99,852 195,366
NET BOOK VALUE
At 30 October 2023 4,015 104,484 108,499
At 30 October 2022 - 125,671 125,671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,410 37,289
Other debtors 28,831 1,480
79,241 38,769

The Food Firm Ltd (Registered number: 09524173)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,099 9,849
Trade creditors 75,722 92,327
Taxation and social security 66,296 70,688
Other creditors 103,350 208,017
255,467 380,881

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,514 26,611

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 150,000 -
Between one and five years 150,000 -
300,000 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200,000 Ordinary £1 200,000 200,000

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N M J Zuppar.