IRIS Accounts Production v24.1.9.2 12984558 director 1.11.22 31.10.23 31.10.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129845582022-10-31129845582023-10-31129845582022-11-012023-10-31129845582021-10-31129845582021-11-012022-10-31129845582022-10-3112984558ns15:EnglandWales2022-11-012023-10-3112984558ns14:PoundSterling2022-11-012023-10-3112984558ns10:Director12022-11-012023-10-3112984558ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3112984558ns10:SmallEntities2022-11-012023-10-3112984558ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3112984558ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3112984558ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3112984558ns10:FullAccounts2022-11-012023-10-3112984558ns10:RegisteredOffice2022-11-012023-10-3112984558ns5:CurrentFinancialInstruments2023-10-3112984558ns5:CurrentFinancialInstruments2022-10-3112984558ns5:ShareCapital2023-10-3112984558ns5:ShareCapital2022-10-3112984558ns5:RetainedEarningsAccumulatedLosses2023-10-3112984558ns5:RetainedEarningsAccumulatedLosses2022-10-3112984558ns5:PlantMachinery2022-11-012023-10-3112984558ns5:PlantMachinery2023-10-31
REGISTERED NUMBER: 12984558 (England and Wales)











































Foodful Ltd

Unaudited Financial Statements

for the Year Ended 31st October 2023






Foodful Ltd (Registered number: 12984558)






Contents of the Financial Statements
for the year ended 31st October 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 4


Foodful Ltd

Company Information
for the year ended 31st October 2023







Director: S Walker





Registered office: Unit 5, Meantime Workshops
North Greenwich Road
Spittal
Berwick Upon Tweed
Northumberland
TD15 1RG





Registered number: 12984558 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Foodful Ltd (Registered number: 12984558)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 465 -

Current assets
Stocks 1,500 1,500
Cash at bank and in hand 1,873 717
3,373 2,217
Creditors
Amounts falling due within one year 5 8,474 6,470
Net current liabilities (5,101 ) (4,253 )
Total assets less current liabilities (4,636 ) (4,253 )

Capital and reserves
Called up share capital 100 100
Retained earnings (4,736 ) (4,353 )
Shareholders' funds (4,636 ) (4,253 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st July 2024 and were signed by:





S Walker - Director


Foodful Ltd (Registered number: 12984558)

Notes to the Financial Statements
for the year ended 31st October 2023

1. Statutory information

Foodful 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.

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 represents the total value of fruit, vegetables and other food sold during the year.

Turnover arising from the sale of goods is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors and directors' loans.

Directors' loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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.


Foodful Ltd (Registered number: 12984558)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

2. Accounting policies - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The company has a deficit on the balance sheet and relies on the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the director has prepared the financial statements on the going concern basis.

3. Employees and directors

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

4. Tangible fixed assets
Plant and
machinery
£   
Cost
Additions 619
At 31st October 2023 619
Depreciation
Charge for year 154
At 31st October 2023 154
Net book value
At 31st October 2023 465

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 1,574 570
Other creditors 6,900 5,900
8,474 6,470