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REGISTERED NUMBER: 07526755 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

FOOD LEGAL LIMITED

FOOD LEGAL LIMITED (REGISTERED NUMBER: 07526755)






Contents of the Financial Statements
for the year ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOOD LEGAL LIMITED

Company Information
for the year ended 31 MARCH 2024







DIRECTORS: H V M Howell
L R C Wilkes





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 07526755 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

FOOD LEGAL LIMITED (REGISTERED NUMBER: 07526755)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 145

CURRENT ASSETS
Debtors 5 2,627 3,144
Cash at bank 17,896 30,552
20,523 33,696
CREDITORS
Amounts falling due within one year 6 10,286 6,491
NET CURRENT ASSETS 10,237 27,205
TOTAL ASSETS LESS CURRENT LIABILITIES 10,237 27,350

CREDITORS
Amounts falling due after more than one
year

7

-

16,667
NET ASSETS 10,237 10,683

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 10,235 10,681
SHAREHOLDERS' FUNDS 10,237 10,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FOOD LEGAL LIMITED (REGISTERED NUMBER: 07526755)

Balance Sheet - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:





H V M Howell - Director


FOOD LEGAL LIMITED (REGISTERED NUMBER: 07526755)

Notes to the Financial Statements
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Food Legal Limited 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 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.
Office equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

FOOD LEGAL LIMITED (REGISTERED NUMBER: 07526755)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023 3,424
Disposals (3,424 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 3,279
Eliminated on disposal (3,279 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,627 2,404
Other debtors - 740
2,627 3,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 255 6
Taxation and social security 934 598
Other creditors 9,097 5,887
10,286 6,491

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 16,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 2 2

FOOD LEGAL LIMITED (REGISTERED NUMBER: 07526755)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

9. GOVERNMENT GRANTS AND ASSISTANCE NOTE

Other Operating Income includes Government Grants and Assistance.

The Company applied for a Bounce Back Loan, which was received in May 2021 for £20,000. The scheme provides loans with government backed guarantee as well as business interruption payments to cover the first 12 months of interest payments and any lender-levied fees.

During the financial year ended 31st March 2024, the Bounce Back Loan was repaid in full.