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Company Registration No. 10451118 (England and Wales)
Frankly Foodies Ltd Unaudited accounts for the year ended 30 April 2024
Frankly Foodies Ltd Unaudited accounts Contents
Page
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Frankly Foodies Ltd Company Information for the year ended 30 April 2024
Directors
VALERIO, Caroline Susan VALERIO, Jean-Francois Roger
Secretary
VALERIO, Caroline Susan
Company Number
10451118 (England and Wales)
Registered Office
Woodman Inn Fernham Faringdon Oxfordshire SN7 7NX England
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Frankly Foodies Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,258 
39,263 
Current assets
Inventories
13,310 
14,738 
Debtors
1,011 
677 
Cash at bank and in hand
134,596 
135,696 
148,917 
151,111 
Creditors: amounts falling due within one year
(44,509)
(49,157)
Net current assets
104,408 
101,954 
Total assets less current liabilities
136,666 
141,217 
Creditors: amounts falling due after more than one year
(76,435)
(52,543)
Provisions for liabilities
Deferred tax
(2,724)
(2,724)
Net assets
57,507 
85,950 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
56,507 
84,950 
Shareholders' funds
57,507 
85,950 
For the year ending 30 April 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 16 July 2024 and were signed on its behalf by
VALERIO, Jean-Francois Roger Director Company Registration No. 10451118
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Frankly Foodies Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Frankly Foodies Ltd is a private company, limited by shares, registered in England and Wales, registration number 10451118. The registered office is Woodman Inn, Fernham, Faringdon, Oxfordshire, SN7 7NX, England.
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.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
17 years straight line
Plant & machinery
10/4 years straight line
Computer equipment
4 years straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Frankly Foodies Ltd Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
5,000 
At 30 April 2024
5,000 
Amortisation
At 1 May 2023
5,000 
At 30 April 2024
5,000 
Net book value
At 30 April 2024
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
38,683 
46,073 
84,756 
At 30 April 2024
38,683 
46,073 
84,756 
Depreciation
At 1 May 2023
14,605 
30,888 
45,493 
Charge for the year
2,544 
4,461 
7,005 
At 30 April 2024
17,149 
35,349 
52,498 
Net book value
At 30 April 2024
21,534 
10,724 
32,258 
At 30 April 2023
24,078 
15,185 
39,263 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,011 
677 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,644 
10,644 
VAT
19,133 
22,956 
Trade creditors
6,911 
5,777 
Taxes and social security
7,021 
8,980 
Accruals
800 
800 
44,509 
49,157 
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Frankly Foodies Ltd Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,042 
20,994 
Loans from directors
65,393 
31,549 
76,435 
52,543 
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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