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
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
Frankly Foodies Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
32,258
39,263
Cash at bank and in hand
134,596
135,696
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)
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
Frankly Foodies Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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 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.
Frankly Foodies Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill
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
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
At 30 April 2024
21,534
10,724
32,258
At 30 April 2023
24,078
15,185
39,263
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
Trade creditors
6,911
5,777
Taxes and social security
7,021
8,980
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
Loans from directors
65,393
31,549
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).