Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09384449 Mr Ibrar Ahmed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09384449 2023-04-30 09384449 2024-04-30 09384449 2023-05-01 2024-04-30 09384449 frs-core:CurrentFinancialInstruments 2024-04-30 09384449 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 09384449 frs-core:NetGoodwill 2024-04-30 09384449 frs-core:NetGoodwill 2023-05-01 2024-04-30 09384449 frs-core:NetGoodwill 2023-04-30 09384449 frs-core:MotorVehicles 2024-04-30 09384449 frs-core:MotorVehicles 2023-05-01 2024-04-30 09384449 frs-core:MotorVehicles 2023-04-30 09384449 frs-core:OtherResidualIntangibleAssets 2024-04-30 09384449 frs-core:OtherResidualIntangibleAssets 2023-04-30 09384449 frs-core:PlantMachinery 2024-04-30 09384449 frs-core:PlantMachinery 2023-05-01 2024-04-30 09384449 frs-core:PlantMachinery 2023-04-30 09384449 frs-core:WithinOneYear 2024-04-30 09384449 frs-core:ShareCapital 2024-04-30 09384449 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09384449 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09384449 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09384449 frs-bus:SmallEntities 2023-05-01 2024-04-30 09384449 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09384449 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09384449 frs-bus:Director1 2023-05-01 2024-04-30 09384449 frs-countries:EnglandWales 2023-05-01 2024-04-30 09384449 2022-04-30 09384449 2023-04-30 09384449 2022-05-01 2023-04-30 09384449 frs-core:CurrentFinancialInstruments 2023-04-30 09384449 frs-core:WithinOneYear 2023-04-30 09384449 frs-core:ShareCapital 2023-04-30 09384449 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 09384449
Four Seasons Food Services (NE) Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
ICAEW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09384449
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 43,749 45,697
43,749 45,697
CURRENT ASSETS
Stocks 6 583,508 570,654
Debtors 7 480,835 699,580
Cash at bank and in hand 1,434,136 1,221,448
2,498,479 2,491,682
Creditors: Amounts Falling Due Within One Year 8 (714,505 ) (737,744 )
NET CURRENT ASSETS (LIABILITIES) 1,783,974 1,753,938
TOTAL ASSETS LESS CURRENT LIABILITIES 1,827,723 1,799,635
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,937 ) (11,424 )
NET ASSETS 1,816,786 1,788,211
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,816,686 1,788,111
SHAREHOLDERS' FUNDS 1,816,786 1,788,211
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ibrar Ahmed
Director
16/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Four Seasons Food Services (NE) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09384449 . The registered office is 7 Chancery Rise , Thornaby, Stockton-On-Tees, Cleveland, TS17 0AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% straight line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 20)
19 20
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 May 2023 8,500 - 8,500
As at 30 April 2024 8,500 - 8,500
Amortisation
As at 1 May 2023 8,500 - 8,500
As at 30 April 2024 8,500 - 8,500
Net Book Value
As at 30 April 2024 - - -
As at 1 May 2023 - - -
Goodwill is being written off in equal instalments over its estimated economic life of 5 years.
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 89,316 52,426 141,742
Additions - 10,000 10,000
As at 30 April 2024 89,316 62,426 151,742
Depreciation
As at 1 May 2023 61,496 34,549 96,045
Provided during the period 5,386 6,562 11,948
As at 30 April 2024 66,882 41,111 107,993
Net Book Value
As at 30 April 2024 22,434 21,315 43,749
As at 1 May 2023 27,820 17,877 45,697
6. Stocks
2024 2023
£ £
Stock 583,508 570,654
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 480,835 699,580
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 576,823 526,458
Corporation tax 49,000 161,200
Other taxes and social security 1,675 1,518
VAT 82,971 33,014
Director's loan account 4,036 15,554
714,505 737,744
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
Total financial commitments which are not included in the balance sheet:
2024 2023
£ £
Not later than one year 2,500 10,625
2,500 10,625
Page 5