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Registered number: 11715351
Fat Rooster Peri Peri Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Esteem Financial Solutions Ltd
Unit 5
111 The Greenway
Colindale
London
NW9 5AR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11715351
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 26,040 27,280
Tangible Assets 5 30,816 3,264
56,856 30,544
CURRENT ASSETS
Stocks 6 26,794 22,500
Debtors 7 1,447 -
Cash at bank and in hand 265 814
28,506 23,314
Creditors: Amounts Falling Due Within One Year 8 (56,121 ) (18,817 )
NET CURRENT ASSETS (LIABILITIES) (27,615 ) 4,497
TOTAL ASSETS LESS CURRENT LIABILITIES 29,241 35,041
Creditors: Amounts Falling Due After More Than One Year 9 (90,869 ) (42,279 )
NET LIABILITIES (61,628 ) (7,238 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (61,629 ) (7,239 )
SHAREHOLDERS' FUNDS (61,628) (7,238)
Page 1
Page 2
For the year ending 31 December 2023 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 her 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
Mrs Janarththanan
Director
20/09/2024
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
Fat Rooster Peri Peri Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11715351 . The registered office is 87 Colin Park Road, The Hyde, London, NW9 6HY.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 .... years.
2.4. 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 15%
2.5. 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 3)
2 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 31,000
As at 31 December 2023 31,000
Amortisation
As at 1 January 2023 3,720
Provided during the period 1,240
As at 31 December 2023 4,960
Net Book Value
As at 31 December 2023 26,040
As at 1 January 2023 27,280
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 14,035
Additions 30,000
As at 31 December 2023 44,035
Depreciation
As at 1 January 2023 10,771
Provided during the period 2,448
As at 31 December 2023 13,219
Net Book Value
As at 31 December 2023 30,816
As at 1 January 2023 3,264
6. Stocks
2023 2022
£ £
Stock 26,794 22,500
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,447 -
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 39,066 4,793
Bank loans and overdrafts 466 -
Other taxes and social security 2,853 1,363
VAT 13,736 2,168
Other creditors - 10,493
56,121 18,817
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,255 5,655
Government grants after one year 34,756 36,119
Directors loan account 38,858 505
90,869 42,279
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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