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Company Registration No. 09907806 (England and Wales)
INNOVATIVE FOOD CONCEPTS LTD Financial Statements for the year ended 31 December 2023
INNOVATIVE FOOD CONCEPTS LTD Financial Statements Contents
Page
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INNOVATIVE FOOD CONCEPTS LTD Company Information for the year ended 31 December 2023
Director
Mr, Ram Krishan Yadav
Company Number
09907806 (England and Wales)
Registered Office
VIVO LATINO COW BRIDGE EAST 147 CARDIFF, WALES WALES CF11 9AH WALES
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INNOVATIVE FOOD CONCEPTS LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
200 
300 
Current assets
Inventories
2,175 
650 
Cash at bank and in hand
26,937 
84,257 
29,112 
84,907 
Creditors: amounts falling due within one year
(4,364)
(24,120)
Net current assets
24,748 
60,787 
Total assets less current liabilities
24,948 
61,087 
Creditors: amounts falling due after more than one year
(67,694)
(46,696)
Net (liabilities)/assets
(42,746)
14,391 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(42,748)
14,389 
Shareholders' funds
(42,746)
14,391 
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 members have 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 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 and authorised for issue on 23 September 2024 and were signed on its behalf by
Mr, Ram Krishan Yadav Director Company Registration No. 09907806
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INNOVATIVE FOOD CONCEPTS LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
INNOVATIVE FOOD CONCEPTS LTD is a private company, limited by shares, registered in England and Wales, registration number 09907806. The registered office is VIVO LATINO COW BRIDGE EAST, 147, CARDIFF, WALES, WALES, CF11 9AH, WALES.
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:
Fixtures & fittings
20%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
56,835 
At 31 December 2023
56,835 
Depreciation
At 1 January 2023
56,535 
Charge for the year
100 
At 31 December 2023
56,635 
Net book value
At 31 December 2023
200 
At 31 December 2022
300 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
4,364 
24,120 
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INNOVATIVE FOOD CONCEPTS LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
36,574 
42,130 
Other creditors
31,120 
4,566 
67,694 
46,696 
7
Average number of employees
During the year the average number of employees was 12 (2022: 12).
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