Future Dining Ltd 13546879 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is provision of eat in and take away food and drink. Digita Accounts Production Advanced 6.30.9574.0 true true 13546879 2023-02-01 2024-01-31 13546879 2024-01-31 13546879 bus:OrdinaryShareClass1 2024-01-31 13546879 core:CurrentFinancialInstruments 2024-01-31 13546879 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13546879 core:Goodwill 2024-01-31 13546879 core:FurnitureFittings 2024-01-31 13546879 core:OfficeEquipment 2024-01-31 13546879 bus:SmallEntities 2023-02-01 2024-01-31 13546879 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13546879 bus:FilletedAccounts 2023-02-01 2024-01-31 13546879 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13546879 bus:RegisteredOffice 2023-02-01 2024-01-31 13546879 bus:Director1 2023-02-01 2024-01-31 13546879 bus:Director2 2023-02-01 2024-01-31 13546879 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 13546879 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13546879 core:Goodwill 2023-02-01 2024-01-31 13546879 core:FurnitureFittings 2023-02-01 2024-01-31 13546879 core:OfficeEquipment 2023-02-01 2024-01-31 13546879 countries:UnitedKingdom 2023-02-01 2024-01-31 13546879 2023-01-31 13546879 core:Goodwill 2023-01-31 13546879 core:FurnitureFittings 2023-01-31 13546879 core:OfficeEquipment 2023-01-31 13546879 2022-02-01 2023-01-31 13546879 2023-01-31 13546879 bus:OrdinaryShareClass1 2023-01-31 13546879 core:CurrentFinancialInstruments 2023-01-31 13546879 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13546879 core:Goodwill 2023-01-31 13546879 core:FurnitureFittings 2023-01-31 13546879 core:OfficeEquipment 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13546879

Future Dining Ltd

trading as Khao Yai

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Future Dining Ltd

trading as Khao Yai

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Future Dining Ltd

trading as Khao Yai

Company Information

Directors

Geoffrey Ian Hill

Jeffrey Paul East

Registered office

Unit 5 Ducketts Wharf
South Street
Bishop's Stortford
Herts
CM23 3AR

Accountants

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

 

Future Dining Ltd

trading as Khao Yai

(Registration number: 13546879)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

88,000

99,000

Tangible assets

5

13,634

18,178

 

101,634

117,178

Current assets

 

Debtors

6

5,336

9,708

Cash at bank and in hand

 

41,756

20,827

 

47,092

30,535

Creditors: Amounts falling due within one year

7

(152,947)

(164,485)

Net current liabilities

 

(105,855)

(133,950)

Net liabilities

 

(4,221)

(16,772)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(4,321)

(16,872)

Shareholders' deficit

 

(4,221)

(16,772)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 October 2024 and signed on its behalf by:
 

 

Future Dining Ltd

trading as Khao Yai

(Registration number: 13546879)
Balance Sheet as at 31 January 2024

.........................................
Geoffrey Ian Hill
Director

.........................................
Jeffrey Paul East
Director

 

Future Dining Ltd

trading as Khao Yai

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 5 Ducketts Wharf
South Street
Bishop's Stortford
Herts
CM23 3AR
England

These financial statements were authorised for issue by the Board on 3 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Future Dining Ltd

trading as Khao Yai

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance

Furniture and fittings

25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Future Dining Ltd

trading as Khao Yai

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 9).

 

Future Dining Ltd

trading as Khao Yai

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2023

110,000

110,000

At 31 January 2024

110,000

110,000

Amortisation

At 1 February 2023

11,000

11,000

Amortisation charge

11,000

11,000

At 31 January 2024

22,000

22,000

Carrying amount

At 31 January 2024

88,000

88,000

At 31 January 2023

99,000

99,000

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 February 2023

20,000

4,239

24,239

At 31 January 2024

20,000

4,239

24,239

Depreciation

At 1 February 2023

5,000

1,061

6,061

Charge for the year

3,750

794

4,544

At 31 January 2024

8,750

1,855

10,605

Carrying amount

At 31 January 2024

11,250

2,384

13,634

At 31 January 2023

15,000

3,178

18,178

6

Debtors

 

Future Dining Ltd

trading as Khao Yai

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Current

2024
£

2023
£

Trade debtors

1,169

708

Prepayments

4,167

9,000

 

5,336

9,708

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

4,105

5,483

Taxation and social security

15,067

7,492

Accruals and deferred income

700

683

Other creditors

133,075

150,827

152,947

164,485

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100