Company registration number 12393865 (England and Wales)
FOOD AND BOARD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
FOOD AND BOARD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FOOD AND BOARD LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
6,724
8,696
Current assets
Debtors
5
2,532
2,524
Cash at bank and in hand
2,942
1,799
5,474
4,323
Creditors: amounts falling due within one year
6
(37,953)
(27,030)
Net current liabilities
(32,479)
(22,707)
Net liabilities
(25,755)
(14,011)
Capital and reserves
Called up share capital
-
0
-
0
Profit and loss reserves
(25,755)
(14,011)
Total equity
(25,755)
(14,011)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 August 2024 and are signed on its behalf by:
Sarah Laszlo
Director
Company registration number 12393865 (England and Wales)
FOOD AND BOARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information

Food and Board Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12 Wincester Way, Blackwater, Camberley, England, GU17 0EW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% Straight Line
Computers
33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

FOOD AND BOARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
FOOD AND BOARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 and 31 January 2024
9,857
Depreciation and impairment
At 1 February 2023
1,161
Depreciation charged in the year
1,972
At 31 January 2024
3,133
Carrying amount
At 31 January 2024
6,724
At 31 January 2023
8,696
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
9
-
0
Other debtors
2,523
2,524
2,532
2,524
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
218
-
0
Taxation and social security
2,370
1,409
Other creditors
35,365
25,621
37,953
27,030
7
Related party transactions

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Key management personnel
33,501
-
2024-01-312023-02-01falseCCH SoftwareCCH Accounts Production 2024.200No description of principal activitySarah LaszloRobert Laszlofalsefalse123938652023-02-012024-01-31123938652024-01-31123938652023-01-3112393865core:OtherPropertyPlantEquipment2024-01-3112393865core:OtherPropertyPlantEquipment2023-01-3112393865core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3112393865core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3112393865core:CurrentFinancialInstruments2024-01-3112393865core:CurrentFinancialInstruments2023-01-3112393865core:ShareCapital2024-01-3112393865core:ShareCapital2023-01-3112393865core:RetainedEarningsAccumulatedLosses2024-01-3112393865core:RetainedEarningsAccumulatedLosses2023-01-3112393865bus:Director12023-02-012024-01-3112393865core:FurnitureFittings2023-02-012024-01-3112393865core:ComputerEquipment2023-02-012024-01-31123938652022-02-012023-01-3112393865core:OtherPropertyPlantEquipment2023-01-3112393865core:OtherPropertyPlantEquipment2023-02-012024-01-3112393865core:WithinOneYear2024-01-3112393865core:WithinOneYear2023-01-3112393865bus:PrivateLimitedCompanyLtd2023-02-012024-01-3112393865bus:SmallCompaniesRegimeForAccounts2023-02-012024-01-3112393865bus:FRS1022023-02-012024-01-3112393865bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3112393865bus:Director22023-02-012024-01-3112393865bus:FullAccounts2023-02-012024-01-31xbrli:purexbrli:sharesiso4217:GBP