2023-06-012024-02-292024-02-29false06245422THE F1 CHEFS LTD2024-04-2456210iso4217:GBPxbrli:pure062454222023-06-01062454222024-02-29062454222023-06-012024-02-29062454222022-06-01062454222023-05-31062454222022-06-012023-05-3106245422bus:SmallEntities2023-06-012024-02-2906245422bus:AuditExempt-NoAccountantsReport2023-06-012024-02-2906245422bus:AbridgedAccounts2023-06-012024-02-2906245422bus:PrivateLimitedCompanyLtd2023-06-012024-02-2906245422core:WithinOneYear2024-02-2906245422core:AfterOneYear2024-02-2906245422core:WithinOneYear2023-05-3106245422core:AfterOneYear2023-05-3106245422core:ShareCapital2024-02-2906245422core:SharePremium2024-02-2906245422core:RevaluationReserve2024-02-2906245422core:OtherReservesSubtotal2024-02-2906245422core:RetainedEarningsAccumulatedLosses2024-02-2906245422core:ShareCapital2023-05-3106245422core:SharePremium2023-05-3106245422core:RevaluationReserve2023-05-3106245422core:OtherReservesSubtotal2023-05-3106245422core:RetainedEarningsAccumulatedLosses2023-05-3106245422core:LandBuildings2024-02-2906245422core:PlantMachinery2024-02-2906245422core:Vehicles2024-02-2906245422core:FurnitureFittings2024-02-2906245422core:OfficeEquipment2024-02-2906245422core:NetGoodwill2024-02-2906245422core:IntangibleAssetsOtherThanGoodwill2024-02-2906245422core:ListedExchangeTraded2024-02-2906245422core:UnlistedNon-exchangeTraded2024-02-2906245422core:LandBuildings2023-05-3106245422core:PlantMachinery2023-05-3106245422core:Vehicles2023-05-3106245422core:FurnitureFittings2023-05-3106245422core:OfficeEquipment2023-05-3106245422core:NetGoodwill2023-05-3106245422core:IntangibleAssetsOtherThanGoodwill2023-05-3106245422core:ListedExchangeTraded2023-05-3106245422core:UnlistedNon-exchangeTraded2023-05-3106245422core:LandBuildings2023-06-012024-02-2906245422core:PlantMachinery2023-06-012024-02-2906245422core:Vehicles2023-06-012024-02-2906245422core:FurnitureFittings2023-06-012024-02-2906245422core:OfficeEquipment2023-06-012024-02-2906245422core:NetGoodwill2023-06-012024-02-2906245422core:IntangibleAssetsOtherThanGoodwill2023-06-012024-02-2906245422core:ListedExchangeTraded2023-06-012024-02-2906245422core:UnlistedNon-exchangeTraded2023-06-012024-02-2906245422core:MoreThanFiveYears2023-06-012024-02-2906245422core:Non-currentFinancialInstruments2024-02-2906245422core:Non-currentFinancialInstruments2023-05-3106245422dpl:CostSales2023-06-012024-02-2906245422dpl:DistributionCosts2023-06-012024-02-2906245422core:LandBuildings2023-06-012024-02-2906245422core:PlantMachinery2023-06-012024-02-2906245422core:Vehicles2023-06-012024-02-2906245422core:FurnitureFittings2023-06-012024-02-2906245422core:OfficeEquipment2023-06-012024-02-2906245422dpl:AdministrativeExpenses2023-06-012024-02-2906245422core:NetGoodwill2023-06-012024-02-2906245422core:IntangibleAssetsOtherThanGoodwill2023-06-012024-02-2906245422dpl:GroupUndertakings2023-06-012024-02-2906245422dpl:ParticipatingInterests2023-06-012024-02-2906245422dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-02-2906245422core:ListedExchangeTraded2023-06-012024-02-2906245422dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-02-2906245422core:UnlistedNon-exchangeTraded2023-06-012024-02-2906245422dpl:CostSales2022-06-012023-05-3106245422dpl:DistributionCosts2022-06-012023-05-3106245422core:LandBuildings2022-06-012023-05-3106245422core:PlantMachinery2022-06-012023-05-3106245422core:Vehicles2022-06-012023-05-3106245422core:FurnitureFittings2022-06-012023-05-3106245422core:OfficeEquipment2022-06-012023-05-3106245422dpl:AdministrativeExpenses2022-06-012023-05-3106245422core:NetGoodwill2022-06-012023-05-3106245422core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3106245422dpl:GroupUndertakings2022-06-012023-05-3106245422dpl:ParticipatingInterests2022-06-012023-05-3106245422dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3106245422core:ListedExchangeTraded2022-06-012023-05-3106245422dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3106245422core:UnlistedNon-exchangeTraded2022-06-012023-05-3106245422core:NetGoodwill2024-02-2906245422core:IntangibleAssetsOtherThanGoodwill2024-02-2906245422core:LandBuildings2024-02-2906245422core:PlantMachinery2024-02-2906245422core:Vehicles2024-02-2906245422core:FurnitureFittings2024-02-2906245422core:OfficeEquipment2024-02-2906245422core:AfterOneYear2024-02-2906245422core:WithinOneYear2024-02-2906245422core:ListedExchangeTraded2024-02-2906245422core:UnlistedNon-exchangeTraded2024-02-2906245422core:ShareCapital2024-02-2906245422core:SharePremium2024-02-2906245422core:RevaluationReserve2024-02-2906245422core:OtherReservesSubtotal2024-02-2906245422core:RetainedEarningsAccumulatedLosses2024-02-2906245422core:NetGoodwill2023-05-3106245422core:IntangibleAssetsOtherThanGoodwill2023-05-3106245422core:LandBuildings2023-05-3106245422core:PlantMachinery2023-05-3106245422core:Vehicles2023-05-3106245422core:FurnitureFittings2023-05-3106245422core:OfficeEquipment2023-05-3106245422core:AfterOneYear2023-05-3106245422core:WithinOneYear2023-05-3106245422core:Liste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THE F1 CHEFS LTD

Registered Number
06245422
(England and Wales)

Unaudited Financial Statements for the Period ended
29 February 2024

THE F1 CHEFS LTD
Company Information
for the period from 1 June 2023 to 29 February 2024

Director

SMEE, Jonathan

Company Secretary

SMEE, John

Registered Address

Unit C Anchor House School Lane
Chandler's Ford
Eastleigh
SO53 4DY

Registered Number

06245422 (England and Wales)
THE F1 CHEFS LTD
Balance Sheet as at
29 February 2024

Notes

29 Feb 2024

31 May 2023

£

£

£

£

Fixed assets
Tangible assets3-918
-918
Current assets
Debtors4-15,294
Cash at bank and on hand-176
-15,470
Creditors amounts falling due within one year5(9,298)(9,341)
Net current assets (liabilities)(9,298)6,129
Total assets less current liabilities(9,298)7,047
Creditors amounts falling due after one year-(6,600)
Net assets(9,298)447
Capital and reserves
Called up share capital100100
Profit and loss account(9,398)347
Shareholders' funds(9,298)447
The financial statements were approved and authorised for issue by the Director on 24 April 2024, and are signed on its behalf by:
SMEE, Jonathan
Director
Registered Company No. 06245422
THE F1 CHEFS LTD
Notes to the Financial Statements
for the period ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from sale of goods
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
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Office Equipment-4
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 234,165
Disposals(4,165)
Depreciation and impairment
At 01 June 233,247
Charge for year245
On disposals(3,492)
Net book value
At 29 February 24-
At 31 May 23918
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests-14,313
Other debtors-981
Total-15,294
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-288
Bank borrowings and overdrafts7,6262,400
Amounts owed to related parties1,672-
Taxation and social security-5,370
Accrued liabilities and deferred income-1,283
Total9,2989,341
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SMEE, Jonathan14,31315,96928,6101,672
14,31315,96928,6101,672