Company Registration No. 9758691 (England and Wales)
Fifty Three Foods Limited
Unaudited accounts
for the year ended 30 September 2024
Fifty Three Foods Limited
Unaudited accounts
Contents
Fifty Three Foods Limited
Company Information
for the year ended 30 September 2024
Company Number
9758691 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Buckinghamshire
MK18 1NU
United Kingdom
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Fifty Three Foods Limited
Statement of financial position
as at 30 September 2024
Tangible assets
16,488
20,431
Cash at bank and in hand
2,792
1,446
Creditors: amounts falling due within one year
(9,564)
(17,937)
Net current assets/(liabilities)
1,652
(9,510)
Called up share capital
10
10
Profit and loss account
18,130
10,911
Shareholders' funds
18,140
10,921
For the year ending 30 September 2024 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 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 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 19 October 2024 and were signed on its behalf by
Mrs M Perry
Director
Company Registration No. 9758691
Fifty Three Foods Limited
Notes to the Accounts
for the year ended 30 September 2024
Fifty Three Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 9758691. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
20% on reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fifty Three Foods Limited
Notes to the Accounts
for the year ended 30 September 2024
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
16,675
21,100
12,337
3,380
53,492
Additions
3,169
-
564
-
3,733
Disposals
(4,568)
(9,849)
(3,354)
(2,115)
(19,886)
At 30 September 2024
15,276
11,251
9,547
1,265
37,339
At 1 October 2023
8,836
14,839
7,136
2,250
33,061
Charge for the year
1,982
922
554
144
3,602
On disposals
(3,469)
(8,197)
(2,442)
(1,704)
(15,812)
At 30 September 2024
7,349
7,564
5,248
690
20,851
At 30 September 2024
7,927
3,687
4,299
575
16,488
At 30 September 2023
7,839
6,261
5,201
1,130
20,431
Amounts falling due within one year
Accrued income and prepayments
1,154
1,028
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
200
182
Loans from directors
4,330
11,871
The controlling party is Mrs M Perry.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).