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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
Page
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Fifty Three Foods Limited Company Information for the year ended 30 September 2024
Director
Mrs M Perry
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
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Fifty Three Foods Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,488 
20,431 
Current assets
Inventories
4,142 
3,374 
Debtors
4,282 
3,607 
Cash at bank and in hand
2,792 
1,446 
11,216 
8,427 
Creditors: amounts falling due within one year
(9,564)
(17,937)
Net current assets/(liabilities)
1,652 
(9,510)
Net assets
18,140 
10,921 
Capital and reserves
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
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Fifty Three Foods Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
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:
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
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
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.
Pension costs
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 taxation
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.
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Fifty Three Foods Limited Notes to the Accounts for the year ended 30 September 2024
4
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,128 
2,579 
Accrued income and prepayments
1,154 
1,028 
4,282 
3,607 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,034 
2,328 
Trade creditors
200 
2,323 
Taxes and social security
200 
182 
Other creditors
- 
533 
Loans from directors
4,330 
11,871 
Accruals
800 
700 
9,564 
17,937 
7
Controlling party
The controlling party is Mrs M Perry.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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