1 March 2023 v2024.52.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP112020432023-03-012024-02-28112020432024-02-28112020432023-02-2811202043core:WithinOneYear2024-02-2811202043core:WithinOneYear2023-02-2811202043core:AfterOneYear2024-02-2811202043core:AfterOneYear2023-02-2811202043core:ShareCapital2024-02-2811202043core:ShareCapital2023-02-2811202043core:RetainedEarningsAccumulatedLosses2024-02-2811202043core:RetainedEarningsAccumulatedLosses2023-02-2811202043bus:Director12023-03-012024-02-2811202043bus:RegisteredOffice2023-03-012024-02-2811202043core:NetGoodwill2023-03-012024-02-2811202043core:Goodwill2023-03-012024-02-2811202043core:PlantMachinery2023-03-012024-02-2811202043core:FurnitureFittings2023-03-012024-02-2811202043core:OfficeEquipment2023-03-012024-02-28112020432022-03-012023-02-2811202043core:NetGoodwill2024-02-2811202043core:NetGoodwill2023-03-0111202043core:NetGoodwill2023-02-2811202043core:PlantMachinery2024-02-2811202043core:PlantMachinery2023-03-0111202043core:PlantMachinery2023-02-281120204312023-03-012024-02-2811202043countries:EnglandWales2023-03-012024-02-2811202043bus:AuditExemptWithAccountantsReport2023-03-012024-02-2811202043bus:PrivateLimitedCompanyLtd2023-03-012024-02-2811202043bus:SmallEntities2023-03-012024-02-2811202043bus:FullAccounts2023-03-012024-02-28
Company registration number:
11202043
Yummy Nosh
Unaudited Filleted Financial Statements for the year ended
28 February 2024
Yummy Nosh
Report to the board of directors on the preparation of the unaudited statutory financial statements of Yummy Nosh
Year ended
28 February 2024
As described on the statement of financial position, the Board of Directors of
Yummy Nosh
are responsible for the preparation of the
financial statements
for the year ended
28 February 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Gina Bartlett t/a Bartlett Accounting Services
2 Wigmore Road
Tadley
RG26 4HH
United Kingdom
Date:
21 October 2024
Yummy Nosh
Statement of Financial Position
28 February 2024
20242023
Note££
Fixed assets    
Intangible assets 5
1,106
 
2,211
 
Tangible assets 6
15,955
 
29,249
 
17,061
 
31,460
 
Current assets    
Debtors 7
17,898
 
32,124
 
Cash at bank and in hand
181
 
705
 
18,079
 
32,829
 
Creditors: amounts falling due within one year 8
(73,785
)
(65,091
)
Net current liabilities
(55,706
)
(32,262
)
Total assets less current liabilities (38,645 ) (802 )
Creditors: amounts falling due after more than one year 9
(17,776
)
(19,833
)
Net liabilities
(56,421
)
(20,635
)
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
(56,422
)
(20,636
)
Shareholders deficit
(56,421
)
(20,635
)
For the year ending
28 February 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • 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;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
21 October 2024
, and are signed on behalf of the board by:
Simon Ward
Director
Company registration number:
11202043
Yummy Nosh
Notes to the Financial Statements
Year ended
28 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Oaksfields
,
Soke Road
,
Reading
,
Berkshire
,
RG7 2PA
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The directors, having considered the above, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. The director will continue to support the company, and has not set terms for repayment of the director loan.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
20% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% straight line
Fixtures and fittings
33.33% straight line
Office equipment
33.33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2023:
5.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 March 2023
and
28 February 2024
5,526
 
Amortisation  
At
1 March 2023
3,315
 
Charge
1,105
 
At
28 February 2024
4,420
 
Carrying amount  
At
28 February 2024
1,106
 
At 28 February 2023
2,211
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2023
and
28 February 2024
67,870
 
Depreciation  
At
1 March 2023
38,621
 
Charge
13,294
 
At
28 February 2024
51,915
 
Carrying amount  
At
28 February 2024
15,955
 
At 28 February 2023
29,249
 

7 Debtors

20242023
££
Trade debtors
16,546
 
28,096
 
Other debtors
1,352
 
4,028
 
17,898
 
32,124
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
8,019
 
8,019
 
Trade creditors
2,274
 
1,247
 
Taxation and social security
572
 
2,547
 
Other creditors
62,920
 
53,278
 
73,785
 
65,091
 

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
9,611
 
18,163
 
Other creditors
8,165
 
1,670
 
17,776
 
19,833