Registered number
05810795
Thandi Foods Limited
Filleted Accounts
31 March 2024
Thandi Foods Limited
Registered number: 05810795
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 380 447
Current assets
Stocks 2,899 1,645
Debtors 5 14,155 20,489
Cash at bank and in hand 9,538 5,321
26,592 27,455
Creditors: amounts falling due within one year 6 (552) (986)
Net current assets 26,040 26,469
Net assets 26,420 26,916
Capital and reserves
Called up share capital 24,000 24,000
Profit and loss account 2,420 2,916
Shareholders' funds 26,420 26,916
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jugdish Kaur Thandi
Director
Approved by the board on 19 December 2024
Thandi Foods Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% Reducing Balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 10,000
At 31 March 2024 10,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 0 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 16,778 5,826 22,604
At 31 March 2024 16,778 5,826 22,604
Depreciation
At 1 April 2023 16,778 5,379 22,157
Charge for the year - 67 67
At 31 March 2024 16,778 5,446 22,224
Net book value
At 31 March 2024 - 380 380
At 31 March 2023 - 447 447
5 Debtors 2024 2023
£ £
Other debtors 14,155 20,489
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 552 986
7 Other information
Thandi Foods Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Hall Crescent
West Bromwich
Birmingham
West Midlands
B71 1BS
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