Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false152023-07-01No description of principal activity17truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05258852 2023-07-01 2024-06-30 05258852 2022-07-01 2023-06-30 05258852 2024-06-30 05258852 2023-06-30 05258852 c:Director3 2023-07-01 2024-06-30 05258852 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 05258852 d:Buildings d:LongLeaseholdAssets 2024-06-30 05258852 d:Buildings d:LongLeaseholdAssets 2023-06-30 05258852 d:PlantMachinery 2023-07-01 2024-06-30 05258852 d:PlantMachinery 2024-06-30 05258852 d:PlantMachinery 2023-06-30 05258852 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05258852 d:OfficeEquipment 2023-07-01 2024-06-30 05258852 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05258852 d:Goodwill 2024-06-30 05258852 d:Goodwill 2023-06-30 05258852 d:CurrentFinancialInstruments 2024-06-30 05258852 d:CurrentFinancialInstruments 2023-06-30 05258852 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05258852 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05258852 d:ShareCapital 2024-06-30 05258852 d:ShareCapital 2023-06-30 05258852 d:RetainedEarningsAccumulatedLosses 2024-06-30 05258852 d:RetainedEarningsAccumulatedLosses 2023-06-30 05258852 c:FRS102 2023-07-01 2024-06-30 05258852 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05258852 c:FullAccounts 2023-07-01 2024-06-30 05258852 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05258852 d:WithinOneYear 2024-06-30 05258852 d:WithinOneYear 2023-06-30 05258852 d:BetweenOneFiveYears 2024-06-30 05258852 d:BetweenOneFiveYears 2023-06-30 05258852 2 2023-07-01 2024-06-30 05258852 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 05258852 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 05258852 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05258852









FOOD FOR THOUGHT (KEW) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
FOOD FOR THOUGHT (KEW) LIMITED
REGISTERED NUMBER: 05258852

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
29,233
46,719

  
29,233
46,719

Current assets
  

Stocks
  
-
52,890

Debtors: amounts falling due within one year
 6 
6,064
12,738

Cash at bank and in hand
 7 
5,957
15,464

  
12,021
81,092

Creditors: amounts falling due within one year
 8 
(43,376)
(247,319)

Net current liabilities
  
 
 
(31,355)
 
 
(166,227)

Total assets less current liabilities
  
(2,122)
(119,508)

Provisions for liabilities
  

Deferred tax
 9 
(7,308)
(12,581)

  
 
 
(7,308)
 
 
(12,581)

Net liabilities
  
(9,430)
(132,089)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(10,430)
(133,089)

  
(9,430)
(132,089)


Page 1

 
FOOD FOR THOUGHT (KEW) LIMITED
REGISTERED NUMBER: 05258852
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 January 2025.




JJH Kim
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
FOOD FOR THOUGHT (KEW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Food For Thought (Kew) Limited is a company incorporated in the United Kingdom under the Companies Act. The company is a private company limited by shares and is registered in England and Wales. The company's registered number is 05258852. The address of the registered office is 1 The Green, Richmond, England, TW9 1PL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
FOOD FOR THOUGHT (KEW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
FOOD FOR THOUGHT (KEW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
assets are depeciated using the following basis:
25% reducing balance basis
over 9 years on straight line basis
over 5 years on straight line basis
Office equipment
-
assets are depreciated using the following basis:
33% straight line basis
20% straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
FOOD FOR THOUGHT (KEW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 15 (2023 - 17).

Page 6

 
FOOD FOR THOUGHT (KEW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
115,000



At 30 June 2024

115,000



Amortisation


At 1 July 2023
115,000



At 30 June 2024

115,000



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 7

 
FOOD FOR THOUGHT (KEW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 July 2023
150,000
204,229
354,229



At 30 June 2024

150,000
204,229
354,229



Depreciation


At 1 July 2023
150,000
157,510
307,510


Charge for the period on owned assets
-
17,486
17,486



At 30 June 2024

150,000
174,996
324,996



Net book value



At 30 June 2024
-
29,233
29,233



At 30 June 2023
-
46,719
46,719

Page 8

 
FOOD FOR THOUGHT (KEW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
7,601

Amounts owed by group undertakings
-
1,295

Other debtors
1,071
-

Prepayments and accrued income
4,993
3,842

6,064
12,738



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,957
15,464

5,957
15,464



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,052
83,192

Amounts owed to group undertakings
21,500
142,867

Other taxation and social security
14,874
18,500

Other creditors
-
959

Accruals and deferred income
1,950
1,801

43,376
247,319


Page 9

 
FOOD FOR THOUGHT (KEW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

9.


Deferred taxation




2024


£






At beginning of year
(12,581)


Charged to profit or loss
5,273



At end of year
(7,308)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(7,308)
(12,581)

(7,308)
(12,581)


10.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
60,000
52,000

Later than 1 year and not later than 5 years
175,000
205,863

235,000
257,863


11.


Controlling party

The directors consider the ultimate parent undertaking to be Bonacom Limited, a company which is incorporated in the UK, registered in England and Wales. The registered office and principal place of business is 10 Station Parade, Richmond, TW9 3PZ.

 
Page 10