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Company Registration No. 11755033 (England and Wales)
Food Inn Limited unaudited financial statements for the year ended 31 January 2024
Food Inn Limited unaudited financial statements Contents
Page
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Food Inn Limited Company Information for the year ended 31 January 2024
Director
Israr Ali
Company Number
11755033 (England and Wales)
Registered Office
20 ROUNDHAY ROAD LEEDS LS7 1AB UNITED KINGDOM
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Food Inn Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Food Inn Limited for the year ended 31 January 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 31 January 2025
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Food Inn Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
190,351 
211,102 
Current assets
Inventories
12,353 
37,147 
Debtors
22,095 
10,799 
Cash at bank and in hand
11,484 
17,598 
45,932 
65,544 
Creditors: amounts falling due within one year
(8,111)
(62,780)
Net current assets
37,821 
2,764 
Total assets less current liabilities
228,172 
213,866 
Creditors: amounts falling due after more than one year
(45,005)
(46,005)
Net assets
183,167 
167,861 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
183,067 
167,761 
Shareholders' funds
183,167 
167,861 
For the year ending 31 January 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 his 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 31 January 2025 and were signed on its behalf by
Israr Ali Director Company Registration No. 11755033
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Food Inn Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Food Inn Limited is a private company, limited by shares, registered in England and Wales, registration number 11755033. The registered office is 20 ROUNDHAY ROAD, LEEDS, LS7 1AB, 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.
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.
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:
Trading activity
Restaurant and takeaway
Going concern
Going concern basis The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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Food Inn Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
22,439 
272,940 
295,379 
Additions
26,836 
- 
26,836 
At 31 January 2024
49,275 
272,940 
322,215 
Depreciation
At 1 February 2023
7,898 
76,379 
84,277 
Charge for the year
8,275 
39,312 
47,587 
At 31 January 2024
16,173 
115,691 
131,864 
Net book value
At 31 January 2024
33,102 
157,249 
190,351 
At 31 January 2023
14,541 
196,561 
211,102 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
22,095 
4,909 
Trade debtors
- 
5,890 
22,095 
10,799 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,469 
14,110 
Taxes and social security
5,642 
6,221 
Loans from directors
- 
40,000 
Accruals
- 
2,449 
8,111 
62,780 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
45,005 
46,005 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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