Company Registration No. 9096078 (England and Wales)
ONE FEEDS TWO LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
ONE FEEDS TWO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ONE FEEDS TWO LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
23,819
92,116
Cash at bank and in hand
196,396
73,203
220,215
165,319
Creditors: amounts falling due within one year
4
(220,214)
(165,318)
Net current assets
1
1
Capital and reserves
-
-
Called up share capital
5
1
1
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 31 January 2025
Mr JP Campbell
Director
Company registration number 9096078 (England and Wales)
ONE FEEDS TWO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
2
1
Accounting policies
Company information
One Feeds Two Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, SO53 3DA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.
1.3
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
ONE FEEDS TWO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
3
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
14,150
8,113
Other debtors
9,669
84,003
23,819
92,116
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,463
Amounts owed to group undertakings
100,134
56,272
Taxation and social security
5,679
11,453
Other creditors
114,401
95,130
220,214
165,318
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary Share of £1 each
1
1
ONE FEEDS TWO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
4
6
Related party transactions
One Feeds Two Limited is a wholly owned subsidiary of the One Feeds Two Foundation (charity number: 1153474).
One Feeds Two Limited donates all its profits to the One Feeds Two Foundation for use towards its charitable objectives.
During the period One Feeds Two Limited made donations amounting to £197,392 (2023: £254,686) to the One Feeds Two Foundation, and also paid management charges of £39,810 (2023: £51,838).
At the balance sheet date, the company owed £100,134 (2023: £56,272) to the One Feeds Two Foundation.