(formerly
Registered Number
(England and Wales)
Unaudited Financial Statements for the Period ended
31 March 2024
Directors | |
Registered Address | |
Registered Number |
Notes | 31 Mar 2024 | 28 Feb 2023 | ||||||
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£ | £ | £ | £ | |||||
ASSETS | ||||||||
Fixed assets | ||||||||
Intangible assets | 3 | |||||||
Current assets | ||||||||
Stocks | ||||||||
Debtors | ||||||||
Cash at bank and in hand | ||||||||
CAPITAL, RESERVES AND LIABILITIES | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Share premium account | ||||||||
Profit and loss account | ( | |||||||
Liabilities | ||||||||
Creditors amounts falling due within one year | ||||||||
Creditors amounts falling due after one year | 5 | |||||||
The financial statements were approved and authorised for issue by the Board of Directors on 10 February 2025, and are signed on its behalf by: |
Director Registered Company No. 12468138 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Turnover policy | |
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Revenue from sale of goods | |
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Revenue from rendering of services | |
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Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. |
Foreign currency translation | |
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Current taxation | |
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Deferred tax | |
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Intangible assets | |
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Goodwill | |
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Stocks and work in progress | |
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Trade and other debtors | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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Share capital | |
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Related parties | |
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2. | Average number of employees |
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2024 | 2023 | |||
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Average number of employees during the year |
3. | Intangible assets |
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Total | ||
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£ | ||
Cost or valuation | ||
Additions | ||
At 31 March 24 | ||
Amortisation and impairment | ||
Charge for year | ||
At 31 March 24 | ||
Net book value | ||
At 31 March 24 | ||
At 28 February 23 |
4. | Useful life of intangible assets |
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Intangible assets are initially recognised at cost and subsequently carried at cost less accumulated amortisation and impairment losses. Brand – The acquired brand "Alfresco Chef" is recognised at cost and assessed for impairment annually, as it is deemed to have an indefinite useful life. Goodwill – Amortised on a straight-line basis over 5 years. Websites (recorded to Goodwill) – Amortised over 3 years based on the expected period of benefit. Social Media Accounts (recorded to Goodwill) – Amortised over 2 years due to the fast-changing nature of digital platforms. Trademarks – Amortised over 10 years, aligned with their definite useful life estimated from the original acquisition date by the previous owner. Amortisation is recorded in the statement of profit or loss. Intangible assets are reviewed annually for impairment or when indicators suggest a decline in value. |
5. | Creditors: amounts due after one year |
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2024 | 2023 | |||
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£ | £ | |||
Bank borrowings and overdrafts | ||||
Total |
6. | Related party transactions |
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