Registered number
10189183
FLAVOURS FOOD AND CATERING LIMITED
Filleted Accounts
for the year ended 31 May 2024
FLAVOURS FOOD AND CATERING LIMITED
Registered number: 10189183
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 24,559 22,698
Current assets
Stocks 9,643 7,856
Debtors 4 12,500 26,565
Cash at bank and in hand 9,689 19,332
31,832 53,753
Creditors: amounts falling due within one year 5 (15,828) (15,401)
Net current assets 16,004 38,352
Total assets less current liabilities 40,563 61,050
Creditors: amounts falling due after more than one year 6 (36,384) (38,891)
Net assets 4,179 22,159
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,178 22,158
Shareholders' funds 4,179 22,159
The director is 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 director acknowledges his 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.
Mr Vinod Trivedi
Director
Approved by the board on 19 February 2025
FLAVOURS FOOD AND CATERING LIMITED
Notes to the Accounts
for the year ended 31 May 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 restaurant services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred.Turnover from the rendering of services is recognised by reference to the stage of completion.
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:
Leasehold land and buildings Nil
Plant and machinery 20% reducing balances
Fixtures, fittings, tools and equipment 20% reducing balances
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 38,282 6,700 44,982
Additions - 8,000 8,000
At 31 May 2024 38,282 14,700 52,982
Depreciation
At 1 June 2023 19,014 3,270 22,284
Charge for the year 3,853 2,286 6,139
At 31 May 2024 22,867 5,556 28,423
Net book value
At 31 May 2024 15,415 9,144 24,559
At 31 May 2023 19,268 3,430 22,698
4 Debtors 2024 2023
£ £
Rent deposit 12,500 12,500
Other debtors - 14,065
12,500 26,565
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,352 8,027
Taxation and social security costs 6,036 3,349
Nest Pension 464 244
Other creditors 5,976 3,781
15,828 15,401
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 36,384 38,891
7 Other information
FLAVOURS FOOD AND CATERING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
193 Worple Road
Raynes Park
London
SW20 8RE
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