IRIS Accounts Production v24.3.2.46 05144145 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051441452023-06-30051441452024-06-30051441452023-07-012024-06-30051441452022-06-30051441452022-07-012023-06-30051441452023-06-3005144145ns15:EnglandWales2023-07-012024-06-3005144145ns14:PoundSterling2023-07-012024-06-3005144145ns10:Director12023-07-012024-06-3005144145ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005144145ns10:SmallEntities2023-07-012024-06-3005144145ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005144145ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005144145ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005144145ns10:FullAccounts2023-07-012024-06-3005144145ns10:OrdinaryShareClass12023-07-012024-06-3005144145ns10:CompanySecretary12023-07-012024-06-3005144145ns10:RegisteredOffice2023-07-012024-06-3005144145ns5:CurrentFinancialInstruments2024-06-3005144145ns5:CurrentFinancialInstruments2023-06-3005144145ns5:Non-currentFinancialInstruments2024-06-3005144145ns5:Non-currentFinancialInstruments2023-06-3005144145ns5:ShareCapital2024-06-3005144145ns5:ShareCapital2023-06-3005144145ns5:RetainedEarningsAccumulatedLosses2024-06-3005144145ns5:RetainedEarningsAccumulatedLosses2023-06-3005144145ns5:PlantMachinery2023-07-012024-06-3005144145ns5:FurnitureFittings2023-07-012024-06-3005144145ns5:ComputerEquipment2023-07-012024-06-3005144145ns5:PlantMachinery2023-06-3005144145ns5:FurnitureFittings2023-06-3005144145ns5:ComputerEquipment2023-06-3005144145ns5:PlantMachinery2024-06-3005144145ns5:FurnitureFittings2024-06-3005144145ns5:ComputerEquipment2024-06-3005144145ns5:PlantMachinery2023-06-3005144145ns5:FurnitureFittings2023-06-3005144145ns5:ComputerEquipment2023-06-3005144145ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005144145ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3005144145ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3005144145ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3005144145ns5:AcceleratedTaxDepreciationDeferredTax2024-06-3005144145ns5:AcceleratedTaxDepreciationDeferredTax2023-06-3005144145ns5:DeferredTaxation2023-06-3005144145ns5:DeferredTaxation2024-06-3005144145ns10:OrdinaryShareClass12024-06-3005144145ns5:RetainedEarningsAccumulatedLosses2023-06-3005144145ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 05144145 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Traditional Irish Food Company Ltd

Traditional Irish Food Company Ltd (Registered number: 05144145)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Traditional Irish Food Company Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr K Jadeja





SECRETARY: Mrs D Jadeja





REGISTERED OFFICE: 164 Mollison Way
Edgware
Middlesex
HA8 5QZ





REGISTERED NUMBER: 05144145 (England and Wales)





ACCOUNTANTS: L P Patel & Co Limited
Accountants & Tax Advisers
164 Mollison Way
Edgware
Middlesex
HA8 5QZ

Traditional Irish Food Company Ltd (Registered number: 05144145)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 666 666

CURRENT ASSETS
Debtors 5 11,849 11,849
Cash at bank 54 176
11,903 12,025
CREDITORS
Amounts falling due within one year 6 14,830 14,279
NET CURRENT LIABILITIES (2,927 ) (2,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,261

)

(1,588

)

CREDITORS
Amounts falling due after more than one
year

7

(45,758

)

(44,983

)

PROVISIONS FOR LIABILITIES 8 (64 ) (64 )
NET LIABILITIES (48,083 ) (46,635 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (48,084 ) (46,636 )
SHAREHOLDERS' FUNDS (48,083 ) (46,635 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Traditional Irish Food Company Ltd (Registered number: 05144145)

Balance Sheet - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2025 and were signed by:





Mr K Jadeja - Director


Traditional Irish Food Company Ltd (Registered number: 05144145)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Traditional Irish Food Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Traditional Irish Food Company Ltd (Registered number: 05144145)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 2,895 3,952 2,581 9,428
DEPRECIATION
At 1 July 2023
and 30 June 2024 2,736 3,734 2,292 8,762
NET BOOK VALUE
At 30 June 2024 159 218 289 666
At 30 June 2023 159 218 289 666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,849 11,849

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,830 4,279
14,830 14,279

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 15,000 25,000
Other creditors 30,758 19,983
45,758 44,983

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 30,758 19,983

Traditional Irish Food Company Ltd (Registered number: 05144145)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax
Accelerated capital allowances 64 64

Deferred
tax
£   
Balance at 1 July 2023 64
Accelerated capital allowances
Balance at 30 June 2024 64

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary 1.00 1 1

10. RESERVES
Retained
earnings
£   

At 1 July 2023 (46,636 )
Deficit for the year (1,448 )
At 30 June 2024 (48,084 )