7 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12428367 2024-01-01 2024-12-31 12428367 2024-12-31 12428367 2023-12-31 12428367 2023-01-01 2023-12-31 12428367 2023-12-31 12428367 2022-12-31 12428367 core:FurnitureFittings 2024-01-01 2024-12-31 12428367 bus:Director2 2024-01-01 2024-12-31 12428367 bus:Director1 2024-01-01 2024-12-31 12428367 core:FurnitureFittings 2023-12-31 12428367 core:FurnitureFittings 2024-12-31 12428367 core:WithinOneYear 2024-12-31 12428367 core:WithinOneYear 2023-12-31 12428367 core:AfterOneYear 2024-12-31 12428367 core:ShareCapital 2024-12-31 12428367 core:ShareCapital 2023-12-31 12428367 core:SharePremium 2024-12-31 12428367 core:SharePremium 2023-12-31 12428367 core:RetainedEarningsAccumulatedLosses 2024-12-31 12428367 core:RetainedEarningsAccumulatedLosses 2023-12-31 12428367 core:FurnitureFittings 2023-12-31 12428367 bus:Director1 2023-12-31 12428367 bus:Director2 2023-12-31 12428367 bus:Director2 2024-12-31 12428367 bus:Director1 2022-12-31 12428367 bus:Director1 2023-12-31 12428367 bus:Director2 2022-12-31 12428367 bus:Director2 2023-12-31 12428367 bus:Director1 2023-01-01 2023-12-31 12428367 bus:Director2 2023-01-01 2023-12-31 12428367 bus:SmallEntities 2024-01-01 2024-12-31 12428367 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12428367 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12428367 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12428367 bus:FullAccounts 2024-01-01 2024-12-31 12428367 core:ComputerEquipment 2024-01-01 2024-12-31 12428367 core:ComputerEquipment 2023-12-31 12428367 core:ComputerEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 12428367
Recipe Design Limited
Filleted Unaudited Financial Statements
31 December 2024
Recipe Design Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
FIXED ASSETS
Tangible assets
5
10,431
12,745
CURRENT ASSETS
Debtors
6
238,420
142,097
Cash at bank and in hand
67,050
62,569
---------
---------
305,470
204,666
CREDITORS: amounts falling due within one year
7
( 275,096)
( 113,727)
---------
---------
NET CURRENT ASSETS
30,374
90,939
--------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
40,805
103,684
CREDITORS: amounts falling due after more than one year
8
( 40,000)
--------
---------
NET ASSETS
805
103,684
--------
---------
CAPITAL AND RESERVES
Called up share capital
1,316
1,316
Share premium account
476,637
476,637
Profit and loss account
( 477,148)
( 374,269)
---------
---------
SHAREHOLDERS FUNDS
805
103,684
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Recipe Design Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
SM Browning
Director
Company registration number: 12428367
Recipe Design Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Second Floor Grove House, 6 Meridians Cross, Ocean Way, Southampton, SO14 3TJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 7 (2023: 11 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 January 2024
904
30,416
31,320
Additions
2,006
2,006
Disposals
( 2,552)
( 2,552)
----
--------
--------
At 31 December 2024
904
29,870
30,774
----
--------
--------
Depreciation
At 1 January 2024
586
17,989
18,575
Charge for the year
79
3,373
3,452
Disposals
( 1,684)
( 1,684)
----
--------
--------
At 31 December 2024
665
19,678
20,343
----
--------
--------
Carrying amount
At 31 December 2024
239
10,192
10,431
----
--------
--------
At 31 December 2023
318
12,427
12,745
----
--------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
182,266
79,031
Other debtors
56,154
63,066
---------
---------
238,420
142,097
---------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
54,224
50,818
Social security and other taxes
33,385
58,752
Other creditors
187,487
4,157
---------
---------
275,096
113,727
---------
---------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
40,000
--------
----
9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
MR Hawley
1,383
( 1,383)
SM Browning
3,676
( 72)
3,604
-------
----
-------
-------
5,059
( 1,455)
3,604
-------
----
-------
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
MR Hawley
1,606
( 223)
1,383
SM Browning
4,614
36
( 974)
3,676
-------
----
-------
-------
6,220
36
( 1,197)
5,059
-------
----
-------
-------