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REGISTERED NUMBER: 11907732 (England and Wales)























Unaudited Financial Statements

for the Year Ended 29 September 2024

for

Hungry Beanz Limited

Hungry Beanz Limited (Registered number: 11907732)

Contents of the Financial Statements
for the Year Ended 29 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hungry Beanz Limited

Company Information
for the Year Ended 29 September 2024







DIRECTORS: Mr C Bamford
Mr P R Modi
Mr J Parekh
Mr V Patel
Mr S Patel





REGISTERED OFFICE: 130 Duke Street
St. Helens
Merseyside
WA10 2JL





REGISTERED NUMBER: 11907732 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Hungry Beanz Limited (Registered number: 11907732)

Balance Sheet
29 September 2024

29.9.24 29.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 150,000 180,000
Tangible assets 5 316,136 401,092
466,136 581,092

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 6 50,303 57,124
Cash at bank and in hand 137,138 106,375
202,441 178,499
CREDITORS
Amounts falling due within one year 7 1,258,941 1,240,590
NET CURRENT LIABILITIES (1,056,500 ) (1,062,091 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(590,364

)

(480,999

)

CREDITORS
Amounts falling due after more than one
year

8

6,666

16,667
NET LIABILITIES (597,030 ) (497,666 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (597,031 ) (497,667 )
(597,030 ) (497,666 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hungry Beanz Limited (Registered number: 11907732)

Balance Sheet - continued
29 September 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 Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





Mr S Patel - Director


Hungry Beanz Limited (Registered number: 11907732)

Notes to the Financial Statements
for the Year Ended 29 September 2024


1. STATUTORY INFORMATION

Hungry Beanz Limited 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.

Going Concern

At the year end date the company had net liabilities. However the largest creditors related to balances owed to the directors and other related companies. The balances originated from the initial business acquisition. All relevant parties have agreed to support the company to ensure it meets its liabilities as they fall due. As such the accounts have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Hungry Beanz Limited (Registered number: 11907732)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 September 2023
and 29 September 2024 300,000
AMORTISATION
At 30 September 2023 120,000
Charge for year 30,000
At 29 September 2024 150,000
NET BOOK VALUE
At 29 September 2024 150,000
At 29 September 2023 180,000

Hungry Beanz Limited (Registered number: 11907732)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 30 September 2023 13,368 812,376 8,322 834,066
Additions - 7,585 - 7,585
At 29 September 2024 13,368 819,961 8,322 841,651
DEPRECIATION
At 30 September 2023 5,654 421,059 6,261 432,974
Charge for year 3,312 87,228 2,001 92,541
At 29 September 2024 8,966 508,287 8,262 525,515
NET BOOK VALUE
At 29 September 2024 4,402 311,674 60 316,136
At 29 September 2023 7,714 391,317 2,061 401,092

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 29.9.23
£    £   
Amounts owed by group undertakings 50,000 50,000
Other debtors 303 7,124
50,303 57,124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 29.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 24,483 29,639
Amounts owed to group undertakings 661,131 661,131
Taxation and social security 100,556 98,065
Other creditors 462,771 441,755
1,258,941 1,240,590

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.9.24 29.9.23
£    £   
Bank loans 6,666 16,667

Hungry Beanz Limited (Registered number: 11907732)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.9.24 29.9.23
£    £   
Within one year 130,000 130,000
Between one and five years - 130,000
130,000 260,000

10. SECURED DEBTS

The following secured debts are included within creditors:

29.9.24 29.9.23
£    £   
Bank loans 16,666 26,667

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Lloyds Banking Group PLC..

11. RELATED PARTY DISCLOSURES

The company owed £661,130 at the year end to entities under common control. An entity under common control owed £50,000 to the company at the year end. The directors loaned £439,955 to the company. All these balances are interest free and repayable on demand.