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Registration number: 15038450

The Future Food Co Ltd

Unaudited Filleted Financial Statements

for the Period from 31 July 2023 to 31 July 2024

 

The Future Food Co Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 3

 

The Future Food Co Ltd

(Registration number: 15038450)
Statement of Financial Position as at 31 July 2024

Note

2024
£

Current assets

 

Cash at bank and in hand

 

43,268

Creditors: Amounts falling due within one year

4

(1,332)

Net assets

 

41,936

Capital and reserves

 

Called up share capital

2

Share premium reserve

88,184

Profit and loss account

(46,250)

Shareholders' funds

 

41,936

For the financial period ending 31 July 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 


A C Nicholls
Director


D W Lui
Director

 

The Future Food Co Ltd

Notes to the Unaudited Financial Statements for the Period from 31 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
20 Wenlock Road
London
N17GU

Principal activity

The principal activity of the company is manufacturing of food, specifically pot noodles.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

 

The Future Food Co Ltd

Notes to the Unaudited Financial Statements for the Period from 31 July 2023 to 31 July 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

1,020

Other creditors

312

1,332

5

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Share premium:

This reserves records the amount that shareholders have paid for shares above the par value.