Company Registration No. 13629953 (England and Wales)
Favourite Chicken Ltd
Unaudited accounts
for the year ended 30 September 2024
Favourite Chicken Ltd
Unaudited accounts
Contents
Favourite Chicken Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
56,052
59,686
Cash at bank and in hand
19,459
9,135
Creditors: amounts falling due within one year
(14,878)
(13,207)
Net current assets
38,323
23,034
Total assets less current liabilities
94,375
82,720
Creditors: amounts falling due after more than one year
(129,054)
(129,054)
Net liabilities
(34,679)
(46,334)
Called up share capital
10
10
Profit and loss account
(34,689)
(46,344)
Shareholders' funds
(34,679)
(46,334)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 January 2025 and were signed on its behalf by
Magendran Vallipuram
Director
Company Registration No. 13629953
Favourite Chicken Ltd
Notes to the Accounts
for the year ended 30 September 2024
Favourite Chicken Ltd is a private company, limited by shares, registered in England and Wales, registration number 13629953. The registered office is 87 Prince Avenue, Southend-On-Sea, England, SS2 6RL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Reducing method @ 10%
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 October 2023
23,348
44,862
68,210
At 30 September 2024
23,348
44,862
68,210
At 1 October 2023
-
8,524
8,524
Charge for the year
-
3,634
3,634
At 30 September 2024
-
12,158
12,158
At 30 September 2024
23,348
32,704
56,052
At 30 September 2023
23,348
36,338
59,686
Amounts falling due within one year
Accrued income and prepayments
11,250
11,250
Favourite Chicken Ltd
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,840
6,491
Taxes and social security
3,753
5,429
Other creditors
4,035
1,037
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
129,054
129,054
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).