Food Factory Project Limited 10074489 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Catering Digita Accounts Production Advanced 6.30.9574.0 true 10074489 2023-09-01 2024-08-31 10074489 2024-08-31 10074489 bus:Director1 1 2024-08-31 10074489 bus:OrdinaryShareClass1 2024-08-31 10074489 bus:OrdinaryShareClass2 2024-08-31 10074489 bus:OrdinaryShareClass3 2024-08-31 10074489 core:CurrentFinancialInstruments 2024-08-31 10074489 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10074489 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 10074489 core:FurnitureFittingsToolsEquipment 2024-08-31 10074489 core:MotorVehicles 2024-08-31 10074489 core:OtherRelatedParties 2024-08-31 10074489 bus:SmallEntities 2023-09-01 2024-08-31 10074489 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10074489 bus:AbridgedAccounts 2023-09-01 2024-08-31 10074489 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10074489 bus:RegisteredOffice 2023-09-01 2024-08-31 10074489 bus:Director1 2023-09-01 2024-08-31 10074489 bus:Director1 1 2023-09-01 2024-08-31 10074489 bus:HighestPaidDirector 2023-09-01 2024-08-31 10074489 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10074489 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 10074489 bus:OrdinaryShareClass3 2023-09-01 2024-08-31 10074489 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10074489 bus:Agent1 2023-09-01 2024-08-31 10074489 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 10074489 core:MotorCars 2023-09-01 2024-08-31 10074489 core:MotorVehicles 2023-09-01 2024-08-31 10074489 core:OtherRelatedParties 2023-09-01 2024-08-31 10074489 countries:England 2023-09-01 2024-08-31 10074489 2023-08-31 10074489 bus:Director1 1 2023-08-31 10074489 core:FurnitureFittingsToolsEquipment 2023-08-31 10074489 core:MotorVehicles 2023-08-31 10074489 core:OtherRelatedParties 2023-08-31 10074489 2022-09-01 2023-08-31 10074489 2023-08-31 10074489 bus:Director1 1 2023-08-31 10074489 bus:OrdinaryShareClass1 2023-08-31 10074489 bus:OrdinaryShareClass2 2023-08-31 10074489 bus:OrdinaryShareClass3 2023-08-31 10074489 core:CurrentFinancialInstruments 2023-08-31 10074489 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10074489 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 10074489 core:FurnitureFittingsToolsEquipment 2023-08-31 10074489 core:MotorVehicles 2023-08-31 10074489 core:OtherRelatedParties 2023-08-31 10074489 bus:Director1 1 2022-09-01 2023-08-31 10074489 bus:HighestPaidDirector 2022-09-01 2023-08-31 10074489 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 10074489 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 10074489 bus:OrdinaryShareClass3 2022-09-01 2023-08-31 10074489 core:OtherRelatedParties 2022-09-01 2023-08-31 10074489 2022-08-31 10074489 bus:Director1 1 2022-08-31 10074489 core:OtherRelatedParties 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10074489

Food Factory Project Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 August 2024

 

Food Factory Project Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Balance Sheet

4 to 5

Notes to the Unaudited Abridged Financial Statements

6 to 12

 

Food Factory Project Limited

Company Information

Director

Mr Vasileios Kalamoukis

Registered office

C/o Livingstones Accountants Limited
Polaris
Queensmead Road
Loudwater
Buckinghamshire
HP10 9XA

Accountants

Livingstones Accountants Limited Polaris
Queensmead Road
Loudwater
Buckinghamshire
HP10 9XA

 

Food Factory Project Limited

Director's Report for the Year Ended 31 August 2024

The director presents his report and the abridged financial statements for the year ended 31 August 2024.

Director of the company

The director who held office during the year was as follows:

Mr Vasileios Kalamoukis

Principal activity

The principal activity of the company is Catering

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 May 2025
 

.........................................
Mr Vasileios Kalamoukis
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Food Factory Project Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Food Factory Project Limited for the year ended 31 August 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Food Factory Project Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Food Factory Project Limited and state those matters that we have agreed to state to the Board of Directors of Food Factory Project Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Food Factory Project Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Food Factory Project Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Food Factory Project Limited. You consider that Food Factory Project Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Food Factory Project Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Livingstones Accountants Limited
Polaris
Queensmead Road
Loudwater
Buckinghamshire
HP10 9XA

31 May 2025

 

Food Factory Project Limited

(Registration number: 10074489)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

15,111

20,749

Current assets

 

Debtors

77,318

53,798

Cash at bank and in hand

 

894,053

519,843

 

971,371

573,641

Prepayments and accrued income

 

5,323

-

Creditors: Amounts falling due within one year

(771,291)

(402,055)

Net current assets

 

205,403

171,586

Total assets less current liabilities

 

220,514

192,335

Creditors: Amounts falling due after more than one year

(25,725)

(33,307)

Accruals and deferred income

 

(10,160)

(13,350)

Net assets

 

184,629

145,678

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

184,529

145,578

Shareholders' funds

 

184,629

145,678

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 31 May 2025
 

 

Food Factory Project Limited

(Registration number: 10074489)
Abridged Balance Sheet as at 31 August 2024

.........................................
Mr Vasileios Kalamoukis
Director

 

Food Factory Project Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is:
C/o Livingstones Accountants Limited
Polaris
Queensmead Road
Loudwater
Buckinghamshire
HP10 9XA
England

The principal place of business is:
St. Mark's Church
North Audley Street
London
W1K 6ZD

These financial statements were authorised for issue by the director on 31 May 2025.

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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Food Factory Project Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% Reducing Balance Method

Equipment, fixtures and fittings

Depreciated over the useful life of the asset

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Food Factory Project Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2023 - 9).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

7,916

7,334

 

Food Factory Project Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

32,365

-

32,365

Additions

2,733

-

2,733

At 31 August 2024

35,098

-

35,098

Depreciation

At 1 September 2023

12,070

-

12,070

Charge for the year

7,917

-

7,917

At 31 August 2024

19,987

-

19,987

Carrying amount

At 31 August 2024

15,111

-

15,111

At 31 August 2023

20,295

454

20,749

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

-

-

-

-

Ordinary Class B of £1 each

50

50

50

50

Ordinary Class A of £1 each

50

50

50

50

100

100

100

100

7

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £Nil per each Ordinary

-

-

 

 

Interim dividends paid

 

Food Factory Project Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

2024
£

2023
£

Interim dividend of £Nil (2023 - £823.3295) per each Ordinary

-

82,333

Interim dividend of £1,049.91 (2023 - £1,057.23) per each Ordinary Class A

104,991

52,861

Interim dividend of £1,049.91 (2023 - £1,057.23) per each Ordinary Class B

104,991

52,861

209,983

188,056

8

Related party transactions

 

Food Factory Project Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Transactions with the director

2024

At 1 September 2023
£

At 31 August 2024
£

Mr Vasileios Kalamoukis

Not payable in fixed instalments and non interest bearing

145

145

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

Mr Vasileios Kalamoukis

Not payable in fixed instalments and non interest bearing

1,285

4,985

(6,126)

145

 

Food Factory Project Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

40,890

-

In respect of the highest paid director:

2024
£

2023
£

Remuneration

-

24,000

Summary of transactions with other related parties

Miss Meliti Bampili Thymara - Shareholder.
Non interest bearing and not repayable in fixed instalments

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

2,403

2,403

Advanced

1,335

1,335

At end of period

3,738

3,738

2023

Other related parties
£

Total
£

At start of period

(839)

(839)

Advanced

3,667

3,667

Repaid

(425)

(425)

At end of period

2,403

2,403