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Company Registration No. 05959460 (England and Wales)
Hayath Food Limited Unaudited accounts for the year ended 31 October 2024
Hayath Food Limited Statement of financial position as at 31 October 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
10,000
15,000
Tangible assets
5
2,728
-
12,728
15,000
Current assets
Inventories
1,600
2,553
Cash at bank and in hand
23,119
22,243
24,719
24,796
Creditors: amounts falling due within one year
(134,762)
(112,682)
Net current liabilities
(110,043)
(87,886)
Net liabilities
(97,315)
(72,886)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(97,415)
(72,986)
Shareholders' funds
(97,315)
(72,886)
For the year ending 31 October 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 May 2025 and were signed on its behalf by
Mr Sadat Syed Hayath Director Company Registration No. 05959460
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Hayath Food Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Hayath Food Limited is a private company, limited by shares, registered in England and Wales, registration number 05959460. The registered office is 38 Catterick Way, Borehamwood, Hertfordshire, WD6 4QT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% on cost.
Fixtures & fittings
25% on cost.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over 20 years. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
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Hayath Food Limited Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Total
£
Cost
At 1 November 2023
100,000
At 31 October 2024
100,000
Amortisation
At 1 November 2023
85,000
Charge for the year
5,000
At 31 October 2024
90,000
Net book value
At 31 October 2024
10,000
At 31 October 2023
15,000
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 November 2023
32,905
Additions
3,637
At 31 October 2024
36,542
Depreciation
At 1 November 2023
32,905
Charge for the year
909
At 31 October 2024
33,814
Net book value
At 31 October 2024
2,728
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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