Registered number
11543231
FOOD HALL WOOD STREET LTD
Filleted Accounts
31 August 2024
FOOD HALL WOOD STREET LTD
Registered number: 11543231
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 32,422 39,540
Current assets
Stocks 59,810 66,050
Debtors 4 1,269 1,639
Cash at bank and in hand 11,757 3,972
72,836 71,661
Creditors: amounts falling due within one year 5 (90,936) (76,083)
Net current liabilities (18,100) (4,422)
Total assets less current liabilities 14,322 35,118
Creditors: amounts falling due after more than one year 6 (10,695) (32,355)
Net assets 3,627 2,763
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,527 2,663
Shareholders' funds 3,627 2,763
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alican KESER
Director
Approved by the board on 23 April 2025
FOOD HALL WOOD STREET LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and valu.e added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Motor van 18% pa (reducing balance )
Fixtures, fittings and equipment 18% pa (reducing balance )
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 12
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 43,105 27,570 70,675
At 31 August 2024 43,105 27,570 70,675
Depreciation
At 1 September 2023 15,469 15,666 31,135
Charge for the year 4,975 2,143 7,118
At 31 August 2024 20,444 17,809 38,253
Net book value
At 31 August 2024 22,661 9,761 32,422
At 31 August 2023 27,636 11,904 39,540
4 Debtors 2024 2023
£ £
Prepayments & other debtors 1,269 1,639
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 10,648 10,648
Obligations under finance lease and hire purchase contracts 5,203 5,203
Trade creditors 28,257 6,182
Taxation and social security costs 46,560 54,050
Other creditors 268 -
90,936 76,083
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,746 18,394
Obligations under finance lease and hire purchase contracts 2,949 13,961
10,695 32,355
7 Other information
FOOD HALL WOOD STREET LTD is a private company limited by shares and incorporated in England. Its registered office is:
90-92 Wood Street
London
E17 3HX
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