IRIS Accounts Production v25.1.4.42 09285675 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092856752023-10-31092856752024-10-31092856752023-11-012024-10-31092856752022-10-31092856752022-11-012023-10-31092856752023-10-3109285675ns15:EnglandWales2023-11-012024-10-3109285675ns14:PoundSterling2023-11-012024-10-3109285675ns10:Director12023-11-012024-10-3109285675ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3109285675ns10:SmallEntities2023-11-012024-10-3109285675ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3109285675ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3109285675ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3109285675ns10:FullAccounts2023-11-012024-10-310928567512023-11-012024-10-3109285675ns10:Director22023-11-012024-10-3109285675ns10:RegisteredOffice2023-11-012024-10-3109285675ns5:CurrentFinancialInstruments2024-10-3109285675ns5:CurrentFinancialInstruments2023-10-3109285675ns5:ShareCapital2024-10-3109285675ns5:ShareCapital2023-10-3109285675ns5:RetainedEarningsAccumulatedLosses2024-10-3109285675ns5:RetainedEarningsAccumulatedLosses2023-10-3109285675ns5:NetGoodwill2023-11-012024-10-3109285675ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3109285675ns5:NetGoodwill2023-10-3109285675ns5:NetGoodwill2024-10-3109285675ns5:NetGoodwill2023-10-3109285675ns5:PlantMachinery2023-10-3109285675ns5:MotorVehicles2023-10-3109285675ns5:PlantMachinery2023-11-012024-10-3109285675ns5:MotorVehicles2023-11-012024-10-3109285675ns5:PlantMachinery2024-10-3109285675ns5:MotorVehicles2024-10-3109285675ns5:PlantMachinery2023-10-3109285675ns5:MotorVehicles2023-10-3109285675ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3109285675ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 09285675 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 October 2024

for

Felce Foods Limited

Felce Foods Limited (Registered number: 09285675)






Contents of the Financial Statements
For The Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Felce Foods Limited

Company Information
For The Year Ended 31 October 2024







DIRECTORS: Mrs B L Dance
N G Dance





REGISTERED OFFICE: Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN





REGISTERED NUMBER: 09285675 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

Felce Foods Limited (Registered number: 09285675)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 667 4,667
Tangible assets 5 3,036 4,052
3,703 8,719

CURRENT ASSETS
Stocks 2,150 3,100
Debtors 6 2,213 1,261
Cash at bank and in hand 9,196 4,035
13,559 8,396
CREDITORS
Amounts falling due within one year 7 13,550 15,564
NET CURRENT ASSETS/(LIABILITIES) 9 (7,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,712

1,551

PROVISIONS FOR LIABILITIES 275 401
NET ASSETS 3,437 1,150

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,337 1,050
SHAREHOLDERS' FUNDS 3,437 1,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Felce Foods Limited (Registered number: 09285675)

Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





N G Dance - Director


Felce Foods Limited (Registered number: 09285675)

Notes to the Financial Statements
For The Year Ended 31 October 2024

1. STATUTORY INFORMATION

Felce Foods Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales invoices and market cash sales of fresh and smoked fish and is recognised on a receivable basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery 25% reducing balance
Motor Vehicles 25% reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to present location and condition.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.


Felce Foods Limited (Registered number: 09285675)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Hire purchase and leasing commitments
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economics from

Felce Foods Limited (Registered number: 09285675)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans are recognised at transaction price.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised at transaction price .


Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

Felce Foods Limited (Registered number: 09285675)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 40,000
AMORTISATION
At 1 November 2023 35,333
Charge for year 4,000
At 31 October 2024 39,333
NET BOOK VALUE
At 31 October 2024 667
At 31 October 2023 4,667

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 12,586 6,450 19,036
DEPRECIATION
At 1 November 2023 11,255 3,729 14,984
Charge for year 336 680 1,016
At 31 October 2024 11,591 4,409 16,000
NET BOOK VALUE
At 31 October 2024 995 2,041 3,036
At 31 October 2023 1,331 2,721 4,052

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 1,549 560
Other debtors 664 701
2,213 1,261

Felce Foods Limited (Registered number: 09285675)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 1,435 3,241
Taxation and social security 6,820 6,398
Other creditors 5,295 5,925
13,550 15,564