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Company Registration No. 09907806 (England and Wales)
INNOVATIVE FOOD CONCEPTS LTD Financial Statements for the year ended 31 December 2024
INNOVATIVE FOOD CONCEPTS LTD Financial Statements Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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INNOVATIVE FOOD CONCEPTS LTD Company Information for the year ended 31 December 2024
Director
Mr, Ram Krishan Yadav
Company Number
09907806 (England and Wales)
Registered Office
VIVO LATINO COW BRIDGE EAST 147 CARDIFF, WALES WALES CF11 9AH WALES
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INNOVATIVE FOOD CONCEPTS LTD Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
100
200
Current assets
Inventories
2,175
2,175
Cash at bank and in hand
7,362
26,937
9,537
29,112
Creditors: amounts falling due within one year
5
(3,016)
(4,364)
Net current assets
6,521
24,748
Total assets less current liabilities
6,621
24,948
Creditors: amounts falling due after more than one year
6
(62,139)
(67,694)
Net liabilities
(55,518)
(42,746)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(55,520)
(42,748)
Shareholders' funds
(55,518)
(42,746)
For the year ending 31 December 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 2 September 2025 and were signed on its behalf by
Mr, Ram Krishan Yadav Director Company Registration No. 09907806
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INNOVATIVE FOOD CONCEPTS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
INNOVATIVE FOOD CONCEPTS LTD is a private company, limited by shares, registered in England and Wales, registration number 09907806. The registered office is VIVO LATINO COW BRIDGE EAST, 147, CARDIFF, WALES, WALES, CF11 9AH, WALES.
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.
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
20%
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 January 2024
56,835
Disposals
56,335
At 31 December 2024
113,170
Depreciation
At 1 January 2024
56,635
Charge for the year
100
On disposals
56,335
At 31 December 2024
113,070
Net book value
At 31 December 2024
100
At 31 December 2023
200
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
3,016
4,364
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INNOVATIVE FOOD CONCEPTS LTD Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
31,019
36,574
Other creditors
31,120
31,120
62,139
67,694
7
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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