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Company Registration No. 06812486 (England and Wales)
Intelligent Foods Limited Unaudited accounts for the year ended 28 February 2025
Intelligent Foods Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Intelligent Foods Limited Company Information for the year ended 28 February 2025
Directors
Dharmendar Khag Tahira Khag Naranjan Khag
Company Number
06812486 (England and Wales)
Registered Office
Monkswell House Manse Lane Knaresborough North Yorkshire HG5 8NQ England
Accountants
Craven Professional Solutions 126 Monkswell House Manse Lane Knaresborough North Yorkshire HG5 8NQ
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Intelligent Foods Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
10,000
10,000
Tangible assets
5
111,344
131,480
121,344
141,480
Current assets
Inventories
1,490
1,425
Debtors
6
68,670
64,967
Cash at bank and in hand
24,146
9,690
94,306
76,082
Creditors: amounts falling due within one year
7
(64,529)
(33,722)
Net current assets
29,777
42,360
Total assets less current liabilities
151,121
183,840
Creditors: amounts falling due after more than one year
8
(71,669)
(82,273)
Net assets
79,452
101,567
Capital and reserves
Called up share capital
9
1,000
1,000
Profit and loss account
78,452
100,567
Shareholders' funds
79,452
101,567
For the year ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by
Dharmendar Khag Director Company Registration No. 06812486
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Intelligent Foods Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Intelligent Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 06812486. The registered office is Monkswell House, Manse Lane, Knaresborough, North Yorkshire, HG5 8NQ, England.
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 represents the value, net of VAT, of food and drink provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% p.a. on cost
Motor vehicles
20% p.a. on a reducing balance basis from month of purchase
Fixtures & fittings
20% p.a. on a reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Intelligent Foods Limited Notes to the Accounts for the year ended 28 February 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2024
10,000
At 28 February 2025
10,000
Amortisation
At 1 March 2024
-
At 28 February 2025
-
Net book value
At 28 February 2025
10,000
At 29 February 2024
10,000
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
35,000
107,343
54,596
196,939
At 28 February 2025
35,000
107,343
54,596
196,939
Depreciation
At 1 March 2024
700
22,899
41,860
65,459
Charge for the year
700
16,888
2,548
20,136
At 28 February 2025
1,400
39,787
44,408
85,595
Net book value
At 28 February 2025
33,600
67,556
10,188
111,344
At 29 February 2024
34,300
84,444
12,736
131,480
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
836
Other debtors
7,399
1,042
7,399
1,878
Amounts falling due after more than one year
Other debtors
61,271
63,089
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Intelligent Foods Limited Notes to the Accounts for the year ended 28 February 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,777
5,777
VAT
5,334
-
Obligations under finance leases and hire purchase contracts
5,062
5,062
Trade creditors
-
3,388
Taxes and social security
17,043
10,640
Other creditors
29,313
6,855
Accruals
2,000
2,000
64,529
33,722
In support of loans as stated in the financial statements on 20 June 2019 a debenture was granted in favour of Barclays Security Trustee limited giving a fixed and floating charge over all assets of the Company.
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
22,871
28,413
Obligations under finance leases and hire purchase contracts
48,798
53,860
71,669
82,273
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Average number of employees
During the year the average number of employees was 9 (2024: 9).
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