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Company Registration No. 07324505 (England and Wales)
FAVOUR CATERING & EVENTS LTD Unaudited accounts for the year ended 31 October 2024
FAVOUR CATERING & EVENTS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
FAVOUR CATERING & EVENTS LTD Company Information for the year ended 31 October 2024
Director
N olusegun Ogunniyi
Company Number
07324505 (England and Wales)
Registered Office
11 Manor Way Borehamwood,Hertfordshire WD6 1QH uk
Accountants
Buraq Accounting Firm Ltd, MAAT NO:10433585 1st Floor, 100 Waterloo Road Cheethamhill Manchesterr uk M8 8AW
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FAVOUR CATERING & EVENTS LTD Statement of financial position as at 31 October 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
9,470
11,139
Current assets
Inventories
12,500
15,550
Debtors
5
-
167
Cash at bank and in hand
9,486
13,222
21,986
28,939
Creditors: amounts falling due within one year
6
(88,523)
(69,354)
Net current liabilities
(66,537)
(40,415)
Total assets less current liabilities
(57,067)
(29,276)
Creditors: amounts falling due after more than one year
7
(13,618)
(24,266)
Net liabilities
(70,685)
(53,542)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(70,686)
(53,543)
Shareholders' funds
(70,685)
(53,542)
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.
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 3 December 2025 and were signed on its behalf by
N olusegun Ogunniyi Director Company Registration No. 07324505
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FAVOUR CATERING & EVENTS LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
FAVOUR CATERING & EVENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 07324505. The registered office is 11, Manor Way, Borehamwood,Hertfordshire, WD6 1QH, uk.
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:
Plant & machinery
Reducing balance at 15%
Motor vehicles
Reducing balance at 15%
Fixtures & fittings
Reducing balance at 15%
Computer equipment
Reducing balance at 15%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
20,672
21,650
9,887
1,778
53,987
At 31 October 2024
20,672
21,650
9,887
1,778
53,987
Depreciation
At 1 November 2023
16,413
15,986
9,211
1,238
42,848
Charge for the year
638
849
101
81
1,669
At 31 October 2024
17,051
16,835
9,312
1,319
44,517
Net book value
At 31 October 2024
3,621
4,815
575
459
9,470
At 31 October 2023
4,259
5,664
676
540
11,139
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FAVOUR CATERING & EVENTS LTD Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
-
1,000
Amounts falling due after more than one year
Accrued income and prepayments
-
(833)
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
12,231
21,429
Trade creditors
6,802
7,469
Taxes and social security
9,528
2,488
Other creditors
13,069
14,500
Loans from directors
46,893
23,468
88,523
69,354
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
13,618
24,266
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
N olusegun Ogunniyi
DIRECTOR LOAN ACCOUNT
(23,468)
(23,425)
-
(46,893)
(23,468)
(23,425)
-
(46,893)
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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