Balance sheet continued

As at 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption 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.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  The turnover shown in the profit and loss account represents revenue/trading loss recognized by the company in respect of products supplied during the period, exclusive of Value Added Tax and trade discounts.

  Turnover policy

  Turnover represents the value, net of value-added tax and discounts of goods provided to customers and work carried out in respect of services provided to customers. Turnover shown in the profit and loss account represents revenue/trading loss from the retail of food products distributed from the high street restaurant and/or mobile trailer.

  Tangible fixed assets depreciation policy

  Revaluation applied in the following period. In order to reflect value of the assets over their estimated useful lives with following rates:
  
  Fixtures and fittings - 10% straight line on net book value.
  Office equipment - 25% on cost or revalued amounts on net book value.
  Motor vehicles - 25% on cost or revalued amounts on net book value.

  Intangible fixed assets amortisation policy

  Amortization on Intangible fixed assets hasn't occurred in this accounting period.