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Registered number: 08572260
Falafale Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Williams Stanley & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08572260
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 46,569 3,179
Tangible Assets 5 654,247 624,105
Investments 6 65,001 65,001
765,817 692,285
CURRENT ASSETS
Stocks 7 79,798 61,505
Debtors 8 224,205 207,613
Cash at bank and in hand 371,825 269,196
675,828 538,314
Creditors: Amounts Falling Due Within One Year 9 (1,255,654 ) (908,168 )
NET CURRENT ASSETS (LIABILITIES) (579,826 ) (369,854 )
TOTAL ASSETS LESS CURRENT LIABILITIES 185,991 322,431
Creditors: Amounts Falling Due After More Than One Year 10 (319,709 ) (107,996 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (118,501 ) (118,501 )
NET (LIABILITIES)/ASSETS (252,219 ) 95,934
CAPITAL AND RESERVES
Called up share capital 11 62 62
Share premium account 49,997 49,997
Capital redemption reserve 52,500 82,500
Profit and Loss Account (354,778 ) (36,625 )
SHAREHOLDERS' FUNDS (252,219) 95,934
Page 1
Page 2
For the year ending 31 March 2026 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Bates
Director
16/07/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Falafale Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08572260 . The registered office is Suite 26b Britannia Pavilion, Albert Dock, Liverpool, L3 4AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% Straight Line
Plant & Machinery 20% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 70 (2025: 70)
70 70
4. Intangible Assets
Other
£
Cost
As at 1 April 2025 20,535
Additions 50,511
As at 31 March 2026 71,046
Amortisation
As at 1 April 2025 17,356
Provided during the period 7,121
As at 31 March 2026 24,477
Net Book Value
As at 31 March 2026 46,569
As at 1 April 2025 3,179
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 799,695 178,384 412,634 11,593 1,402,306
Additions 225,617 123,155 97,307 6,498 452,577
As at 31 March 2026 1,025,312 301,539 509,941 18,091 1,854,883
Depreciation
As at 1 April 2025 463,975 79,446 227,949 6,831 778,201
Provided during the period 256,408 57,242 107,158 1,627 422,435
As at 31 March 2026 720,383 136,688 335,107 8,458 1,200,636
Net Book Value
As at 31 March 2026 304,929 164,851 174,834 9,633 654,247
As at 1 April 2025 335,720 98,938 184,685 4,762 624,105
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2025 65,001
As at 31 March 2026 65,001
Provision
As at 1 April 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 65,001
As at 1 April 2025 65,001
7. Stocks
2026 2025
£ £
Stock 79,798 61,505
8. Debtors
2026 2025
£ £
Due within one year
Trade debtors 10,335 5,404
Other debtors 213,870 202,209
224,205 207,613
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9. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 241,675 174,208
Amounts owed to group undertakings 58,200 28,713
Other creditors 624,377 470,712
Taxation and social security 331,402 234,535
1,255,654 908,168
10. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 319,709 107,996
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 62 62
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