Company Registration No. 07324505 (England and Wales)
FAVOUR CATERING & EVENTS LTD
Unaudited accounts
for the year ended 31 October 2025
FAVOUR CATERING & EVENTS LTD
Unaudited accounts
Contents
FAVOUR CATERING & EVENTS LTD
Company Information
for the year ended 31 October 2025
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
FAVOUR CATERING & EVENTS LTD
Statement of financial position
as at 31 October 2025
Tangible assets
8,051
9,470
Cash at bank and in hand
23,478
9,486
Creditors: amounts falling due within one year
(98,425)
(88,523)
Net current liabilities
(57,817)
(66,537)
Total assets less current liabilities
(49,766)
(57,067)
Creditors: amounts falling due after more than one year
(2,969)
(13,618)
Net liabilities
(52,735)
(70,685)
Called up share capital
1
1
Profit and loss account
(52,736)
(70,686)
Shareholders' funds
(52,735)
(70,685)
For the year ending 31 October 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 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 31 July 2026 and were signed on its behalf by
N olusegun Ogunniyi
Director
Company Registration No. 07324505
FAVOUR CATERING & EVENTS LTD
Notes to the Accounts
for the year ended 31 October 2025
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.
These financial statements for the year ended 31 October 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 2024
20,672
21,650
9,887
1,778
53,987
At 31 October 2025
20,672
21,650
9,887
1,778
53,987
At 1 November 2024
17,051
16,835
9,312
1,319
44,517
Charge for the year
543
722
86
68
1,419
At 31 October 2025
17,594
17,557
9,398
1,387
45,936
At 31 October 2025
3,078
4,093
489
391
8,051
At 31 October 2024
3,621
4,815
575
459
9,470
FAVOUR CATERING & EVENTS LTD
Notes to the Accounts
for the year ended 31 October 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
9,916
6,802
Taxes and social security
12,528
9,528
Other creditors
2,178
13,069
Loans from directors
46,923
46,893
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 3).