The French Kitchen Gourmet Food Company - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09576992 (England and Wales)

THE FRENCH KITCHEN GOURMET FOOD

COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G E Bacon

M Unsworth

REGISTERED OFFICE:

12 Church Walk

Thames Ditton

Surrey

KT7 0NW

REGISTERED NUMBER:

09576992 (England and Wales)

CURRENT ASSETS

Stocks

8,210

5,540

Debtors

3

1,800

6,401

Cash at bank

5,897

3,864

15,907

15,805

CREDITORS

Amounts falling due within one year

4

(35,942

)

(22,800

)

NET CURRENT LIABILITIES

(20,035

)

(6,995

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,035

)

(6,995

)

CREDITORS

Amounts falling due after more than one year

5

(11,500

)

(11,500

)

NET LIABILITIES

(31,535

)

(18,495

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(31,635

)

(18,595

)

(31,535

)

(18,495

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 January 2020 and were signed on its behalf by:

G E Bacon - Director

1.	STATUTORY INFORMATION

The French Kitchen Gourmet Food Company Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS102 "The Financial Reporting

Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies

Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure

is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain

financial instruments at fair value. The principal accounting policies adopted are set out below.

At the balance sheet date the company has net liabilities, and is dependent upon the support of its creditors to

continue trading. The directors have indicated that this support will continue for a period of at least 12 months

from the date of signing these financial statements, and as such the going concern basis has been used.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct

issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the

discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes

party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using

the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction

is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price

and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where

the debt instrument is measured at the present value of the future receipts discounted at a market rate of

interest.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

2,360

Other debtors

50

50

VAT

-

1,241

Prepayments

1,750

2,750

1,800

6,401

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

VAT

1,339

-

Other creditors

24,115

11,600

Directors' current accounts

8,033

9,950

Accruals and deferred income

2,455

1,250

35,942

22,800

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

11,500

11,500