Appetite For Life Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04140306 (England and Wales)

Unaudited Financial Statements

for the Period 27 April 2020 to 25 April 2021

for

Appetite For Life Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R E Thompson

Mrs A J Thompson

SECRETARY:

Mrs A J Thompson

REGISTERED OFFICE:

1 Silver Street

Knaresborough

North Yorkshire

HG5 8AJ

REGISTERED NUMBER:

04140306 (England and Wales)

ACCOUNTANTS:

Mitchell Wellock Limited

Unit 24, Skipton Auction Mart

Gargrave Road

Skipton

North Yorkshire

BD23 1UD

FIXED ASSETS

Intangible assets

4

500

500

Tangible assets

5

127,598

109,749

128,098

110,249

CURRENT ASSETS

Stocks

-

57,795

Debtors

6

29,331

4,072

Cash at bank and in hand

188,178

110,421

217,509

172,288

CREDITORS

Amounts falling due within one year

7

233,576

261,035

NET CURRENT LIABILITIES

(16,067

)

(88,747

)

TOTAL ASSETS LESS CURRENT LIABILITIES

112,031

21,502

CREDITORS

Amounts falling due after more than one year

8

286,703

214,156

NET LIABILITIES

(174,672

)

(192,654

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(174,772

)

(192,754

)

(174,672

)

(192,654

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25 April 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 25 April 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2022 and were signed on its behalf by:

Mrs A J Thompson - Director

1.	STATUTORY INFORMATION

Appetite For Life 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

Straight line over 13 years

Equipment

-

15% on cost

Fixtures and fittings

-

15% on cost

Stocks

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 60 (2020 - 144 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 27 April 2020

and 25 April 2021

500

NET BOOK VALUE

At 25 April 2021

500

At 26 April 2020

500

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

property

Equipment

fittings

Totals

£

£

£

£

COST

At 27 April 2020

86,216

165,905

165,947

418,068

Additions

-

10,149

51,010

61,159

Disposals

-

(3,216

)

(3,212

)

(6,428

)

At 25 April 2021

86,216

172,838

213,745

472,799

DEPRECIATION

At 27 April 2020

86,216

99,525

122,578

308,319

Charge for period

-

21,715

15,167

36,882

At 25 April 2021

86,216

121,240

137,745

345,201

NET BOOK VALUE

At 25 April 2021

-

51,598

76,000

127,598

At 26 April 2020

-

66,380

43,369

109,749

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.4.21

26.4.20

£

£

Trade debtors

2,474

-

VAT

22,913

-

Prepayments

3,944

4,072

29,331

4,072

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.4.21

26.4.20

£

£

Hire purchase contracts

42,821

38,355

Trade creditors

120,468

121,871

Credit card

2,769

-

Tax

(100

)

-

Social security and other taxes

52,892

41,979

VAT

-

11,348

Directors' current accounts

-

32,756

Accrued expenses

14,726

14,726

233,576

261,035

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

25.4.21

26.4.20

£

£

Bank loan

162,928

53,573

Loan from Brewery

27,193

27,193

Directors current accounts

96,582

133,390

286,703

214,156