IRIS Accounts Production v18.3.0.590 07582325 Board of Directors Board of Directors 1.8.17 31.7.18 31.7.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075823252017-07-31075823252018-07-31075823252017-08-012018-07-31075823252016-07-31075823252016-08-012017-07-31075823252017-07-3107582325ns15:EnglandWales2017-08-012018-07-3107582325ns14:PoundSterling2017-08-012018-07-3107582325ns10:Director12017-08-012018-07-3107582325ns10:Director22017-08-012018-07-3107582325ns10:PrivateLimitedCompanyLtd2017-08-012018-07-3107582325ns10:SmallEntities2017-08-012018-07-3107582325ns10:AuditExempt-NoAccountantsReport2017-08-012018-07-3107582325ns10:SmallCompaniesRegimeForDirectorsReport2017-08-012018-07-3107582325ns10:SmallCompaniesRegimeForAccounts2017-08-012018-07-3107582325ns10:FullAccounts2017-08-012018-07-310758232512017-08-012018-07-3107582325ns10:RegisteredOffice2017-08-012018-07-3107582325ns5:CurrentFinancialInstruments2018-07-3107582325ns5:CurrentFinancialInstruments2017-07-3107582325ns5:Non-currentFinancialInstruments2018-07-3107582325ns5:Non-currentFinancialInstruments2017-07-3107582325ns5:ShareCapital2018-07-3107582325ns5:ShareCapital2017-07-3107582325ns5:RetainedEarningsAccumulatedLosses2018-07-3107582325ns5:RetainedEarningsAccumulatedLosses2017-07-3107582325ns5:NetGoodwill2017-08-012018-07-3107582325ns5:PlantMachinery2017-08-012018-07-3107582325ns5:NetGoodwill2017-07-3107582325ns5:NetGoodwill2018-07-3107582325ns5:NetGoodwill2017-07-3107582325ns5:PlantMachinery2017-07-3107582325ns5:PlantMachinery2018-07-3107582325ns5:PlantMachinery2017-07-3107582325ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-07-3107582325ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-07-3107582325ns5:Secured2018-07-3107582325ns5:Secured2017-07-31


REGISTERED NUMBER: 07582325 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018

FOR

PRINCIPALS CONTRACT CATERING LTD

PRINCIPALS CONTRACT CATERING LTD (REGISTERED NUMBER: 07582325)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRINCIPALS CONTRACT CATERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2018







DIRECTORS: Mr G J Hobbs
Mrs A K C Hobbs





REGISTERED OFFICE: Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF





REGISTERED NUMBER: 07582325 (England and Wales)





ACCOUNTANTS: Stoten Gillam Limited
Chartered Accountants
Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF

PRINCIPALS CONTRACT CATERING LTD (REGISTERED NUMBER: 07582325)

BALANCE SHEET
31 JULY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 16,400 20,500
Tangible assets 4 22,995 26,401
39,395 46,901

CURRENT ASSETS
Stocks 3,450 4,458
Debtors 5 47,657 61,843
Cash at bank and in hand 54,491 58,033
105,598 124,334
CREDITORS
Amounts falling due within one year 6 123,325 124,184
NET CURRENT (LIABILITIES)/ASSETS (17,727 ) 150
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,668

47,051

CREDITORS
Amounts falling due after more than one year 7 (3,089 ) (9,902 )

PROVISIONS FOR LIABILITIES (4,369 ) (5,016 )
NET ASSETS 14,210 32,133

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,208 32,131
SHAREHOLDERS' FUNDS 14,210 32,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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.

PRINCIPALS CONTRACT CATERING LTD (REGISTERED NUMBER: 07582325)

BALANCE SHEET - continued
31 JULY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 9 November 2018 and were signed on its behalf by:




Mr G J Hobbs - Director



Mrs A K C Hobbs - Director


PRINCIPALS CONTRACT CATERING LTD (REGISTERED NUMBER: 07582325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011. The amortisation has been
accelerated in the current year to write the remaining balance off over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 year 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 year 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.

PRINCIPALS CONTRACT CATERING LTD (REGISTERED NUMBER: 07582325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


2. EMPLOYEES

The average number of employees during the year was 43 (2017 - 42 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2017
and 31 July 2018 30,000
AMORTISATION
At 1 August 2017 9,500
Charge for year 4,100
At 31 July 2018 13,600
NET BOOK VALUE
At 31 July 2018 16,400
At 31 July 2017 20,500

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2017 55,302
Additions 4,280
At 31 July 2018 59,582
DEPRECIATION
At 1 August 2017 28,901
Charge for year 7,686
At 31 July 2018 36,587
NET BOOK VALUE
At 31 July 2018 22,995
At 31 July 2017 26,401

PRINCIPALS CONTRACT CATERING LTD (REGISTERED NUMBER: 07582325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 39,495 59,549
Other debtors 8,162 2,294
47,657 61,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 6,930 2,850
Trade creditors 16,280 17,397
Taxation and social security 76,516 86,227
Other creditors 23,599 17,710
123,325 124,184

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans 3,089 9,902

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 10,019 12,752

Secured by personal guarantee by the directors.