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REGISTERED NUMBER: 05726190 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

G & H CATERING EQUIPMENT SERVICES LTD

G & H CATERING EQUIPMENT SERVICES LTD (REGISTERED NUMBER: 05726190)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & H CATERING EQUIPMENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2022







DIRECTORS: S A Gerchen
Mrs C A Gerchen
D J Slatter
Mrs S S Slatter





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: Unit 27 Imperial Park
Rawreth Lane
Rayleigh
Essex
SS6 9RS





REGISTERED NUMBER: 05726190 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

G & H CATERING EQUIPMENT SERVICES LTD (REGISTERED NUMBER: 05726190)

BALANCE SHEET
30 JUNE 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 59,660 64,161
59,660 64,161

CURRENT ASSETS
Stocks 6 42,852 19,000
Debtors 7 155,053 88,382
Cash at bank and in hand 265,938 164,244
463,843 271,626
CREDITORS
Amounts falling due within one year 8 273,261 149,404
NET CURRENT ASSETS 190,582 122,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,242

186,383

CREDITORS
Amounts falling due after more than one
year

9

(5,480

)

(17,549

)

PROVISIONS FOR LIABILITIES (14,048 ) (12,191 )
NET ASSETS 230,714 156,643

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Capital redemption reserve 500 500
Retained earnings 229,214 155,143
SHAREHOLDERS' FUNDS 230,714 156,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

G & H CATERING EQUIPMENT SERVICES LTD (REGISTERED NUMBER: 05726190)

BALANCE SHEET - continued
30 JUNE 2022


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 13 September 2022 and were signed on its behalf by:




A E Gerchen - Director S A Gerchen - Director




D J Slatter - Director


G & H CATERING EQUIPMENT SERVICES LTD (REGISTERED NUMBER: 05726190)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

1. STATUTORY INFORMATION

G & H Catering Equipment Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been amortised evenly over its estimated useful life of ten years.

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.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


G & H CATERING EQUIPMENT SERVICES LTD (REGISTERED NUMBER: 05726190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Government grants received as a result of Covid 19 support have been accounted for under the accrual model and are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grants are intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2021
and 30 June 2022 90,603
AMORTISATION
At 1 July 2021
and 30 June 2022 90,603
NET BOOK VALUE
At 30 June 2022 -
At 30 June 2021 -

G & H CATERING EQUIPMENT SERVICES LTD (REGISTERED NUMBER: 05726190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2021 9,835 123,702 7,782 141,319
Additions 697 14,452 332 15,481
Disposals - (14,198 ) - (14,198 )
At 30 June 2022 10,532 123,956 8,114 142,602
DEPRECIATION
At 1 July 2021 5,411 65,176 6,571 77,158
Charge for year 493 15,807 524 16,824
Eliminated on disposal - (11,040 ) - (11,040 )
At 30 June 2022 5,904 69,943 7,095 82,942
NET BOOK VALUE
At 30 June 2022 4,628 54,013 1,019 59,660
At 30 June 2021 4,424 58,526 1,211 64,161

6. STOCKS
30.6.22 30.6.21
£    £   
Stocks 16,707 19,000
Work-in-progress 26,145 -
42,852 19,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade debtors 148,483 85,456
Other debtors 546 815
Prepayments 6,024 2,111
155,053 88,382

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Hire purchase contracts 12,069 14,303
Trade creditors 98,178 39,934
Taxation and social security 110,081 80,951
Other creditors 52,933 14,216
273,261 149,404

G & H CATERING EQUIPMENT SERVICES LTD (REGISTERED NUMBER: 05726190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.22 30.6.21
£    £   
Hire purchase contracts 5,480 17,549

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.22 30.6.21
£    £   
Hire purchase contracts 17,549 31,852

The hire purchase debts are secured by a fixed charge over the assets financed.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.22 30.6.21
value: £    £   
500 A Ordinary £1 500 500
500 C Ordinary £1 500 500
1,000 1,000