Registered number
11587654
Crate to Plate Limited
Filleted Accounts
31 December 2022
Crate to Plate Limited
Registered number: 11587654
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 595,095 680,086
Current assets
Debtors 4 167,584 93,593
Creditors: amounts falling due within one year 5 (107,198) (165,130)
Net current assets/(liabilities) 60,386 (71,537)
Total assets less current liabilities 655,481 608,549
Creditors: amounts falling due after more than one year 6 (131,242) (1,144,167)
Net assets/(liabilities) 524,239 (535,618)
Capital and reserves
Called up share capital 228 16,762
Share premium 2,262,247 430,358
Profit and loss account (1,738,236) (982,738)
Shareholders' funds 524,239 (535,618)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Daniel Tristao
Director
Approved by the board on 27 September 2023
Crate to Plate Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 7 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 14 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 864,832
Additions 46,782
At 31 December 2022 911,614
Depreciation
At 1 January 2022 184,746
Charge for the year 131,773
At 31 December 2022 316,519
Net book value
At 31 December 2022 595,095
At 31 December 2021 680,086
4 Debtors 2022 2021
£ £
Trade debtors 50,439 14,346
Other debtors 117,145 79,247
167,584 93,593
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 15,515 23,922
Trade creditors 105,272 187,932
Taxation and social security costs (15,724) (48,582)
Other creditors 2,135 1,858
107,198 165,130
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 38,570 44,167
Other creditors 92,672 1,100,000
131,242 1,144,167
7 Other information
Crate to Plate Limited is a private company limited by shares and incorporated in England. Its registered office is:
85 Great Portland Street
London
W1W 7LT
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