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REGISTERED NUMBER: 05589342 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

HEDLEY'S CATERING LIMITED

HEDLEY'S CATERING LIMITED (REGISTERED NUMBER: 05589342)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

HEDLEY'S CATERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mrs R G Oram
J A Oram





SECRETARY: Mrs R G Oram





REGISTERED OFFICE: Unit 10 Bamel Way
Gloucester Business Park
Brockworth
Gloucester
Gloucestershire
GL3 4BH





REGISTERED NUMBER: 05589342 (England and Wales)





ACCOUNTANTS: Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

HEDLEY'S CATERING LIMITED (REGISTERED NUMBER: 05589342)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 26,000 39,000
Tangible assets 5 62,074 34,709
88,074 73,709

CURRENT ASSETS
Stocks 36,975 36,430
Debtors 46,678 22,992
Cash at bank and in hand 8,142 7,196
91,795 66,618
CREDITORS
Amounts falling due within one year (70,178 ) (53,457 )
NET CURRENT ASSETS 21,617 13,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,691

86,870

CREDITORS
Amounts falling due after more than one
year

222,738

260,371

CAPITAL AND RESERVES
Called up share capital 7 74,000 74,000
Retained earnings (187,047 ) (247,501 )
SHAREHOLDERS' FUNDS (113,047 ) (173,501 )
109,691 86,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

HEDLEY'S CATERING LIMITED (REGISTERED NUMBER: 05589342)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 11 October 2023 and were signed on its behalf by:





J A Oram - Director


HEDLEY'S CATERING LIMITED (REGISTERED NUMBER: 05589342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Hedley's Catering 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.

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.

Going concern
The company had net liabilities at the balance sheet date. However, amongst its liabilities is an unsecured loan from the directors of £159,208 (2022: £214,708), which the directors have agreed not to withdraw to the detriment of other unsecured creditors.

The directors have considered the cash flow requirements of the company for a period of at least twelve months from the date of approval of these financial statements, taking into account the added uncertainties arising from the short and medium term impacts of the recent covid-19 pandemic and other global factors. The directors believe that, despite those ongoing uncertainties, the company will be able to generate sufficient cash flow for it to continue operations.

As a result of these considerations, the directors believe that the company remains a going concern and that it is therefore appropriate to draw up the financial statements on that basis.

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

Buffet sales are recognised when an invoice is raised and van sales are recognised at point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years starting in 2015.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - 8 years
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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.


HEDLEY'S CATERING LIMITED (REGISTERED NUMBER: 05589342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022
and 31 January 2023 130,000
AMORTISATION
At 1 February 2022 91,000
Amortisation for year 13,000
At 31 January 2023 104,000
NET BOOK VALUE

At 31 January 2023 26,000
At 31 January 2022 39,000

HEDLEY'S CATERING LIMITED (REGISTERED NUMBER: 05589342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 198,992
Additions 46,608
Disposals (17,881 )
At 31 January 2023 227,719
DEPRECIATION
At 1 February 2022 164,283
Charge for year 19,243
Eliminated on disposal (17,881 )
At 31 January 2023 165,645
NET BOOK VALUE
At 31 January 2023 62,074
At 31 January 2022 34,709

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2022 37,082
Additions 41,075
At 31 January 2023 78,157
DEPRECIATION
At 1 February 2022
and 31 January 2023 9,270
NET BOOK VALUE
At 31 January 2023 68,887
At 31 January 2022 27,812

6. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Hire purchase contracts 58,281 33,671

Hire purchase liabilities are secured, on an agreement by agreement basis, against the asset for which the finance was acquired.

HEDLEY'S CATERING LIMITED (REGISTERED NUMBER: 05589342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
18,500 Ordinary A £1 18,500 18,500
18,500 Ordinary B £1 18,500 18,500
18,500 Ordinary C £1 18,500 18,500
18,500 Ordinary D £1 18,500 18,500
74,000 74,000

8. RELATED PARTY DISCLOSURES

J A and Mrs R G Oram
Sole directors and shareholders
Included in creditors at 31 January 2023 is £159,208 (2022: £214,708) due to the directors. No interest or repayment terms have been agreed and the advance is unsecured. The directors have agreed not to withdraw their balance to the detriment of other unsecured creditors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HEDLEY'S CATERING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hedley's Catering Limited for the year ended 31 January 2023 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hedley's Catering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hedley's Catering Limited and state those matters that we have agreed to state to the Board of Directors of Hedley's Catering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hedley's Catering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hedley's Catering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hedley's Catering Limited. You consider that Hedley's Catering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hedley's Catering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX


Date: .............................................