Registered number
08812172
Sedar Catering Limited
Filleted Accounts
31 August 2023
Sedar Catering Limited
Registered number: 08812172
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 39,000 39,000
Tangible assets 4 25,767 30,314
64,767 69,314
Current assets
Stocks - 6,500
Debtors 5 2,312 2,312
Cash at bank and in hand 431 7,108
2,743 15,920
Creditors: amounts falling due within one year 6 (74,459) (76,434)
Net current liabilities (71,716) (60,514)
Net (liabilities)/assets (6,949) 8,800
Capital and reserves
Called up share capital 100 100
Profit and loss account (7,049) 8,700
Shareholders' funds (6,949) 8,800
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.
Imam Huseyin ERDOGAN
Director
Approved by the board on 10 October 2023
Sedar Catering Limited
Notes to the Accounts
for the period from 1 December 2022 to 31 August 2023
1 Accounting policies
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 39,000
At 31 August 2023 39,000
Amortisation
At 31 August 2023 -
Net book value
At 31 August 2023 39,000
At 30 November 2022 39,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 70,238
At 31 August 2023 70,238
Depreciation
At 1 December 2022 39,924
Charge for the period 4,547
At 31 August 2023 44,471
Net book value
At 31 August 2023 25,767
At 30 November 2022 30,314
5 Debtors 2023 2022
£ £
Other debtors 2,312 2,312
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 430 78
Corporation tax 507 507
Other taxes and social security costs 1,075 3,006
Other creditors 72,447 72,843
74,459 76,434
7 Controlling party
Imam Huseyin ERDOGAN, a company director controls the company by virtue of holding 100% of the issued share capital.
8 Other information
Sedar Catering Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Clock House Parade
North Circular Road
London
N13 6BG
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