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REGISTERED NUMBER: 06379516 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

EUROCATERING (N.E.) LIMITED

EUROCATERING (N.E.) LIMITED (REGISTERED NUMBER: 06379516)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EUROCATERING (N.E.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: P Simpson





REGISTERED OFFICE: Whitemount
Whitesmocks
Durham
DH1 4HN





REGISTERED NUMBER: 06379516 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

EUROCATERING (N.E.) LIMITED (REGISTERED NUMBER: 06379516)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 821 1,757
821 1,757

CURRENT ASSETS
Stocks 10,000 10,500
Debtors 6 36,886 18,159
Cash at bank 42,306 40,445
89,192 69,104
CREDITORS
Amounts falling due within one year 7 56,400 59,406
NET CURRENT ASSETS 32,792 9,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,613

11,455

PROVISIONS FOR LIABILITIES 205 439
NET ASSETS 33,408 11,016

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 33,308 10,916
SHAREHOLDERS' FUNDS 33,408 11,016

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 director acknowledges his 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.

EUROCATERING (N.E.) LIMITED (REGISTERED NUMBER: 06379516)

BALANCE SHEET - 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.

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 director and authorised for issue on 6 September 2023 and were signed by:





P Simpson - Director


EUROCATERING (N.E.) LIMITED (REGISTERED NUMBER: 06379516)

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

1. STATUTORY INFORMATION

Eurocatering (N.E.) 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.

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 derives from the sale and installation of catering equipment. Income is recognised when the goods are supplied and installed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being 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.
Computer equipment - 33% 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. Cost is calculated as being the amount paid for each item.

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 balance sheet date.


EUROCATERING (N.E.) LIMITED (REGISTERED NUMBER: 06379516)

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

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.

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.

Going concern
The directors have considered the financial performance and position of the company and its cash flows for a period in excess of 12 months from the date of which the financial statements were approved. They consider that the company can operate within the finances available to it. For this reason the going concern basis of accountancy has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 50,000
AMORTISATION
At 1 February 2022
and 31 January 2023 50,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

EUROCATERING (N.E.) LIMITED (REGISTERED NUMBER: 06379516)

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2022
and 31 January 2023 4,131
DEPRECIATION
At 1 February 2022 2,374
Charge for year 936
At 31 January 2023 3,310
NET BOOK VALUE
At 31 January 2023 821
At 31 January 2022 1,757

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,886 18,159
Other debtors 8,000 -
36,886 18,159

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,896 21,359
Taxation and social security 51,559 35,231
Other creditors 2,945 2,816
56,400 59,406

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 7,560 7,154
Between one and five years 5,347 12,906
12,907 20,060

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

EUROCATERING (N.E.) LIMITED (REGISTERED NUMBER: 06379516)

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

10. RELATED PARTY DISCLOSURES

During the year the director maintained an interest free loan to the company. The balance outstanding at the year end was £522 (2022: £1,094).