IRIS Accounts Production v23.3.0.418 10561582 director 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105615822022-01-31105615822023-01-31105615822022-02-012023-01-31105615822021-01-31105615822021-02-012022-01-31105615822022-01-3110561582ns10:Originalns15:EnglandWales2022-02-012023-01-3110561582ns14:PoundSterlingns10:Original2022-02-012023-01-3110561582ns10:Originalns10:Director12022-02-012023-01-3110561582ns10:Original2022-02-012023-01-3110561582ns10:Original2023-01-3110561582ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3110561582ns10:Originalns10:SmallEntities2022-02-012023-01-3110561582ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3110561582ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3110561582ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3110561582ns10:Originalns10:FullAccounts2022-02-012023-01-3110561582ns10:Originalns10:RegisteredOffice2022-02-012023-01-3110561582ns10:Original2022-01-3110561582ns10:Originalns5:CurrentFinancialInstruments2023-01-3110561582ns10:Originalns5:CurrentFinancialInstruments2022-01-3110561582ns5:ShareCapitalns10:Original2023-01-3110561582ns5:ShareCapitalns10:Original2022-01-3110561582ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3110561582ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3110561582ns10:Original2021-02-012022-01-3110561582ns10:Originalns5:LeaseholdImprovements2022-01-3110561582ns10:Originalns5:PlantMachinery2022-01-3110561582ns10:Originalns5:ComputerEquipment2022-01-3110561582ns10:Original2022-01-3110561582ns10:Originalns5:LeaseholdImprovements2022-02-012023-01-3110561582ns10:Originalns5:PlantMachinery2022-02-012023-01-3110561582ns10:Originalns5:ComputerEquipment2022-02-012023-01-3110561582ns10:Originalns5:LeaseholdImprovements2023-01-3110561582ns10:Originalns5:PlantMachinery2023-01-3110561582ns10:Originalns5:ComputerEquipment2023-01-3110561582ns10:Originalns5:LeaseholdImprovements2022-01-3110561582ns10:Originalns5:PlantMachinery2022-01-3110561582ns10:Originalns5:ComputerEquipment2022-01-3110561582ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3110561582ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-31
REGISTERED NUMBER: 10561582 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Nature's Best Catering Limited
Trading as
Lotus Chinese Asian Fusion Restaurant

Nature's Best Catering Limited (Registered number: 10561582)
Trading as Lotus Chinese Asian Fusion Restaurant






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


Nature's Best Catering Limited
Trading as Lotus Chinese Asian Fusion Restaurant

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Ms M K Chin





REGISTERED OFFICE: Unit 5 Parry Thomas Centre
Pendine
Carmarthen
Carmarthenshire
SA33 4NY





REGISTERED NUMBER: 10561582 (England and Wales)

Nature's Best Catering Limited (Registered number: 10561582)
Trading as Lotus Chinese Asian Fusion Restaurant

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,541 75,665

CURRENT ASSETS
Stocks 5,000 4,000
Debtors 5 12,910 6,040
Cash at bank and in hand 82,478 80,134
100,388 90,174
CREDITORS
Amounts falling due within one year 6 31,366 78,907
NET CURRENT ASSETS 69,022 11,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,563

86,932

PROVISIONS FOR LIABILITIES 2,382 -
NET ASSETS 134,181 86,932

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 134,171 86,922
SHAREHOLDERS' FUNDS 134,181 86,932

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 her 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.

Nature's Best Catering Limited (Registered number: 10561582)
Trading as Lotus Chinese Asian Fusion Restaurant

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





Ms M K Chin - Director


Nature's Best Catering Limited (Registered number: 10561582)
Trading as Lotus Chinese Asian Fusion Restaurant

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Nature's Best 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on reducing balance
Plant & Machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Nature's Best Catering Limited (Registered number: 10561582)
Trading as Lotus Chinese Asian Fusion Restaurant

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 February 2022 103,438 42,786 - 146,224
Additions - 1,206 583 1,789
At 31 January 2023 103,438 43,992 583 148,013
DEPRECIATION
At 1 February 2022 42,322 28,237 - 70,559
Charge for year 6,112 3,769 32 9,913
At 31 January 2023 48,434 32,006 32 80,472
NET BOOK VALUE
At 31 January 2023 55,004 11,986 551 67,541
At 31 January 2022 61,116 14,549 - 75,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 12,910 6,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts - 1,550
Trade creditors 1,000 6,528
Taxation and social security 25,880 24,560
Other creditors 4,486 46,269
31,366 78,907