IRIS Accounts Production v23.2.0.158 01322411 Board of Directors 22.4.22 21.4.23 21.4.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure013224112022-04-21013224112023-04-21013224112022-04-222023-04-21013224112021-04-21013224112021-04-222022-04-21013224112022-04-2101322411ns16:EnglandWales2022-04-222023-04-2101322411ns15:PoundSterling2022-04-222023-04-2101322411ns11:Director12022-04-222023-04-2101322411ns11:PrivateLimitedCompanyLtd2022-04-222023-04-2101322411ns11:SmallEntities2022-04-222023-04-2101322411ns11:AuditExempt-NoAccountantsReport2022-04-222023-04-2101322411ns11:SmallCompaniesRegimeForAccounts2022-04-222023-04-2101322411ns11:FullAccounts2022-04-222023-04-2101322411ns11:OrdinaryShareClass12022-04-222023-04-2101322411ns11:Director22022-04-222023-04-2101322411ns11:Director32022-04-222023-04-2101322411ns11:Director42022-04-222023-04-2101322411ns11:CompanySecretary12022-04-222023-04-2101322411ns11:RegisteredOffice2022-04-222023-04-2101322411ns6:CurrentFinancialInstruments2023-04-2101322411ns6:CurrentFinancialInstruments2022-04-2101322411ns6:Non-currentFinancialInstruments2023-04-2101322411ns6:Non-currentFinancialInstruments2022-04-2101322411ns6:ShareCapital2023-04-2101322411ns6:ShareCapital2022-04-2101322411ns6:RetainedEarningsAccumulatedLosses2023-04-2101322411ns6:RetainedEarningsAccumulatedLosses2022-04-2101322411ns6:ShortLeaseholdAssetsns6:LandBuildings2022-04-2101322411ns6:PlantMachinery2022-04-2101322411ns6:ComputerEquipment2022-04-2101322411ns6:ShortLeaseholdAssetsns6:LandBuildings2022-04-222023-04-2101322411ns6:PlantMachinery2022-04-222023-04-2101322411ns6:ComputerEquipment2022-04-222023-04-2101322411ns6:ShortLeaseholdAssetsns6:LandBuildings2023-04-2101322411ns6:PlantMachinery2023-04-2101322411ns6:ComputerEquipment2023-04-2101322411ns6:ShortLeaseholdAssetsns6:LandBuildings2022-04-2101322411ns6:PlantMachinery2022-04-2101322411ns6:ComputerEquipment2022-04-2101322411ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-04-2101322411ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-04-2101322411ns6:DeferredTaxation2022-04-2101322411ns6:DeferredTaxation2023-04-2101322411ns11:OrdinaryShareClass12023-04-21
REGISTERED NUMBER: 01322411 (England and Wales)









G.P.CATERERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 21 APRIL 2023






G.P.CATERERS LIMITED (REGISTERED NUMBER: 01322411)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 21 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.P.CATERERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 21 APRIL 2023







DIRECTORS: G J Carpanini (CHAIRMAN)
P V P Carpanini
Mrs R Carpanini
Mrs S L Carpanini





SECRETARY: P V P Carpanini





REGISTERED OFFICE: Churchgate House
3 Church Road
Whitchurch
Cardiff
SOUTH GLAMORGAN
CF14 2DX





REGISTERED NUMBER: 01322411 (England and Wales)






G.P.CATERERS LIMITED (REGISTERED NUMBER: 01322411)

BALANCE SHEET
21 APRIL 2023

21.4.23 21.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,778 25,983

CURRENT ASSETS
Stocks 5 3,450 3,095
Debtors 6 180 -
Cash at bank and in hand 301,741 319,152
305,371 322,247
CREDITORS
Amounts falling due within one year 7 123,533 184,876
NET CURRENT ASSETS 181,838 137,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,616

163,354

CREDITORS
Amounts falling due after more than one
year

8

(23,283

)

(33,214

)

PROVISIONS FOR LIABILITIES 9 (7,945 ) (6,496 )
NET ASSETS 182,388 123,644

G.P.CATERERS LIMITED (REGISTERED NUMBER: 01322411)

BALANCE SHEET - continued
21 APRIL 2023

21.4.23 21.4.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 182,288 123,544
SHAREHOLDERS' FUNDS 182,388 123,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 21 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 21 April 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.

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 Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





G J Carpanini (CHAIRMAN) - Director


G.P.CATERERS LIMITED (REGISTERED NUMBER: 01322411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 21 APRIL 2023

1. STATUTORY INFORMATION

G.P.CATERERS 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 financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making their assessment, the directors have reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with their continued support.

At the date of approving the financial statements the directors has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

G.P.CATERERS LIMITED (REGISTERED NUMBER: 01322411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 21 APRIL 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives:

Plant and machinery - 10% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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.

G.P.CATERERS LIMITED (REGISTERED NUMBER: 01322411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 21 APRIL 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.

Turnover
Rendering of services
Turnover is recognised at the fair value of the consideration received or receivable for the services provided to the customer during the normal course of business. Turnover is recognised at the point when all benefits of the services provided are transferred to the customer.

Sales
Revenue represents retail sales to customers and is measured at fair value of the consideration received or receivable and is recognised on the day that the sale is made.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

Where there are a number of similar obligations, the likelihood that an outflow of economic benefits will be required in settlement is determined by considering the class of obligation as a whole. A provision is recognised even if the likelihood of an outflow with respect of any one item in the same class of obligations may be small.

Provisions are not made for future operating losses.

Provisions are measures at the present value of the cost expected to be required to settle the obligation using a pre-tax rate that reflects current market assessment of the time value of money and the risks specific to the obligation. The increase in the provision due to the passing of time is recognised as a cost in the income statement.

G.P.CATERERS LIMITED (REGISTERED NUMBER: 01322411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 21 APRIL 2023

2. ACCOUNTING POLICIES - continued

Cash & cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets are 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.

Basic financial assets
Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 19 ) .

G.P.CATERERS LIMITED (REGISTERED NUMBER: 01322411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 21 APRIL 2023

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 22 April 2022 82,236 278,726 1,755 362,717
Additions - 8,608 - 8,608
At 21 April 2023 82,236 287,334 1,755 371,325
DEPRECIATION
At 22 April 2022 82,236 252,743 1,755 336,734
Charge for year - 2,813 - 2,813
At 21 April 2023 82,236 255,556 1,755 339,547
NET BOOK VALUE
At 21 April 2023 - 31,778 - 31,778
At 21 April 2022 - 25,983 - 25,983

5. STOCKS
21.4.23 21.4.22
£    £   
Goods for resale 3,450 3,095

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
21.4.23 21.4.22
£    £   
Prepayments and accrued income 180 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
21.4.23 21.4.22
£    £   
Bank loans and overdrafts 9,931 9,683
Trade creditors 6,018 11,424
Corporation Tax 24,781 27,801
Social security and other taxes 2,159 2,823
VAT 30,594 30,486
Other creditors 44,489 97,098
Directors' loan accounts 5,561 5,561
123,533 184,876

G.P.CATERERS LIMITED (REGISTERED NUMBER: 01322411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 21 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
21.4.23 21.4.22
£    £   
Bank loans 23,283 33,214

9. PROVISIONS FOR LIABILITIES
21.4.23 21.4.22
£    £   
Deferred tax 7,945 6,496

Deferred
tax
£   
Balance at 22 April 2022 6,496
Accelerated capital allowances 1,449
Balance at 21 April 2023 7,945

The balance of £7,945 relates to accelerated capital allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 21.4.23 21.4.22
value: £    £   
100 Ordinary £1 100 100

11. OTHER FINANCIAL COMMITMENTS

At 21 April 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £100,000 - (2022 - £150,000).

12. RELATED PARTY DISCLOSURES

During the year all directors operated an interest free loan account with the company. The amount owing to the directors at at 21 April 2023 was £5,561 (2022 : £5,561). The loan is considered repayable on demand and is included within creditors falling due within one year.