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REGISTERED NUMBER: 06647955 (England and Wales)












GREEN TANGERINE CATERING COMPANY LTD

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






GREEN TANGERINE CATERING COMPANY LTD (REGISTERED NUMBER: 06647955)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


GREEN TANGERINE CATERING COMPANY LTD

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: S R Beight
G Beight





SECRETARY: Mrs N K Beight





REGISTERED OFFICE: 23 Curling Vale
Onslow Village
Guildford
Surrey
GU2 7PJ





REGISTERED NUMBER: 06647955 (England and Wales)





ACCOUNTANTS: HPCA Limited
Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER

GREEN TANGERINE CATERING COMPANY LTD (REGISTERED NUMBER: 06647955)

REPORT OF THE DIRECTORS
for the year ended 31 July 2023

The directors present their report with the financial statements of the company for the year ended 31 July 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of business and outside caterers.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2022 to the date of this report.

S R Beight
G Beight

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S R Beight - Director


14 November 2023

GREEN TANGERINE CATERING COMPANY LTD (REGISTERED NUMBER: 06647955)

INCOME STATEMENT
for the year ended 31 July 2023

2023 2022
Notes £    £   

TURNOVER 1,437,924 1,157,738

Cost of sales (489,348 ) (384,532 )
GROSS PROFIT 948,576 773,206

Administrative expenses (616,408 ) (494,485 )
332,168 278,721

Other operating income - 7,830
OPERATING PROFIT 4 332,168 286,551

Interest receivable and similar income 1,370 37
333,538 286,588

Interest payable and similar expenses (5,924 ) (2,944 )
PROFIT BEFORE TAXATION 327,614 283,644

Tax on profit (62,285 ) (60,153 )
PROFIT FOR THE FINANCIAL YEAR 265,329 223,491

GREEN TANGERINE CATERING COMPANY LTD (REGISTERED NUMBER: 06647955)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 500 890
Tangible assets 6 209,028 183,615
209,528 184,505

CURRENT ASSETS
Stocks 6,000 4,000
Debtors 7 99,752 91,284
Cash at bank 191,802 107,312
297,554 202,596
CREDITORS
Amounts falling due within one year 8 (226,709 ) (176,216 )
NET CURRENT ASSETS 70,845 26,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,373

210,885

CREDITORS
Amounts falling due after more than one
year

9

(32,283

)

(42,049

)

PROVISIONS FOR LIABILITIES (46,373 ) (45,904 )
NET ASSETS 201,717 122,932

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 201,617 122,832
SHAREHOLDERS' FUNDS 201,717 122,932

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

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

GREEN TANGERINE CATERING COMPANY LTD (REGISTERED NUMBER: 06647955)

BALANCE SHEET - continued
31 July 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




S R Beight - Director



G Beight - Director


GREEN TANGERINE CATERING COMPANY LTD (REGISTERED NUMBER: 06647955)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Green Tangerine Catering Company Ltd 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 represents the net invoiced sales of goods and services, excluding value added tax. Income is recognised when the goods and services are supplied.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, was amortised evenly over its estimated useful life of two 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.

Catering routes are being amortised evenly over their estimated useful life of ten years.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.


GREEN TANGERINE CATERING COMPANY LTD (REGISTERED NUMBER: 06647955)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 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
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.

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.

Other intangible assets
Catering routes are the amounts paid in connection with the acquisition of sandwich routes in 2014, 2017 and 2019, all of which are being amortised evenly over their estimated useful life of 10 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 16 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 19,096 29,029
Catering routes amortisation 390 390

GREEN TANGERINE CATERING COMPANY LTD (REGISTERED NUMBER: 06647955)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 4,000 3,900 7,900
AMORTISATION
At 1 August 2022 4,000 3,010 7,010
Charge for year - 390 390
At 31 July 2023 4,000 3,400 7,400
NET BOOK VALUE
At 31 July 2023 - 500 500
At 31 July 2022 - 890 890

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 375,175
Additions 81,697
Disposals (50,948 )
At 31 July 2023 405,924
DEPRECIATION
At 1 August 2022 191,560
Charge for year 41,815
Eliminated on disposal (36,479 )
At 31 July 2023 196,896
NET BOOK VALUE
At 31 July 2023 209,028
At 31 July 2022 183,615

GREEN TANGERINE CATERING COMPANY LTD (REGISTERED NUMBER: 06647955)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

6. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 August 2022 220,988
Additions 79,947
Transfer to ownership (137,548 )
At 31 July 2023 163,387
DEPRECIATION
At 1 August 2022 5,027
Charge for year 22,719
At 31 July 2023 27,746
NET BOOK VALUE
At 31 July 2023 135,641
At 31 July 2022 215,961

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 76,832 71,890
Other debtors 22,920 19,394
99,752 91,284

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,493 17,295
Hire purchase contracts 52,045 17,543
Trade creditors 42,129 42,918
Taxation and social security 111,356 81,186
Other creditors 16,686 17,274
226,709 176,216

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 4,796
Hire purchase contracts 32,283 37,253
32,283 42,049

GREEN TANGERINE CATERING COMPANY LTD (REGISTERED NUMBER: 06647955)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 4,493 22,091
Hire purchase contracts 84,328 54,796
88,821 76,887

Bank borrowing is secured by a fixed and floating charge over the assets of the company.

Finance leases are secured on the specific assets financed.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was owed £151 from S. Beight (2022: £100).

At the year end the company was owed £319 from G. Beight (2022: £319).

Subsequent to the year end these balances were cleared.

12. RELATED PARTY DISCLOSURES

Bank borrowing and financial commitments under a property lease are secured by personal guarantees given by S.Beight and G. Beight.