Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28truetrue2022-03-01falseNo description of principal activity5030The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07479160 2022-03-01 2023-02-28 07479160 2021-03-01 2022-02-28 07479160 2023-02-28 07479160 2022-02-28 07479160 c:Director2 2022-03-01 2023-02-28 07479160 d:Buildings 2022-03-01 2023-02-28 07479160 d:Buildings 2023-02-28 07479160 d:Buildings 2022-02-28 07479160 d:Buildings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07479160 d:Buildings d:LongLeaseholdAssets 2022-03-01 2023-02-28 07479160 d:Buildings d:ShortLeaseholdAssets 2022-03-01 2023-02-28 07479160 d:PlantMachinery 2022-03-01 2023-02-28 07479160 d:PlantMachinery 2023-02-28 07479160 d:PlantMachinery 2022-02-28 07479160 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07479160 d:FurnitureFittings 2022-03-01 2023-02-28 07479160 d:FurnitureFittings 2023-02-28 07479160 d:FurnitureFittings 2022-02-28 07479160 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07479160 d:ComputerEquipment 2022-03-01 2023-02-28 07479160 d:ComputerEquipment 2023-02-28 07479160 d:ComputerEquipment 2022-02-28 07479160 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07479160 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07479160 d:CurrentFinancialInstruments 2023-02-28 07479160 d:CurrentFinancialInstruments 2022-02-28 07479160 d:Non-currentFinancialInstruments 2023-02-28 07479160 d:Non-currentFinancialInstruments 2022-02-28 07479160 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07479160 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 07479160 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 07479160 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 07479160 d:ShareCapital 2023-02-28 07479160 d:ShareCapital 2022-02-28 07479160 d:RetainedEarningsAccumulatedLosses 2023-02-28 07479160 d:RetainedEarningsAccumulatedLosses 2022-02-28 07479160 c:OrdinaryShareClass1 2022-03-01 2023-02-28 07479160 c:OrdinaryShareClass1 2023-02-28 07479160 c:OrdinaryShareClass1 2022-02-28 07479160 c:OrdinaryShareClass2 2022-03-01 2023-02-28 07479160 c:OrdinaryShareClass2 2023-02-28 07479160 c:OrdinaryShareClass2 2022-02-28 07479160 c:FRS102 2022-03-01 2023-02-28 07479160 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07479160 c:FullAccounts 2022-03-01 2023-02-28 07479160 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07479160 d:WithinOneYear 2023-02-28 07479160 d:WithinOneYear 2022-02-28 07479160 d:BetweenOneFiveYears 2023-02-28 07479160 d:BetweenOneFiveYears 2022-02-28 07479160 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 07479160 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 07479160 d:OtherDeferredTax 2023-02-28 07479160 d:OtherDeferredTax 2022-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07479160









THE CAMBRIDGE DINING COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
THE CAMBRIDGE DINING COMPANY LIMITED
REGISTERED NUMBER: 07479160

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
261,927
256,936

  
261,927
256,936

Current assets
  

Stocks
  
26,782
12,596

Debtors: amounts falling due within one year
 5 
123,786
73,979

Cash at bank and in hand
  
458,010
285,223

  
608,578
371,798

Creditors: amounts falling due within one year
 6 
(505,412)
(506,471)

Net current assets/(liabilities)
  
 
 
103,166
 
 
(134,673)

Total assets less current liabilities
  
365,093
122,263

Creditors: amounts falling due after more than one year
 7 
(150,796)
(205,716)

Provisions for liabilities
  

Deferred tax
 8 
(7,702)
(4,477)

  
 
 
(7,702)
 
 
(4,477)

Net assets/(liabilities)
  
206,595
(87,930)


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
205,595
(88,930)

  
206,595
(87,930)


Page 1

 
THE CAMBRIDGE DINING COMPANY LIMITED
REGISTERED NUMBER: 07479160
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 November 2023.




................................................
S E Day
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE CAMBRIDGE DINING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

The principal activity of the company in the year under review was that of catering and event planning.
The company is a private company limited by shares, incorporated in England and Wales.
The trading address of the company is Unit 5 Button End, Harston, Cambridge, Cambridgeshire, United Kingdom, CB22 7GX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue represents income from event planning and catering services, net of value added tax and trade discounts. Revenue in respect of events is recognised on the event date, with income received in advance of this being included as deferred revenue within other creditors.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the rates detailed below.

Depreciation is provided on the following basis:

Freehold property
-
2%
on a straight line basis
Long-term leasehold property
-
2%
on a straight line basis
Property improvements
-
15%
on a reducing balance basis
Plant and machinery
-
20%
on a reducing balance basis
Fixtures and fittings
-
20%
on a reducing balance basis
Computer equipment
-
33%
on a straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
THE CAMBRIDGE DINING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

  
2.5

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest..
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
During 2020 the Company benefited from the government Coronavirus Job Retention Scheme. These grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
THE CAMBRIDGE DINING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 50 (2022 - 30).

Page 5

 
THE CAMBRIDGE DINING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Land and Buildings
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2022
322,836
81,440
11,272
11,957
427,505


Additions
4,340
9,689
5,549
3,755
23,333



At 28 February 2023

327,176
91,129
16,821
15,712
450,838



Depreciation


At 1 March 2022
93,486
58,017
7,745
11,322
170,570


Charge for the year on owned assets
11,572
4,790
904
1,075
18,341



At 28 February 2023

105,058
62,807
8,649
12,397
188,911



Net book value



At 28 February 2023
222,118
28,322
8,172
3,315
261,927



At 28 February 2022
229,350
23,424
3,527
635
256,936

Page 6

 
THE CAMBRIDGE DINING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
64,519
43,033

Other debtors
56,312
20,839

Prepayments and accrued income
2,955
10,107

123,786
73,979



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
54,494
51,040

Other loans
327
327

Trade creditors
65,906
14,161

Corporation tax
83,093
18,794

Other taxation and social security
66,361
36,011

Other creditors
132,475
143,836

Accruals and deferred income
102,756
242,302

505,412
506,471


Page 7

 
THE CAMBRIDGE DINING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
150,796
205,716

150,796
205,716


The bank loans are secured by a fixed and floating charge over the assets of the company. 

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2023
2022
£
£


Repayable by instalments
-
2,846

-
2,846

The loan is repayable in monthly installments, interest is accruing at 2.85%. 

Page 8

 
THE CAMBRIDGE DINING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Deferred taxation




2023


£






At beginning of year
(4,477)


Charged to profit or loss
(3,225)



At end of year
(7,702)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(7,885)
(4,477)

Other short term timing differences
183
-

(7,702)
(4,477)


9.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



25,000 (2022 - 25,000) A Ordinary shares of £0.01 each
250
250
75,000 (2022 - 75,000) Ordinary shares of £0.01 each
750
750

1,000

1,000



10.


Commitments under operating leases

At 28 February 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
28,208
18,166

Later than 1 year and not later than 5 years
44,439
60,264

72,647
78,430

 
Page 9