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Company Registration No. 10594500 (England and Wales)
CO Dining Ltd Unaudited accounts for the year ended 28 February 2023
CO Dining Ltd Unaudited accounts Contents
Page
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CO Dining Ltd Company Information for the year ended 28 February 2023
Directors
Elizabeth Cottam Mark Owens
Company Number
10594500 (England and Wales)
Registered Office
4 Lidgett Lane Garforth Leeds LS25 1EQ
Accountants
Business Works UK Ltd 4 Lidgett Lane Garforth Leeds West Yorkshire LS25 1EQ
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CO Dining Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
269,466 
367,835 
Current assets
Inventories
11,507 
5,000 
Debtors
34,139 
40,942 
Cash at bank and in hand
51,380 
150,626 
97,026 
196,568 
Creditors: amounts falling due within one year
(267,559)
(257,382)
Net current liabilities
(170,533)
(60,814)
Total assets less current liabilities
98,933 
307,021 
Creditors: amounts falling due after more than one year
(202,667)
(329,333)
Provisions for liabilities
Deferred tax
(21,732)
- 
Net liabilities
(125,466)
(22,312)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(125,566)
(22,412)
Shareholders' funds
(125,466)
(22,312)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by
Elizabeth Cottam Director Company Registration No. 10594500
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CO Dining Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
CO Dining Ltd is a private company, limited by shares, registered in England and Wales, registration number 10594500. The registered office is 4 Lidgett Lane, Garforth, Leeds, LS25 1EQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Fixtures & fittings
15% straight line
Computer equipment
33% straight line
Other tangible fixed assets
10% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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CO Dining Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
119,281 
358,417 
12,925 
490,623 
Additions
1,399 
10,544 
496 
12,439 
Disposals
- 
(21,106)
- 
(21,106)
At 28 February 2023
120,680 
347,855 
13,421 
481,956 
Depreciation
At 1 March 2022
49,755 
62,201 
10,832 
122,788 
Charge for the year
28,611 
68,265 
1,400 
98,276 
On disposals
- 
(8,574)
- 
(8,574)
At 28 February 2023
78,366 
121,892 
12,232 
212,490 
Net book value
At 28 February 2023
42,314 
225,963 
1,189 
269,466 
At 28 February 2022
69,526 
296,216 
2,093 
367,835 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
25,774 
24,353 
Deferred tax asset
4,796 
Accrued income and prepayments
7,744 
1,974 
Other debtors
621 
9,819 
34,139 
40,942 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
76,000 
25,333 
VAT
28,740 
13,073 
Trade creditors
67,893 
48,142 
Taxes and social security
14,673 
15,450 
Other creditors
15,254 
20,183 
Loans from directors
(4,020)
(1,123)
Accruals
12,290 
48,290 
Deferred income
56,729 
88,034 
267,559 
257,382 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
202,667 
329,333 
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CO Dining Ltd Notes to the Accounts for the year ended 28 February 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
(10,866)
(19,958)
Tax losses carried forward
32,598 
15,162 
21,732 
(4,796)
2023 
2022 
£ 
£ 
Provision at start of year
(4,796)
7,023 
Charged/(credited) to the profit and loss account
26,528 
(11,819)
Provision at end of year
21,732 
(4,796)
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Short term loan
1,930 
9,478 
6,580 
4,828 
1,930 
9,478 
6,580 
4,828 
10
Average number of employees
During the year the average number of employees was 31 (2022: 19).
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