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REGISTERED NUMBER: 09682232 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st August 2023

for

Catering Partnership Limited

Catering Partnership Limited (Registered number: 09682232)






Contents of the Financial Statements
for the year ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Catering Partnership Limited

Company Information
for the year ended 31st August 2023







DIRECTORS: Mr G J Heath
Mrs D C Southworth





REGISTERED OFFICE: 382 Dunkirk Lane
Leyland
Preston
Lancashire
PR26 7SY





REGISTERED NUMBER: 09682232 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Catering Partnership Limited (Registered number: 09682232)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,529 26,296
Tangible assets 5 32,793 42,058
50,322 68,354

CURRENT ASSETS
Stocks 42,289 144,630
Debtors 6 168,768 58,752
Cash at bank 42,449 -
253,506 203,382
CREDITORS
Amounts falling due within one year 7 189,869 205,028
NET CURRENT ASSETS/(LIABILITIES) 63,637 (1,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,959

66,708

CREDITORS
Amounts falling due after more than one
year

8

(37,104

)

(51,735

)

PROVISIONS FOR LIABILITIES (7,057 ) (7,991 )
NET ASSETS 69,798 6,982

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,698 6,882
SHAREHOLDERS' FUNDS 69,798 6,982

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

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

Catering Partnership Limited (Registered number: 09682232)

Balance Sheet - continued
31st August 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 Board of Directors and authorised for issue on 27th November 2023 and were signed on its behalf by:





Mr G J Heath - Director


Catering Partnership Limited (Registered number: 09682232)

Notes to the Financial Statements
for the year ended 31st August 2023

1. STATUTORY INFORMATION

Catering Partnership 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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.

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 etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Catering Partnership Limited (Registered number: 09682232)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2022
and 31st August 2023 87,665
AMORTISATION
At 1st September 2022 61,369
Charge for year 8,767
At 31st August 2023 70,136
NET BOOK VALUE
At 31st August 2023 17,529
At 31st August 2022 26,296

Catering Partnership Limited (Registered number: 09682232)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2022 130,982
Additions 1,666
At 31st August 2023 132,648
DEPRECIATION
At 1st September 2022 88,924
Charge for year 10,931
At 31st August 2023 99,855
NET BOOK VALUE
At 31st August 2023 32,793
At 31st August 2022 42,058

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

Plant and
machinery
etc
£   
COST
At 1st September 2022
and 31st August 2023 35,627
DEPRECIATION
At 1st September 2022 20,284
Charge for year 4,071
At 31st August 2023 24,355
NET BOOK VALUE
At 31st August 2023 11,272
At 31st August 2022 15,343

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 168,768 58,752

Catering Partnership Limited (Registered number: 09682232)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,949 12,813
Hire purchase contracts (see note 9) 8,682 8,681
Trade creditors 90,226 124,162
Taxation and social security 75,153 32,541
Other creditors 9,859 26,831
189,869 205,028

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 34,210 40,159
Hire purchase contracts (see note 9) 2,894 11,576
37,104 51,735

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,362 16,362

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 8,682 8,681
Between one and five years 2,894 11,576
11,576 20,257

The company has a lease commitment that expires in May 2025 which gives rise to a maximum annual commitment of £29,068 (2022 - £29,068).

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 11,576 20,257

No security has been provided in respect of the bank loan of £40,159 (2022 - £46,108), security has been provided on the bank overdraft of £0 (2022 - £6,864).

Catering Partnership Limited (Registered number: 09682232)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

11. RELATED PARTY DISCLOSURES

The directors are also directors of Northern Shire Facilities Management Limited and Northern Shire Holdings Limited, and are the controlling shareholders of these companies.

As at the year end the company owed Northern Shire Facilities Management Limited £7,714 in the form of a loan, no interest has been charged on this (2022 - £20,833 and nil).

The company is a 100% subsidiary of Northern Shire Holdings Limited.

As at the year end the company owed Northern Shire Holdings Limited £120 in the form of a loan, no interest has been charged on this (2022 - £120 and nil).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G J Heath.