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
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
CO Dining Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
269,466
367,835
Cash at bank and in hand
51,380
150,626
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
Net liabilities
(125,466)
(22,312)
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
CO Dining Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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
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
At 28 February 2023
42,314
225,963
1,189
269,466
At 28 February 2022
69,526
296,216
2,093
367,835
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
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
76,000
25,333
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)
Deferred income
56,729
88,034
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
202,667
329,333
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
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)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short term loan
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).