Company Registration No. 11472538 (England and Wales)
BLUE SKY CATERING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2022
PAGES FOR FILING WITH REGISTRAR
BLUE SKY CATERING SERVICES LIMITED
COMPANY INFORMATION
Director
Mr R P McGillicuddy
Company number
11472538
Registered office
Unit E
Moor Street
Brierley Hill
DY5 3TG
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank
79 High Street
Chesham
HP5 1DE
BLUE SKY CATERING SERVICES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
BLUE SKY CATERING SERVICES LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BLUE SKY CATERING SERVICES LIMITED FOR THE PERIOD ENDED 30 JULY 2022
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blue Sky Catering Services Limited for the period ended 30 July 2022 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Blue Sky Catering Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Sky Catering Services Limited and state those matters that we have agreed to state to the Board of Directors of Blue Sky Catering Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Sky Catering Services Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Blue Sky Catering Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Blue Sky Catering Services Limited. You consider that Blue Sky Catering Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Blue Sky Catering Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
1 February 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
BLUE SKY CATERING SERVICES LIMITED
BALANCE SHEET
AS AT 30 JULY 2022
30 July 2022
- 2 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
23,616
23,615
Current assets
Stocks
28,361
28,361
Debtors
4
7,466
7,466
Cash at bank and in hand
3,514
3,514
39,341
39,341
Creditors: amounts falling due within one year
5
(22,377)
(22,376)
Net current assets
16,964
16,965
Total assets less current liabilities
40,580
40,580
Creditors: amounts falling due after more than one year
6
(23,556)
(23,556)
Provisions for liabilities
8
(4,487)
(4,487)
Net assets
12,537
12,537
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
12,437
12,437
Total equity
12,537
12,537

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

BLUE SKY CATERING SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JULY 2022
30 July 2022
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 1 February 2024.
Mr R P McGillicuddy
Director
Company Registration No. 11472538
BLUE SKY CATERING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2022
- 4 -
1
Accounting policies
Company information

Blue Sky Catering Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit E, Moor Street, Brierley Hill, DY5 3TG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on reducing balance
Motor vehicles
20% on reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

BLUE SKY CATERING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2022
1
Accounting policies
(Continued)
- 5 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

BLUE SKY CATERING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2022
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 1 (2021 - 1).

3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 August 2021 and 30 July 2022
17,335
16,000
33,335
Depreciation and impairment
At 1 August 2021 and 30 July 2022
6,031
3,688
9,719
Carrying amount
At 30 July 2022
11,304
12,312
23,616
At 31 July 2021
11,303
12,312
23,615

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

2022
2021
£
£
Plant and equipment
-
0
922
Motor vehicles
-
0
12,312
-
13,234
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
7,466
7,466
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
2,222
2,222
Trade creditors
8,151
8,151
Taxation and social security
2,960
2,960
Other creditors
9,044
9,043
22,377
22,376
BLUE SKY CATERING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2022
- 7 -
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
17,407
17,407
Other creditors
6,149
6,149
23,556
23,556
7
Secured debts
The following secured debts are included within creditors:
2022
2021
£
£
Hire purchase contracts
9,011
9,011
Bank loans
19,629
19,629
28,640
28,640
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a government-backed guarantee.
8
Provisions for liabilities
2022
2021
£
£
Deferred tax liabilities
4,487
4,487
9
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
100
100

 

10
Ultimate controlling party

The ultimate controlling party is Mr R P McGillicuddy.

2022-07-302021-08-01false01 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr R P McGillicuddyfalse114725382021-08-012022-07-3011472538bus:Director12021-08-012022-07-3011472538bus:RegisteredOffice2021-08-012022-07-3011472538bus:Agent12021-08-012022-07-30114725382022-07-30114725382021-07-3111472538core:FurnitureFittings2022-07-3011472538core:MotorVehicles2022-07-3011472538core:FurnitureFittings2021-07-3111472538core:MotorVehicles2021-07-3111472538core:CurrentFinancialInstruments2022-07-3011472538core:CurrentFinancialInstruments2021-07-3111472538core:Non-currentFinancialInstruments2022-07-3011472538core:Non-currentFinancialInstruments2021-07-3111472538core:ShareCapital2022-07-3011472538core:ShareCapital2021-07-3111472538core:RetainedEarningsAccumulatedLosses2022-07-3011472538core:RetainedEarningsAccumulatedLosses2021-07-3111472538core:ShareCapitalOrdinaryShares2022-07-3011472538core:ShareCapitalOrdinaryShares2021-07-3111472538core:FurnitureFittings2021-08-012022-07-3011472538core:MotorVehicles2021-08-012022-07-3011472538core:FurnitureFittings2021-07-3111472538core:MotorVehicles2021-07-31114725382021-07-3111472538core:PlantMachinery2022-07-3011472538core:PlantMachinery2021-07-3111472538bus:OrdinaryShareClass12021-08-012022-07-3011472538bus:OrdinaryShareClass12022-07-3011472538bus:PrivateLimitedCompanyLtd2021-08-012022-07-3011472538bus:SmallCompaniesRegimeForAccounts2021-08-012022-07-3011472538bus:FRS1022021-08-012022-07-3011472538bus:AuditExemptWithAccountantsReport2021-08-012022-07-3011472538bus:FullAccounts2021-08-012022-07-30xbrli:purexbrli:sharesiso4217:GBP