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REGISTERED NUMBER: 07883211 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

EMBANKMENT CATERING LTD

EMBANKMENT CATERING LTD (REGISTERED NUMBER: 07883211)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


EMBANKMENT CATERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr P C E Appleton
Mrs A J Appleton



REGISTERED OFFICE: c/o Michael Heaven & Associates Limited
47 Calthorpe Road
Edgbaston
BIRMINGHAM
West Midlands
B15 1TH



REGISTERED NUMBER: 07883211 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



INCORPORATED: 15th December 2011

EMBANKMENT CATERING LTD (REGISTERED NUMBER: 07883211)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,835 11,635

CURRENT ASSETS
Stocks 500 500
Debtors 2,360 1,761
Cash at bank 7,940 12,355
10,800 14,616
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

30,601

20,864
NET CURRENT LIABILITIES (19,801 ) (6,248 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,966

)

5,387

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR

(3,115

)

(5,317

)

PROVISIONS FOR LIABILITIES 7 (180 ) (2,047 )
NET LIABILITIES (9,261 ) (1,977 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (9,361 ) (2,077 )
SHAREHOLDERS' FUNDS (9,261 ) (1,977 )

EMBANKMENT CATERING LTD (REGISTERED NUMBER: 07883211)

ABRIDGED BALANCE SHEET - continued
31ST DECEMBER 2023


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

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21st February 2024 and were signed on its behalf by:




Mr P C E Appleton - Director



Mrs A J Appleton - Director


EMBANKMENT CATERING LTD (REGISTERED NUMBER: 07883211)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Embankment Catering Ltd 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.

Going concern
At the year end the company shows an insolvent balance sheet. The company meets it day to day working capital requirements through the support of its directors who have undertaken that this support will not be withdrawn within twelve months from the date of signature of these financial statements. On this basis the directors consider it appropriate to prepare these accounts on a going concern basis.

Turnover
Turnover represents the value of goods and services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and Machinery: 20% straight line.
Fixtures and fittings 20% straight line.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans from related parties.


EMBANKMENT CATERING LTD (REGISTERED NUMBER: 07883211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

EMBANKMENT CATERING LTD (REGISTERED NUMBER: 07883211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 28,702
Additions 8,088
At 31st December 2023 36,790
DEPRECIATION
At 1st January 2023 17,067
Charge for year 5,888
At 31st December 2023 22,955
NET BOOK VALUE
At 31st December 2023 13,835
At 31st December 2022 11,635

5. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans less than 1 yr 2,197 2,195

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,198 2,200

Amounts falling due between two and five years:
Bank loans - 2-5 years 917 3,117

EMBANKMENT CATERING LTD (REGISTERED NUMBER: 07883211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 4,225 4,225
Between one and five years 5,985 -
10,210 4,225

The total lease payments recognised as an expense during the year were £4,225.

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 180 2,047

Deferred
tax
£   
Balance at 1st January 2023 2,047
Accelerated capital allowances (1,867 )
Balance at 31st December 2023 180

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary 'A' £1 50 50
50 Ordinary 'B' £1 50 50
100 100

EMBANKMENT CATERING LTD (REGISTERED NUMBER: 07883211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


9. RELATED PARTY DISCLOSURES

At the year end the amount due to the directors totalled £28,369 (2022- £18,069). The loan is interest free and repayable on demand.