5 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 07425904 2022-06-01 2023-05-31 07425904 2023-05-31 07425904 2022-05-31 07425904 2021-06-01 2022-05-31 07425904 2022-05-31 07425904 bus:Director3 2022-06-01 2023-05-31 07425904 core:WithinOneYear 2023-05-31 07425904 core:WithinOneYear 2022-05-31 07425904 core:ShareCapital 2023-05-31 07425904 core:ShareCapital 2022-05-31 07425904 core:RetainedEarningsAccumulatedLosses 2023-05-31 07425904 core:RetainedEarningsAccumulatedLosses 2022-05-31 07425904 bus:Director3 2021-05-31 07425904 bus:Director3 2021-06-01 2022-05-31 07425904 bus:SmallEntities 2022-06-01 2023-05-31 07425904 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 07425904 bus:AbridgedAccounts 2022-06-01 2023-05-31 07425904 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 07425904 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 07425904
APT Catering Ltd
Filleted Unaudited Abridged Financial Statements
31 May 2023
APT Catering Ltd
Abridged Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
2,679
3,571
Current assets
Cash at bank and in hand
13,657
24,777
Creditors: amounts falling due within one year
26,302
30,356
--------
--------
Net current liabilities
12,645
5,579
--------
-------
Total assets less current liabilities
( 9,966)
( 2,008)
-------
-------
Capital and reserves
Called up share capital
300
300
Profit and loss account
( 10,266)
( 2,308)
--------
-------
Shareholders deficit
( 9,966)
( 2,008)
--------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.
APT Catering Ltd
Abridged Statement of Financial Position (continued)
31 May 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 15 February 2024 , and are signed on behalf of the board by:
Mr R McGeown
Director
Company registration number: 07425904
APT Catering Ltd
Notes to the Abridged Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Couchs Great House, Saxon Bridge, Polperro, PL13 2QT.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 5 ).
5. Tangible assets
£
Cost
At 1 June 2022 and 31 May 2023
6,863
-------
Depreciation
At 1 June 2022
3,292
Charge for the year
892
-------
At 31 May 2023
4,184
-------
Carrying amount
At 31 May 2023
2,679
-------
At 31 May 2022
3,571
-------
6. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr R McGeown
----
----
----
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr R McGeown
( 3,698)
3,698
-------
-------
----
7. Related party transactions
The company was under the control of Mr R McGeown throughout the current year and Mr N Gunn in the previous year. Mr R McGeown is the managing director. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.