0
30/06/2023
2023-06-30
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
true
false
No description of principal activities is disclosed
2022-07-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
02824757
2022-07-01
2023-06-30
02824757
2023-06-30
02824757
2022-06-30
02824757
2022-06-30
02824757
core:FurnitureFittingsToolsEquipment
2022-07-01
2023-06-30
02824757
core:MotorVehicles
2022-07-01
2023-06-30
02824757
bus:RegisteredOffice
2022-07-01
2023-06-30
02824757
bus:OrdinaryShareClass1
2022-07-01
2023-06-30
02824757
bus:OrdinaryShareClass2
2022-07-01
2023-06-30
02824757
bus:OrdinaryShareClass3
2022-07-01
2023-06-30
02824757
bus:LeadAgentIfApplicable
2022-07-01
2023-06-30
02824757
bus:Director1
2022-07-01
2023-06-30
02824757
bus:Director2
2022-07-01
2023-06-30
02824757
bus:Director3
2022-07-01
2023-06-30
02824757
bus:Director4
2022-07-01
2023-06-30
02824757
bus:Director5
2022-07-01
2023-06-30
02824757
bus:Director6
2022-07-01
2023-06-30
02824757
bus:Director7
2022-07-01
2023-06-30
02824757
bus:Director8
2022-07-01
2023-06-30
02824757
bus:CompanySecretary1
2022-07-01
2023-06-30
02824757
core:LandBuildings
core:ShortLeaseholdAssets
2022-06-30
02824757
core:FurnitureFittingsToolsEquipment
2022-06-30
02824757
core:MotorVehicles
2022-06-30
02824757
core:LandBuildings
core:ShortLeaseholdAssets
2023-06-30
02824757
core:FurnitureFittingsToolsEquipment
2023-06-30
02824757
core:MotorVehicles
2023-06-30
02824757
core:WithinOneYear
2023-06-30
02824757
core:WithinOneYear
2022-06-30
02824757
core:ShareCapital
2023-06-30
02824757
core:ShareCapital
2022-06-30
02824757
core:RetainedEarningsAccumulatedLosses
2023-06-30
02824757
core:RetainedEarningsAccumulatedLosses
2022-06-30
02824757
bus:OrdinaryShareClass1
core:ShareCapital
2023-06-30
02824757
bus:OrdinaryShareClass1
core:ShareCapital
2022-06-30
02824757
bus:OrdinaryShareClass2
core:ShareCapital
2023-06-30
02824757
bus:OrdinaryShareClass2
core:ShareCapital
2022-06-30
02824757
bus:OrdinaryShareClass3
core:ShareCapital
2023-06-30
02824757
bus:OrdinaryShareClass3
core:ShareCapital
2022-06-30
02824757
core:BetweenOneFiveYears
2023-06-30
02824757
core:BetweenOneFiveYears
2022-06-30
02824757
core:LandBuildings
core:ShortLeaseholdAssets
2022-07-01
2023-06-30
02824757
core:LandBuildings
core:ShortLeaseholdAssets
2022-06-30
02824757
core:FurnitureFittingsToolsEquipment
2022-06-30
02824757
bus:SmallEntities
2022-07-01
2023-06-30
02824757
bus:AuditExemptWithAccountantsReport
2022-07-01
2023-06-30
02824757
bus:FullAccounts
2022-07-01
2023-06-30
02824757
bus:SmallCompaniesRegimeForAccounts
2022-07-01
2023-06-30
02824757
bus:PrivateLimitedCompanyLtd
2022-07-01
2023-06-30
Company registration number:
02824757
Mortons Catering Limited
Unaudited filleted financial statements
for the year ended
30 June 2023
Prepared by:
THOMAS NOCK MARTIN LIMITED
CHARTERED ACCOUNTANTS
BRIERLEY HILL
Mortons Catering Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Mortons Catering Limited
Directors and other information
|
|
|
|
|
Directors |
Paul Salisbury |
|
|
|
Paul Hales |
|
|
|
Susan Salisbury |
|
|
|
Alison Hales |
|
|
|
Sebastien Salisbury |
|
|
|
Joseph Salisbury |
|
|
|
Thomas Hales |
|
|
|
Phoebe Hales |
(Appointed 19 April 2023) |
|
|
|
|
|
|
|
|
|
Secretary |
Paul Salisbury |
|
|
|
|
|
|
|
|
|
|
Company number |
02824757 |
|
|
|
|
|
|
|
|
|
|
Registered office |
5 Hagley Court South |
|
|
|
The Waterfront |
|
|
|
Brierley Hill |
|
|
|
West Midlands |
|
|
|
DY5 1XE |
|
|
|
|
|
|
|
|
|
|
Business address |
Warwick Road |
|
|
|
Chadwick End |
|
|
|
Warwickshire |
|
|
|
B93 0BN |
|
|
|
|
|
|
|
|
|
|
Accountants |
Thomas Nock Martin Limited |
|
|
|
5 Hagley Court South |
|
|
|
The Waterfront |
|
|
|
Brierley Hill |
|
|
|
West Midlands |
|
|
|
DY5 1XE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers |
Lloyds Bank plc |
|
|
Colmore Row |
|
|
Birmingham |
|
|
B3 3BD |
|
|
|
Mortons Catering Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Mortons Catering Limited
Year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mortons Catering Limited for the year ended 30 June 2023 which comprise the statement of financial position and 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 Mortons Catering Limited, as a body, in accordance with the terms of our engagement letter dated 5 March 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Mortons Catering Limited and state those matters that we have agreed to state to the board of directors of Mortons Catering 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 Mortons Catering Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Mortons Catering 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 profit of Mortons Catering Limited. You consider that Mortons Catering Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Mortons Catering 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.
Thomas Nock Martin Limited
Chartered Accountants
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
19 February 2024
Mortons Catering Limited
Statement of financial position
30 June 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
40,921 |
|
|
|
45,806 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
40,921 |
|
|
|
45,806 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
18,520 |
|
|
|
17,398 |
|
|
Debtors |
|
6 |
26,877 |
|
|
|
59,872 |
|
|
Cash at bank and in hand |
|
|
784,185 |
|
|
|
681,510 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
829,582 |
|
|
|
758,780 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
337,817) |
|
|
|
(
331,683) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
491,765 |
|
|
|
427,097 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
532,686 |
|
|
|
472,903 |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
9,600) |
|
|
|
(
10,700) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
523,086 |
|
|
|
462,203 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
8 |
|
|
4 |
|
|
|
4 |
Profit and loss account |
|
|
|
|
523,082 |
|
|
|
462,199 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
523,086 |
|
|
|
462,203 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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 statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 February 2024
, and are signed on behalf of the board by:
Paul Salisbury
Director
Company registration number:
02824757
Mortons Catering Limited
Notes to the financial statements
Year ended 30 June 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Hagley Court South, The Waterfront, Brierley Hill, West Midlands, DY5 1XE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents total takings, excluding value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight line basis
.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
|
|
|
|
|
|
Leasehold improvements |
- |
Straight line over the life of the lease |
|
|
Fixtures, fittings and equipment |
- |
15 % |
straight line |
|
Motor vehicles |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors, trade creditors, other debtors and creditors.Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expenses in the period in which the related service is provided.
4.
Employee numbers
Staff are employed by Mortons Bar & Grill Limited a related company. The charge in the accounts represents recharges of wages, national insurance and pension costs during the year.
5.
Tangible assets
|
|
Short leasehold property |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 July 2022 |
133,561 |
169,977 |
11,335 |
314,873 |
|
|
|
|
Additions |
- |
12,540 |
- |
12,540 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 June 2023 |
133,561 |
182,517 |
11,335 |
327,413 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 July 2022 |
112,169 |
145,563 |
11,335 |
269,067 |
|
|
|
|
Charge for the year |
5,344 |
12,081 |
- |
17,425 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 June 2023 |
117,513 |
157,644 |
11,335 |
286,492 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 June 2023 |
16,048 |
24,873 |
- |
40,921 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 June 2022 |
21,392 |
24,414 |
- |
45,806 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
|
|
|
|
|
Other debtors |
|
26,877 |
59,872 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
|
|
|
|
|
Trade creditors |
|
56,548 |
86,505 |
|
Corporation tax |
|
35,200 |
66,000 |
|
Social security and other taxes |
|
43,888 |
51,130 |
|
Other creditors |
|
202,181 |
128,048 |
|
|
|
_______ |
_______ |
|
|
|
337,817 |
331,683 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Ordinary A shares of £
0.01 each |
|
140 |
|
1.40 |
|
140 |
|
1.40 |
|
Ordinary B shares of £
0.01 each |
|
140 |
|
1.40 |
|
140 |
|
1.40 |
|
Ordinary C to H shares of £
0.01 each |
|
120 |
|
1.20 |
|
120 |
|
1.20 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
400 |
|
4.00 |
|
400 |
|
4.00 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
9.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
Later than 1 year and not later than 5 years |
345,000 |
460,000 |
|
_______ |
_______ |
|
|
|