IRIS Accounts Production v23.3.1.45 01877857 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018778572022-12-31018778572023-12-31018778572023-01-012023-12-31018778572021-12-31018778572022-01-012022-12-31018778572022-12-3101877857ns10:Originalns15:EnglandWales2023-01-012023-12-3101877857ns14:PoundSterlingns10:Original2023-01-012023-12-3101877857ns10:Originalns10:Director12023-01-012023-12-3101877857ns10:Original2023-01-012023-12-3101877857ns10:Originalns10:Director22023-01-012023-12-3101877857ns10:Original2023-12-3101877857ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101877857ns10:Originalns10:SmallEntities2023-01-012023-12-3101877857ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101877857ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101877857ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3101877857ns10:Originalns10:FullAccounts2023-01-012023-12-3101877857ns10:Originalns10:RegisteredOffice2023-01-012023-12-3101877857ns10:Original2022-12-3101877857ns10:Originalns5:CurrentFinancialInstruments2023-12-3101877857ns10:Originalns5:CurrentFinancialInstruments2022-12-3101877857ns5:ShareCapitalns10:Original2023-12-3101877857ns5:ShareCapitalns10:Original2022-12-3101877857ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3101877857ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3101877857ns10:Originalns5:PlantMachinery2023-01-012023-12-3101877857ns10:Originalns5:FurnitureFittings2023-01-012023-12-3101877857ns10:Originalns5:MotorVehicles2023-01-012023-12-3101877857ns10:Originalns5:ComputerEquipment2023-01-012023-12-3101877857ns10:Original2022-01-012022-12-3101877857ns10:Originalns5:PlantMachinery2022-12-3101877857ns10:Originalns5:PlantMachinery2023-12-3101877857ns10:Originalns5:PlantMachinery2022-12-3101877857ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101877857ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-310187785712023-01-012023-12-31
REGISTERED NUMBER: 01877857 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SOUTH COAST CATERING EQUIPMENT LIMITED

SOUTH COAST CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 01877857)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH COAST CATERING EQUIPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P J Barnes
M G Barnes





REGISTERED OFFICE: Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW





REGISTERED NUMBER: 01877857 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

SOUTH COAST CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 01877857)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,870 18,968

CURRENT ASSETS
Stocks 20,000 15,000
Debtors 5 178,451 445,658
Cash at bank and in hand 275,599 27,151
474,050 487,809
CREDITORS
Amounts falling due within one year 6 176,059 244,501
NET CURRENT ASSETS 297,991 243,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,861

262,276

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 311,761 262,176
SHAREHOLDERS' FUNDS 311,861 262,276

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

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

SOUTH COAST CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 01877857)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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 28 February 2024 and were signed on its behalf by:




M G Barnes - Director



P J Barnes - Director


SOUTH COAST CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 01877857)

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

1. STATUTORY INFORMATION

South Coast Catering Equipment Limited 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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 177,254
DEPRECIATION
At 1 January 2023 158,286
Charge for year 5,098
At 31 December 2023 163,384
NET BOOK VALUE
At 31 December 2023 13,870
At 31 December 2022 18,968

SOUTH COAST CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 01877857)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 107,083 361,140
Amounts owed by group undertakings 63,521 65,819
Other debtors 7,847 18,699
178,451 445,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,384 3,299
Trade creditors 101,804 175,794
Taxation and social security 31,491 52,259
Other creditors 41,380 13,149
176,059 244,501

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is a loan from Mr M G Barnes, a director of the company. This loan has no fixed term for repayment.

8. RELATED PARTY DISCLOSURES

Rent payable includes £61,935 (2022: £61,570) in respect of a property owned by the holding company, MGB Holdings Limited.

At the balance sheet date £15,214 (2022: £15,214) was owed by MGB Holdings Limited, the holding company.

At the balance sheet date £47,807 (2022: £50,105) was owed by South Coast Catering (Services) Limited, a subsidiary company of MGB Holdings Limited.

At the balance sheet date £500 (2022: £500) was owed by Hansens Kitchen Equipment Limited, a subsidiary company of MGB Holdings Limited.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of MGB Holdings Limited, a company incorporated in England.

For the year, the company was under the control of Mr M G Barnes the majority shareholder and managing director of MGB Holdings Limited.