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REGISTERED NUMBER: 11632118 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SIMON JOHNSON CATERING LTD
T/A
NANCY'S VINTAGE TEASHOP

SIMON JOHNSON CATERING LTD (REGISTERED NUMBER: 11632118)
T/A NANCY'S VINTAGE TEASHOP






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMON JOHNSON CATERING LTD
T/A NANCY'S VINTAGE TEASHOP

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr S G Johnson





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 11632118 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

SIMON JOHNSON CATERING LTD (REGISTERED NUMBER: 11632118)
T/A NANCY'S VINTAGE TEASHOP

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,975 15,570
Tangible assets 5 8,704 11,196
21,679 26,766

CURRENT ASSETS
Stocks 6 7,390 7,116
Debtors 7 8,644 9,769
Cash at bank and in hand 871 5,923
16,905 22,808
CREDITORS
Amounts falling due within one year 8 44,224 29,795
NET CURRENT LIABILITIES (27,319 ) (6,987 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,640

)

19,779

CREDITORS
Amounts falling due after more than one
year

9

(11,370

)

(21,452

)

PROVISIONS FOR LIABILITIES - (2,127 )
NET LIABILITIES (17,010 ) (3,800 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,110 ) (3,900 )
(17,010 ) (3,800 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SIMON JOHNSON CATERING LTD (REGISTERED NUMBER: 11632118)
T/A NANCY'S VINTAGE TEASHOP

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 26 March 2024 and were signed by:





Mr S G Johnson - Director


SIMON JOHNSON CATERING LTD (REGISTERED NUMBER: 11632118)
T/A NANCY'S VINTAGE TEASHOP

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

1. STATUTORY INFORMATION

Simon Johnson 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Fixtures and fittings - 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.

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.

SIMON JOHNSON CATERING LTD (REGISTERED NUMBER: 11632118)
T/A NANCY'S VINTAGE TEASHOP

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the 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 leased asset are consumed.

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 8 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 25,950
AMORTISATION
At 1 November 2022 10,380
Amortisation for year 2,595
At 31 October 2023 12,975
NET BOOK VALUE
At 31 October 2023 12,975
At 31 October 2022 15,570

SIMON JOHNSON CATERING LTD (REGISTERED NUMBER: 11632118)
T/A NANCY'S VINTAGE TEASHOP

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 3,642 50,000 229 53,871
Additions 458 - - 458
Disposals (120 ) - - (120 )
At 31 October 2023 3,980 50,000 229 54,209
DEPRECIATION
At 1 November 2022 1,822 40,625 228 42,675
Charge for year 555 2,344 - 2,899
Eliminated on disposal (69 ) - - (69 )
At 31 October 2023 2,308 42,969 228 45,505
NET BOOK VALUE
At 31 October 2023 1,672 7,031 1 8,704
At 31 October 2022 1,820 9,375 1 11,196

6. STOCKS
2023 2022
£    £   
Stocks 7,390 7,116

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,272 -
Other debtors 2,000 2,216
Director's current account 4,783 6,995
Corporation tax 354 -
Prepayments 235 558
8,644 9,769

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,178 4,987
Trade creditors 2,974 2,585
Corporation tax - 354
Social security and other taxes 10,836 12,407
Other creditors 6,937 6,139
Accrued expenses 3,299 3,323
44,224 29,795

SIMON JOHNSON CATERING LTD (REGISTERED NUMBER: 11632118)
T/A NANCY'S VINTAGE TEASHOP

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,584 4,987
Bank loans - 2-5 years 2,586 9,365
Other creditors 3,200 7,100
11,370 21,452

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 25,513 24,010
Between one and five years 98,795 96,040
In more than five years 2,011 26,011
126,319 146,061

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr S G Johnson
Balance outstanding at start of year 6,995 14,607
Amounts advanced 6,166 6,524
Amounts repaid (8,378 ) (14,136 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,783 6,995

The loan will be repaid within nine months of the year end.