Registered number
12633752
PIONEER CATERING LIMITED
Filleted Accounts
31 August 2023
PIONEER CATERING LIMITED
Registered number: 12633752
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 26,353 30,390
Current assets
Debtors 4 26,098 65,102
Cash at bank and in hand 15,532 -
41,630 65,102
Creditors: amounts falling due within one year 5 (24,219) (51,525)
Net current assets 17,411 13,577
Net assets 43,764 43,967
Capital and reserves
Called up share capital 2 2
Profit and loss account 43,762 43,965
Shareholders' funds 43,764 43,967
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D McCaffrey
Director
Approved by the board on 5 April 2024
PIONEER CATERING LIMITED
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 11
3 Tangible fixed assets
Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 September 2022 28,692 5,840 34,532
At 31 August 2023 28,692 5,840 34,532
Depreciation
At 1 September 2022 2,974 1,168 4,142
Charge for the year 2,869 1,168 4,037
At 31 August 2023 5,843 2,336 8,179
Net book value
At 31 August 2023 22,849 3,504 26,353
At 31 August 2022 25,718 4,672 30,390
4 Debtors 2023 2022
£ £
Trade debtors 23,263 65,100
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,500 -
Other debtors 335 2
26,098 65,102
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 3,705
Trade creditors 400 5,406
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 10,000
Taxation and social security costs 23,819 32,414
24,219 51,525
6 Other information
PIONEER CATERING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
2 Delaware Road
Haywards Heath
West Sussex
RH16 3UX
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