0 false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07766742 2022-10-01 2023-09-30 07766742 2023-09-30 07766742 2022-09-30 07766742 2021-10-01 2022-09-30 07766742 2022-09-30 07766742 2021-09-30 07766742 core:PlantMachinery 2022-10-01 2023-09-30 07766742 core:MotorVehicles 2022-10-01 2023-09-30 07766742 bus:Director1 2022-10-01 2023-09-30 07766742 core:PlantMachinery 2022-09-30 07766742 core:MotorVehicles 2022-09-30 07766742 core:WithinOneYear 2023-09-30 07766742 core:WithinOneYear 2022-09-30 07766742 core:AfterOneYear 2023-09-30 07766742 core:AfterOneYear 2022-09-30 07766742 core:ShareCapital 2023-09-30 07766742 core:ShareCapital 2022-09-30 07766742 core:RetainedEarningsAccumulatedLosses 2023-09-30 07766742 core:RetainedEarningsAccumulatedLosses 2022-09-30 07766742 core:PlantMachinery 2022-09-30 07766742 core:MotorVehicles 2022-09-30 07766742 bus:Director1 2023-09-30 07766742 bus:SmallEntities 2022-10-01 2023-09-30 07766742 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 07766742 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 07766742 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07766742 bus:FullAccounts 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 07766742
The Table Services Limited
Filleted Unaudited Financial Statements
30 September 2023
The Table Services Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
78,925
Current assets
Debtors
5
53,000
53,000
Investments
6
776,124
771,824
Cash at bank and in hand
31
65
---------
---------
829,155
824,889
Creditors: amounts falling due within one year
7
785,106
795,060
---------
---------
Net current assets
44,049
29,829
--------
---------
Total assets less current liabilities
44,049
108,754
Creditors: amounts falling due after more than one year
8
40,769
127,701
--------
---------
Net assets/(liabilities)
3,280
( 18,947)
--------
---------
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss account
( 6,720)
( 28,947)
--------
--------
Shareholder funds/(deficit)
3,280
( 18,947)
--------
--------
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.
For the year ending 30 September 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 member has not required the company to obtain an audit of its 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 financial statements .
The Table Services Limited
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 27 March 2024 , and are signed on behalf of the board by:
Mr Payne
Director
Company registration number: 07766742
The Table Services Limited
Notes to the Financial Statements
Year ended 30 September 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 JUBILEE HOUSE, TOWNSEND LANE, NW9 8TZ, LONDON.
2. Statement of compliance
These 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 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.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant and Machiery
-
33% straight line
Motor Vehicle
-
33% straight line
Equipment
-
33 % straight line
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 October 2022
6,083
95,930
101,215
203,228
Disposals
( 6,083)
( 95,930)
( 101,215)
( 203,228)
-------
--------
---------
---------
At 30 September 2023
-------
--------
---------
---------
Depreciation
At 1 October 2022
5,293
64,784
54,226
124,303
Charge for the year
790
20,122
23,396
44,308
Disposals
( 6,083)
( 84,906)
( 77,622)
( 168,611)
-------
--------
---------
---------
At 30 September 2023
-------
--------
---------
---------
Carrying amount
At 30 September 2023
-------
--------
---------
---------
At 30 September 2022
790
31,146
46,989
78,925
-------
--------
---------
---------
5. Debtors
2023
2022
£
£
Other debtors
53,000
53,000
--------
--------
6. Investments
2023
2022
£
£
Investments in group undertakings
776,124
771,824
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
116,702
Trade creditors
12,001
8,464
Amounts owed to group undertakings and undertakings in which the company has a participating interest
247,699
100,000
Corporation tax
406,980
406,591
Social security and other taxes
75,986
64,452
Other creditors
42,440
98,851
---------
---------
785,106
795,060
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
40,769
127,701
--------
---------
9. 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 Payne
( 17,754)
( 17,754)
----
--------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr Payne
----
----
----
10. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2023
2022
2023
2022
£
£
£
£
St James Restaurant Ltd
410
Camden Stables Holdings Ltd
(20,480)
12,717
( 20,480)
London Stables Holdings Ltd
(100,000)
(100,000)
( 100,000)
( 100,000)
Book My Table Ltd
(65,927)
20,244
Platinum Properties Holding Limited
(6,355)
( 6,355)
City Icon Bars Limited
(6,700)
( 6,700)
Canal & Market Holdings Ltd
(48,236)
( 48,237)
---------
---------
---------
---------