Registered number
11376582
Seb's Catering Limited
Filleted Accounts
31 May 2023
Seb's Catering Limited
Registered number: 11376582
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,531 3,375
Current assets
Debtors 4 2,852 8,092
Cash at bank and in hand 677 475
3,529 8,567
Creditors: amounts falling due within one year 5 (3,350) (4,638)
Net current assets 179 3,929
Total assets less current liabilities 2,710 7,304
Creditors: amounts falling due after more than one year 6 (3,748) (10,025)
Net liabilities (1,038) (2,721)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,039) (2,722)
Shareholder's funds (1,038) (2,721)
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 member has 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.
Mr Ionel Timisica
Director
Approved by the board on 1 December 2023
Seb's Catering Limited
Notes to the Accounts
for the year ended 31 May 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:
Plant and machinery 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. Unrelieved tax losses 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. Current tax assets and liabilities are not discounted.
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 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 6,546 8,000 14,546
At 31 May 2023 6,546 8,000 14,546
Depreciation
At 1 June 2022 6,546 4,625 11,171
Charge for the year - 844 844
At 31 May 2023 6,546 5,469 12,015
Net book value
At 31 May 2023 - 2,531 2,531
At 31 May 2022 - 3,375 3,375
4 Debtors 2023 2022
£ £
Trade debtors - 1,258
Other debtors 2,852 6,834
2,852 8,092
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,896 3,575
Taxation and social security costs 406 304
Other creditors 1,048 759
3,350 4,638
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 3,748 10,025
7 Other information
Seb's Catering Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Coppenhall Grove
Crewe
CW2 7UQ
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