Registered number
08518689
Bowlt Catering Ltd
Filleted Accounts
31 May 2023
Bowlt Catering Ltd
Registered number: 08518689
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 20,170 21,233
Tangible assets 4 11,009 13,761
31,179 34,994
Current assets
Stocks 3,500 3,000
Debtors 5 - 1,710
Cash at bank and in hand 94,510 ######
98,010 ######
Creditors: amounts falling due within one year 6 (36,269) (57,149)
Net current assets 61,741 56,036
Total assets less current liabilities 92,920 91,030
Creditors: amounts falling due after more than one year 7 (3,127) (5,334)
Net assets 89,793 85,696
Capital and reserves
Called up share capital 100 100
Profit and loss account 89,693 85,596
Shareholders' funds 89,793 85,696
Average number of employees 18 16
The directors are 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 directors acknowledge their 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 D Bowlt
Director
Approved by the board on 10 November 2023
Bowlt Catering Ltd
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 18 16
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 33,688
At 31 May 2023 33,688
Amortisation
At 1 June 2022 12,455
Provided during the year 1,063
At 31 May 2023 13,518
Net book value
At 31 May 2023 20,170
At 31 May 2022 21,233
Goodwill is being written off at a reducing balance of 5% per annum.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 52,794
At 31 May 2023 52,794
Depreciation
At 1 June 2022 39,033
Charge for the year 2,752
At 31 May 2023 41,785
Net book value
At 31 May 2023 11,009
At 31 May 2022 13,761
5 Debtors 2023 2022
£ £
Other debtors - 1,710
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,207 2,207
Corporation tax 1,607 10,235
Other taxes and social security costs 8,227 6,689
Other creditors 24,228 38,018
36,269 57,149
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 3,127 5,334
8 Other information
Bowlt Catering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
81 Blenheim Road
Deal
Kent
CT14 7DE
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