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REGISTERED NUMBER: 08879337 (England and Wales)











Unaudited Financial Statements

for the Period 1 March 2022 to 26 February 2023

for

The Cheese Truck Limited

The Cheese Truck Limited (Registered number: 08879337)

Contents of the Financial Statements
for the Period 1 March 2022 to 26 February 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Cheese Truck Limited

Company Information
for the Period 1 March 2022 to 26 February 2023







DIRECTOR: M J Carver





REGISTERED OFFICE: The Cheese Bar Unit 93
Camden Market
London
NW1 8AH





REGISTERED NUMBER: 08879337 (England and Wales)





ACCOUNTANTS: Solutions 4 Caterers Ltd
Westmead House
Westmead
Farnborough
Hampshire
GU14 7LP

The Cheese Truck Limited (Registered number: 08879337)

Statement of Financial Position
26 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 74,227 123,086
Tangible assets 5 287,344 348,902
Investments 6 100 100
361,671 472,088

CURRENT ASSETS
Stocks 7 44,927 44,965
Debtors 8 189,030 84,243
Cash at bank and in hand 113,457 46,914
347,414 176,122
CREDITORS
Amounts falling due within one year 9 (722,650 ) (562,089 )
NET CURRENT LIABILITIES (375,236 ) (385,967 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,565

)

86,121

CREDITORS
Amounts falling due after more than one
year

10

(29,395

)

(84,572

)

PROVISIONS FOR LIABILITIES (5,933 ) (5,933 )
NET LIABILITIES (48,893 ) (4,384 )

CAPITAL AND RESERVES
Called up share capital 140 140
Share premium 289,975 289,975
Retained earnings (339,008 ) (294,499 )
(48,893 ) (4,384 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 February 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.

The Cheese Truck Limited (Registered number: 08879337)

Statement of Financial Position - continued
26 February 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 22 February 2024 and were signed by:





M J Carver - Director


The Cheese Truck Limited (Registered number: 08879337)

Notes to the Financial Statements
for the Period 1 March 2022 to 26 February 2023


1. STATUTORY INFORMATION

The Cheese Truck Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Developments are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the remaining period of the lease
Equipment - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33.33% on cost

Government grants
Government grants in relation to tangible fixed assets are credited to the Income Statement over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the Income Statement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 period 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 statement of financial position date.


The Cheese Truck Limited (Registered number: 08879337)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 26 February 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.

Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability. The interest element of rental obligations is charged to the Income Statement over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the Income Statement when due.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 48 (2022 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2022 260,368
Reclassification/transfer (1,264 )
At 26 February 2023 259,104
AMORTISATION
At 1 March 2022 137,282
Charge for period 47,595
At 26 February 2023 184,877
NET BOOK VALUE
At 26 February 2023 74,227
At 28 February 2022 123,086

The Cheese Truck Limited (Registered number: 08879337)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 26 February 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold Equipment fittings
£    £    £   
COST
At 1 March 2022 164,616 - 395,548
Additions 2,620 - 665
Disposals - - -
Reclassification/transfer (37,077 ) 76,028 (45,049 )
At 26 February 2023 130,159 76,028 351,164
DEPRECIATION
At 1 March 2022 22,637 - 237,691
Charge for period 7,314 27,340 (20,131 )
Eliminated on disposal - - -
At 26 February 2023 29,951 27,340 217,560
NET BOOK VALUE
At 26 February 2023 100,208 48,688 133,604
At 28 February 2022 141,979 - 157,857

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 51,921 17,552 629,637
Additions - 449 3,734
Disposals (24,182 ) - (24,182 )
Reclassification/transfer - (212 ) (6,310 )
At 26 February 2023 27,739 17,789 602,879
DEPRECIATION
At 1 March 2022 8,539 11,868 280,735
Charge for period 31,848 1,078 47,449
Eliminated on disposal (12,649 ) - (12,649 )
At 26 February 2023 27,738 12,946 315,535
NET BOOK VALUE
At 26 February 2023 1 4,843 287,344
At 28 February 2022 43,382 5,684 348,902

The Cheese Truck Limited (Registered number: 08879337)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 26 February 2023


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 26 February 2023 100
NET BOOK VALUE
At 26 February 2023 100
At 28 February 2022 100

7. STOCKS
2023 2022
£    £   
Stocks 44,927 44,965

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,946 3,882
Amounts owed by group undertakings 17,749 3,532
Other debtors 124,012 67,667
Director's current account 16,825 -
Prepayments 28,498 9,162
189,030 84,243

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,911 10,000
Hire purchase contracts (see note 11) 38,782 70,339
Trade creditors 273,698 246,349
Social security and other taxes 109,742 17,424
VAT 124,176 59,745
Other creditors 120,308 142,830
Director's current account - 2,435
Accruals and deferred income 46,033 12,967
722,650 562,089

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-5 years 24,111 33,009
Hire purchase contracts (see note 11) 5,284 51,563
29,395 84,572

The Cheese Truck Limited (Registered number: 08879337)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 26 February 2023


11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 38,782 70,339
Between one and five years 5,284 51,563
44,066 121,902

Non-cancellable operating leases
2023 2022
£    £   
Within one year 407,415 320,619
Between one and five years 549,104 609,501
In more than five years 319,598 195,700
1,276,117 1,125,820

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 26 February 2023 and the year ended 28 February 2022:

2023 2022
£    £   
M J Carver
Balance outstanding at start of period (2,435 ) (24,908 )
Amounts advanced 19,260 22,505
Amounts repaid - (32 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 16,825 (2,435 )

The above loan is interest free, unsecured and repayable on demand.