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REGISTERED NUMBER: 01306362 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CATERWARE LIMITED

CATERWARE LIMITED (REGISTERED NUMBER: 01306362)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CATERWARE LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr M J Drazen
Mr S Mallett





REGISTERED OFFICE: Caterware House
Welbeck Avenue
Vicarage Lane
Blackpool
Lancashire
FY4 4ES





REGISTERED NUMBER: 01306362 (England and Wales)





AUDITORS: Jones Harris Limited
Chartered Accountants
Statutory Auditor
17 St Peter's Place
Fleetwood
FY7 6EB

CATERWARE LIMITED (REGISTERED NUMBER: 01306362)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,030,663 1,046,590

CURRENT ASSETS
Stocks 241,481 367,354
Debtors 5 931,904 695,492
Cash at bank and in hand 205,395 247,718
1,378,780 1,310,564
CREDITORS
Amounts falling due within one year 6 (626,180 ) (543,995 )
NET CURRENT ASSETS 752,600 766,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,783,263

1,813,159

PROVISIONS FOR LIABILITIES - (457 )
NET ASSETS 1,783,263 1,812,702

CAPITAL AND RESERVES
Called up share capital 100,010 101,010
Capital redemption reserve 1,000 -
Fair value reserve 8 561,470 565,897
Retained earnings 1,120,783 1,145,795
SHAREHOLDERS' FUNDS 1,783,263 1,812,702

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 Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





Mr M J Drazen - Director


CATERWARE LIMITED (REGISTERED NUMBER: 01306362)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Caterware 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is made up of both sales of goods and services provided under contracts.

Where turnover represents sales of goods it is shown net of VAT and trade discounts and is recognised when the goods are physically delivered to the customer.

Where turnover represents the value of services provided under contracts it is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 30% on cost

Freehold property was recognised at deemed cost on transition to FRS 102. It is subsequently measured under the revaluation model and is being carried at it's most recent valuation less accumulated depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated on an average cost basis.

Taxation
Taxation for the year 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 balance sheet date.


CATERWARE LIMITED (REGISTERED NUMBER: 01306362)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 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 balance sheet 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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants
During 2022 the company received local authority support in the form of the Covid 19 Discretionary Grant Fund. This has been recognised under the accruals model and included within the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 968,545 230,374 24,900 174,371 1,398,190
Additions - 8,244 - 9,656 17,900
Disposals - - - (753 ) (753 )
At 31 December 2023 968,545 238,618 24,900 183,274 1,415,337
DEPRECIATION
At 1 January 2023 - 202,345 3,219 146,036 351,600
Charge for year 9,685 5,317 6,225 12,167 33,394
Eliminated on disposal - - - (320 ) (320 )
At 31 December 2023 9,685 207,662 9,444 157,883 384,674
NET BOOK VALUE
At 31 December 2023 958,860 30,956 15,456 25,391 1,030,663
At 31 December 2022 968,545 28,029 21,681 28,335 1,046,590

CATERWARE LIMITED (REGISTERED NUMBER: 01306362)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2020 25,000 - - - 25,000
Valuation in 2022 41,048 - - - 41,048
Cost 902,497 238,618 24,900 183,274 1,349,289
968,545 238,618 24,900 183,274 1,415,337

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 843,443 593,695
Directors' current accounts - 24,478
Tax 7,631 7,293
Prepayments 80,830 70,026
931,904 695,492

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 366,322 409,479
Tax 29,383 3,660
Social security and other taxes 50,698 -
VAT 79,150 80,744
Accruals and deferred income 100,627 50,112
626,180 543,995

7. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases are £168,308 in total (£70,829 - 2022).

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 565,897
Transfer from fair value
reserve (4,427 )

At 31 December 2023 561,470

CATERWARE LIMITED (REGISTERED NUMBER: 01306362)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Schofield ACA (Senior Statutory Auditor)
for and on behalf of Jones Harris Limited

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr M J Drazen
Balance outstanding at start of year 23,478 109,654
Amounts advanced - 1,040
Amounts repaid (23,478 ) (87,216 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 23,478

Mrs H Whattam
Balance outstanding at start of year 1,000 -
Amounts advanced - 1,000
Amounts repaid (1,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,000

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £95,000 (2022 - £100,000) were paid to the directors .