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REGISTERED NUMBER: 13792132 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STANLEY'S CATERING LTD

STANLEY'S CATERING LTD (REGISTERED NUMBER: 13792132)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 3


STANLEY'S CATERING LTD (REGISTERED NUMBER: 13792132)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 70,160 78,930
Tangible assets 5 39,030 15,174
109,190 94,104

Current assets
Stocks 2,000 2,000
Debtors 6 28,319 18,052
Cash at bank and in hand 62,270 79,690
92,589 99,742
Creditors
Amounts falling due within one year 7 195,790 187,463
Net current liabilities (103,201 ) (87,721 )
Total assets less current liabilities 5,989 6,383

Provisions for liabilities 9 5,888 2,639
Net assets 101 3,744

Capital and reserves
Called up share capital 10 100 100
Retained earnings 1 3,644
Shareholders' funds 101 3,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

STANLEY'S CATERING LTD (REGISTERED NUMBER: 13792132)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2024 and were signed on its behalf by:




Mrs S A Stanley - Director



Mr K Stanley - Director


STANLEY'S CATERING LTD (REGISTERED NUMBER: 13792132)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

Stanley's Catering Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13792132. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is 40 East Street, Wimborne, BH21 1DX.
The comparatives are not entirely comparable as it was the first period commencing on incorporation on 9 December 2021 and ending 31 December 2022.

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 represents takings from café and takeaway sales, net of vat.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value.

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.

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.

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.

STANLEY'S CATERING LTD (REGISTERED NUMBER: 13792132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. Accounting policies - continued

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 17 (2022 - 15 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 87,700
Amortisation
At 1 January 2023 8,770
Charge for year 8,770
At 31 December 2023 17,540
Net book value
At 31 December 2023 70,160
At 31 December 2022 78,930

5. Tangible fixed assets
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 - 18,734 750 750 20,234
Additions 7,375 12,949 14,599 - 34,923
At 31 December 2023 7,375 31,683 15,349 750 55,157
Depreciation
At 1 January 2023 - 4,684 188 188 5,060
Charge for year 388 6,749 3,790 140 11,067
At 31 December 2023 388 11,433 3,978 328 16,127
Net book value
At 31 December 2023 6,987 20,250 11,371 422 39,030
At 31 December 2022 - 14,050 562 562 15,174

STANLEY'S CATERING LTD (REGISTERED NUMBER: 13792132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 12,826 10,339
Prepayments and accrued income 15,493 7,713
28,319 18,052

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 2,390 8,157
Tax 6,364 2,217
Social security and other taxes 4,718 1,777
Pension liability 587 190
VAT 22,172 18,416
Other creditors 13,536 11,159
Directors' current accounts 136,841 143,289
Accruals and deferred income 9,182 2,258
195,790 187,463

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 26,500 26,500
Between one and five years 106,000 106,000
In more than five years 85,020 111,520
217,520 244,020

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 5,888 2,639

Deferred
tax
£   
Balance at 1 January 2023 2,639
Charge to Income statement during year 3,249
Balance at 31 December 2023 5,888

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

STANLEY'S CATERING LTD (REGISTERED NUMBER: 13792132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


11. Ultimate controlling party

The Company is under the control of the Directors, by virtue of their combined 100% holding of the issued voting share capital of the Company.