Registered number
10773718
SHAKA CATERING SERVICES LTD
Unaudited Filleted Accounts
31 July 2023
SHAKA CATERING SERVICES LTD
Registered number: 10773718
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,119 7,146
Current assets
Debtors 4 69,150 63,311
Cash at bank and in hand 1,106 8,815
70,256 72,126
Creditors: amounts falling due within one year 5 (101,928) (101,193)
Net current liabilities (31,672) (29,067)
Net liabilities (25,553) (21,921)
Capital and reserves
Called up share capital 19,500 19,500
Profit and loss account (45,053) (41,421)
Shareholders' funds (25,553) (21,921)
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.
Blake Kenton Fine
Director
Approved by the board on 26 July 2024
SHAKA CATERING SERVICES LTD
Notes to the Accounts
for the year ended 31 July 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:
Fixtures, fittings, tools and equipment 20% reducing balance
Motor Vehicles 30% reducing balance
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.
Going Concern
The company has net liabilities and is therefore dependent upon the continuing support of its creditors and director. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 20,955
Additions 500
At 31 July 2023 21,455
Depreciation
At 1 August 2022 13,809
Charge for the year 1,527
At 31 July 2023 15,336
Net book value
At 31 July 2023 6,119
At 31 July 2022 7,146
4 Debtors 2023 2022
£ £
Trade debtors - 1,415
Intercompay loan 64,618 56,681
Other debtors 4,532 5,215
69,150 63,311
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,450 6,153
Taxation and social security costs (17,522) (9,123)
Other creditors 115,000 104,163
101,928 101,193
6 Other information
SHAKA CATERING SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Bucklebury Lodge
Chapel Row
Reading
RG7 6PB
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