Registered number
12936591
Walnut Catering Limited
Filleted Accounts
31 October 2023
Walnut Catering Limited
Registered number: 12936591
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 8,000 8,666
Tangible assets 4 48,779 66,853
56,779 75,519
Current assets
Stocks 4,770 5,270
Debtors 5 13,768 5,530
Cash at bank and in hand 282 503
18,820 11,303
Creditors: amounts falling due within one year 6 (270,194) (203,349)
Net current liabilities (251,374) (192,046)
Total assets less current liabilities (194,595) (116,527)
Creditors: amounts falling due after more than one year 7 (2,242) (2,242)
Net liabilities (196,837) (118,769)
Capital and reserves
Called up share capital 2 2
Profit and loss account (196,839) (118,771)
Shareholder's funds (196,837) (118,769)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mohammad Belal Hossain
Director
Approved by the board on 27 July 2024
Walnut Catering Limited
Notes to the Accounts
for the year ended 31 October 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:
Plant and machinery Straight line basis
Fixtures, fittings, tools and equipment Straight line basis
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 10,000
At 31 October 2023 10,000
Amortisation
At 1 November 2022 1,334
Provided during the year 666
At 31 October 2023 2,000
Net book value
At 31 October 2023 8,000
At 31 October 2022 8,666
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 108,790
Additions 4,586
At 31 October 2023 113,376
Depreciation
At 1 November 2022 41,937
Charge for the year 22,660
At 31 October 2023 64,597
Net book value
At 31 October 2023 48,779
At 31 October 2022 66,853
5 Debtors 2023 2022
£ £
Trade debtors 10,768 2,530
Other debtors 3,000 3,000
13,768 5,530
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,542 4,733
Trade creditors 16,463 11,254
Taxation and social security costs 460 10,909
Other creditors 248,729 176,453
270,194 203,349
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,242 2,242
8 Other information
Walnut Catering Limited is a private company limited by shares and incorporated in England. Its registered office is:
13 Elm Parade
Main Road
Sidcup
DA14 6NF
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