Registered number
11377899
In The Frame Catering Limited
Filleted Accounts
31 May 2024
In The Frame Catering Limited
Registered number: 11377899
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,385 8,055
Current assets
Debtors 4 16,731 1,912
Cash at bank and in hand 72,193 51,576
88,924 53,488
Creditors: amounts falling due within one year 5 (77,275) (23,688)
Net current assets 11,649 29,800
Total assets less current liabilities 22,034 37,855
Creditors: amounts falling due after more than one year 6 (17,473) (31,775)
Net assets 4,561 6,080
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,560 6,079
Shareholder's funds 4,561 6,080
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 her 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.
Mrs H J Frame
Director
Approved by the board on 30 June 2024
In The Frame Catering Limited
Notes to the Accounts
for the year ended 31 May 2024
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 and fittings over 4 years
Plant & machinery over 4 years
Motor vehicles over 4 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Fixtures & fittings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 2,993 3,409 12,700 19,102
Additions 668 7,811 - 8,479
At 31 May 2024 3,661 11,220 12,700 27,581
Depreciation
At 1 June 2023 2,993 1,704 6,350 11,047
Charge for the year 168 2,806 3,175 6,149
At 31 May 2024 3,161 4,510 9,525 17,196
Net book value
At 31 May 2024 500 6,710 3,175 10,385
At 31 May 2023 - 1,705 6,350 8,055
4 Debtors 2024 2023
£ £
Trade debtors 16,231 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 500 -
Other debtors - 1,912
16,731 1,912
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 11,138
Taxation and social security costs 3,348 1,249
Income in advance 60,609 -
Other creditors 13,318 11,301
77,275 23,688
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,600 15,500
Directors loan 3,873 16,275
17,473 31,775
7 Controlling party
The company is controlled by the director.
8 Other information
In The Frame Catering Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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