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REGISTERED NUMBER: SC241639 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

G & M WHYTE CATERERS LTD.

G & M WHYTE CATERERS LTD. (REGISTERED NUMBER: SC241639)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & M WHYTE CATERERS LTD.

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: G B Whyte
Mrs M Hunter





REGISTERED OFFICE: Crannoch Lodge
Grange
Keith
AB55 6NA





REGISTERED NUMBER: SC241639 (Scotland)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

G & M WHYTE CATERERS LTD. (REGISTERED NUMBER: SC241639)

BALANCE SHEET
31 December 2023

31.12.22 31.12.23
£ £ Notes £ £
FIXED ASSETS
190,386 Tangible assets 5 295,694

CURRENT ASSETS
3,000 Stocks 3,300
37,904 Debtors 6 33,390
431,913 Cash at bank and in hand 386,585
472,817 423,275
CREDITORS
327,114 Amounts falling due within one year 7 229,555
145,703 NET CURRENT ASSETS 193,720
336,089 TOTAL ASSETS LESS CURRENT
LIABILITIES

489,414

CREDITORS
(25,000 ) Amounts falling due after more than one
year

8

(15,000

)

(36,173 ) PROVISIONS FOR LIABILITIES 10 (56,182 )
274,916 NET ASSETS 418,232

CAPITAL AND RESERVES
10,000 Called up share capital 10,000
264,916 Retained earnings 408,232
274,916 SHAREHOLDERS' FUNDS 418,232

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.

G & M WHYTE CATERERS LTD. (REGISTERED NUMBER: SC241639)

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 2 August 2024 and were signed on its behalf by:





G B Whyte - Director


G & M WHYTE CATERERS LTD. (REGISTERED NUMBER: SC241639)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

G & M Whyte Caterers Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the total value of invoiced and cash sales made during the period, less credit notes and excluding value added tax.

Revenue is recognised when goods or services are received by the customer and the risks and rewards of ownership have been passed to them. Revenue is measured at the fair value of consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant & machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

G & M WHYTE CATERERS LTD. (REGISTERED NUMBER: SC241639)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. 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.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

Financial instruments
Basic financial instruments are recognised at amortised cost. Financial assets and liabilties are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Cash & cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
Totals machinery fittings vehicles equipment
£ £ £ £ £
COST
At 1 January 2023 229,640 94,059 1,039 133,963 579
Additions 142,874 119,874 - 23,000 -
At 31 December 2023 372,514 213,933 1,039 156,963 579
DEPRECIATION
At 1 January 2023 39,254 18,812 156 20,094 192
Charge for year 37,566 18,148 132 19,093 193
At 31 December 2023 76,820 36,960 288 39,187 385
NET BOOK VALUE
At 31 December 2023 295,694 176,973 751 117,776 194
At 31 December 2022 190,386 75,247 883 113,869 387

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 22,458 2,130
Other debtors 10,932 35,774
33,390 37,904

G & M WHYTE CATERERS LTD. (REGISTERED NUMBER: SC241639)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Hire purchase contracts - 2,808
Trade creditors 19,841 6,449
Taxation and social security 65,490 79,920
Other creditors 144,224 237,937
229,555 327,114

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Other creditors 15,000 25,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£ £
Hire purchase contracts - 2,808

Obligations under hire purchase contracts are secured over the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£ £
Deferred tax 56,182 36,173

Deferred tax
£
Balance at 1 January 2023 36,173
Provided during year 20,009
Balance at 31 December 2023 56,182

This is in respect of accelerated capital allowance.

11. RELATED PARTY DISCLOSURES

At the year end there was a balance due to the directors of £151,492 (2022 £221,962). Interest was charged at 2% and the balance has no fixed repayment term.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.