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REGISTERED NUMBER: 02864589 (England and Wales)















JENKINSONS CATERERS (STAFFORD) LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Notes to the Financial Statements 13


JENKINSONS CATERERS (STAFFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N F Chaplin
J Brammeld





SECRETARY: J Brammeld





REGISTERED OFFICE: St Albans Road
Astonfields
Stafford
Staffordshire
ST16 3DR





REGISTERED NUMBER: 02864589 (England and Wales)

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024


The directors present their strategic report for the year ended 31 March 2024.

REVIEW OF BUSINESS
The company continues to provide catering and bar services to wedding and corporate venue hire businesses.

Development, performance and financial position:
We aim to present a balanced and comprehensive review of the development and performance of our business during the period and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face. The company has been trading for 71 years as a successful event and venue caterer.

The company has a strong workforce both operationally and administratively and ensures the catering equipment and IT infrastructure utilised provides a superb catering and bar experience for its customers.

The company reported a profit of £680,733 (2023 £494,831). The result is consistent with that in the previous year following the recovery from the restrictions imposed on the hospitality industry from March 2020 to 2021 because of the declaration of the Covid-19 pandemic by the World Health Organisation.

The balance sheet as of the 31st March 2024 shows continued strength with net assets of £804,902

Future Developments
The company's bookings are now at a consistent level following the recovery from Covid-19. There is no indication that the level of bookings will decrease in future years. As the company's major clients invest in new venues the company will also continue to invest in catering and bar equipment in these venues with the intention of increasing the number of events catered for each year. This policy of controlled growth gives a positive outlook for the company.

PRINCIPAL RISKS AND UNCERTAINTIES
The hospitality sector in which the company operates continues to be a growing sector with new venues presenting both growth opportunities and competition challenges. The company constantly reviews and evolves its services to ensure the best possible service to its customers.

The company operates on solid cash reserves with minimal borrowing requirements.

The main risks associated with the company's financial assets and liabilities are:

Liquidity, Credit and Cashflow Risk

The company manages its cash reserves to ensure that there is surplus cash over and above amounts received from customers in advance of their wedding date at a level to maintain the required working capital of its day to day operations plus returns to shareholders and other investment requirements as determined by the directors. The company has minimal liquidity, credit and cashflow risk.

Food Safety and Workplace Safety

The company has a potential risk of providing food that may cause allergic reaction or illness to its customers and asks employees to work in environments that may potentially cause injury. To mitigate these risks the company

- invests heavily in a hospitality management solution system on an ongoing basis
- ensures that it complies with all relevant Food Safety regulations
- develops, reviews and updates food safety policies and manuals regularly
- inducts and trains team members in procedures
- employs an external consultant to test, monitor and report on its food preparation, food storage and food transport policies to ensure compliance with relevant regulations

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024

- employs an external consultant to write deliver and train on, risk assessments and safe working practices for team members
- maintains an appropriate level of public and employers' liability insurance cover

KEY PERFORMANCE INDICATORS
2024 2023
Turnover £12,914,332 £11,853,095
Gross Profit margin 26.03% 23.54%
Current Ratio 1.16 1.21
Quick Ratio 1.13 1.18
Net Assets £804,902 £924,169


The company reviews its anticipated and actual turnover by closely monitoring the number of events, number of guests attending an event and net spend per cover. This measure helps to determine resource requirements of the business on an ongoing basis.

The current and quick ratios identify the working capital requirements of the business essential to maintain working capital. The company maintains a healthy working capital position.

The net asset position is monitored to ensure the stability of the company is in a healthy position and the directors are committed to maintaining a stable balance sheet.

ON BEHALF OF THE BOARD:





N F Chaplin - Director


13 August 2024

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024


The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIVIDENDS
The Directors recommend an interim dividend of £800,000 be paid.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

N F Chaplin
J Brammeld

ENGAGEMENT WITH EMPLOYEES
The company actively encourages all employees to take part in the running, development and growth of the business. The company structure ensures that communication channels are set for management to obtain and utilise feedback for decision-making.

The company recognises exceptional performance and behaviour as nominated by fellow team members or customers on a regular basis.

The company invites employees to an online six-monthly update whereby it communicates the financial and operational performance of the business together with any past, present and future developments. The company actively encourages feedback from employees from these meetings.

The company welcomes its social and statutory obligations to employ disabled persons and adopts a policy of providing the same employment opportunities to disabled persons as others wherever possible. The company also adopts the same policy for employees who have become disabled by providing relevant training, career development and promotion opportunities during their employment with the company.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





N F Chaplin - Director


13 August 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JENKINSONS CATERERS (STAFFORD) LIMITED


Opinion
We have audited the financial statements of Jenkinsons Caterers (Stafford) Limited (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JENKINSONS CATERERS (STAFFORD) LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
-the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company's operating sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate risk of fraud and non-compliance with laws and regulations.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JENKINSONS CATERERS (STAFFORD) LIMITED


To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual balances, variances or unexpected relationships;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;
- investigated the rationale behind significant or unusual transactions; and
- specifically tested the controls around banking payments.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation claims;
- reviewing correspondence with HMRC and other relevant regulators.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jeremy G Hodgkiss (Senior Statutory Auditor)
for and on behalf of Deans
Chartered accountants
Statutory auditor
Gibson House
Hurricane Court
Hurricane Close
Stafford
ST16 1GZ

13 August 2024

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 3 12,914,333 11,853,095

Cost of sales (9,553,256 ) (9,063,466 )
GROSS PROFIT 3,361,077 2,789,629

Administrative expenses (2,638,402 ) (2,208,785 )
722,675 580,844

Other operating income 4 750 35,434
723,425 616,278

Interest receivable and similar income 47,393 8,049
770,818 624,327

Interest payable and similar expenses 6 (9,247 ) (8,361 )
PROFIT BEFORE TAXATION 7 761,571 615,966

Tax on profit 8 (80,838 ) (121,135 )
PROFIT FOR THE FINANCIAL YEAR 680,733 494,831

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 680,733 494,831


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

680,733

494,831

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 10 31,775 37,552
Tangible assets 11 80,241 112,852
112,016 150,404

CURRENT ASSETS
Stocks 12 129,068 115,993
Debtors 13 766,389 1,313,064
Cash at bank and in hand 4,248,774 3,358,833
5,144,231 4,787,890
CREDITORS
Amounts falling due within one year 14 (4,424,798 ) (3,960,352 )
NET CURRENT ASSETS 719,433 827,538
TOTAL ASSETS LESS CURRENT LIABILITIES 831,449 977,942

CREDITORS
Amounts falling due after more than one
year

15

(7,423

)

(26,703

)

PROVISIONS FOR LIABILITIES 18 (19,124 ) (27,070 )
NET ASSETS 804,902 924,169

CAPITAL AND RESERVES
Called up share capital 19 2 2
Retained earnings 20 804,900 924,167
SHAREHOLDERS' FUNDS 804,902 924,169

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





N F Chaplin - Director


JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 2 619,336 619,338

Changes in equity
Dividends - (190,000 ) (190,000 )
Total comprehensive income - 494,831 494,831
Balance at 31 March 2023 2 924,167 924,169

Changes in equity
Dividends - (800,000 ) (800,000 )
Total comprehensive income - 680,733 680,733
Balance at 31 March 2024 2 804,900 804,902

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Jenkinsons Caterers (Stafford) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirement of paragraph 33.7.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from catering is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to function date.

Interest receivable
Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Intangible asset
Intangible assets acquired separately from a business are capitalised at cost. Intangible fixed assets are amortised over the length of the franchise agreements to which they relate.
Provision is made for any impairment.

Intangible fixed assets consist of costs incurred to maintain the catering rights for various venues across an agreed period of time as outlined below:

VenueCost (£)Number of years
Bingley Hall Improvements57,77210

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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
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.

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

All income originates from the UK.

4. OTHER OPERATING INCOME
2024 2023
£    £   
Rents received 750 9,000
Government grants - 26,434
750 35,434

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 4,942,136 4,516,903
Social security costs 345,559 334,549
Other pension costs 93,302 81,770
5,380,997 4,933,222

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023

Directors 2 2
Administration 27 24
Direct 233 231
262 257

2024 2023
£    £   
Directors' remuneration 197,409 238,007
Directors' pension contributions to money purchase schemes 21,000 27,576

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest and charges 6,801 6,227
Hire purchase 2,446 2,134
9,247 8,361

7. PROFIT BEFORE TAXATION

The profit is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 7,397 14,068
Other operating leases 23,683 20,765
Depreciation - assets on hire purchase contracts 32,611 28,090
Franchise costs amortisation 5,777 5,777
Auditors' remuneration 23,900 -

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 75,811 111,015
Prior year adjustment 12,973 182
Total current tax 88,784 111,197

Deferred tax:
Origination and reversal of
timing differences (7,946 ) 9,938
Tax on profit 80,838 121,135

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 761,571 615,966
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

190,393

117,034

Effects of:
Capital allowances in excess of depreciation - (6,018 )
Depreciation in excess of capital allowances 7,947 -
Group loss relief (105,459 ) -
Deferred tax (7,946 ) 9,938
Underprovision in prior years 12,973 181
Movement in pension creditor (17,070 ) -
Total tax charge 80,838 121,135

9. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 800,000 190,000

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. INTANGIBLE FIXED ASSETS
Franchise
costs
£   
COST
At 1 April 2023
and 31 March 2024 57,772
AMORTISATION
At 1 April 2023 20,220
Amortisation for year 5,777
At 31 March 2024 25,997
NET BOOK VALUE
At 31 March 2024 31,775
At 31 March 2023 37,552

11. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 163,054
DEPRECIATION
At 1 April 2023 50,202
Charge for year 32,611
At 31 March 2024 82,813
NET BOOK VALUE
At 31 March 2024 80,241
At 31 March 2023 112,852

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 163,054
DEPRECIATION
At 1 April 2023 50,202
Charge for year 32,611
At 31 March 2024 82,813
NET BOOK VALUE
At 31 March 2024 80,241
At 31 March 2023 112,852

12. STOCKS
2024 2023
£    £   
Stocks 129,068 115,993

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 620,051 878,253
Amounts owed by group undertakings - 123,974
Other debtors 107 106,707
Directors' loan accounts 10,838 14,438
Tax 6,447 6,447
Prepayments and accrued income 128,946 183,245
766,389 1,313,064

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 16) 19,290 55,979
Trade creditors 476,261 404,242
Amounts owed to group undertakings 33,832 -
Tax 88,784 111,015
Social security and other taxes 87,776 82,850
VAT 461,821 386,297
Accruals and deferred income 3,257,034 2,919,969
4,424,798 3,960,352

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 16) 7,423 26,703

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 19,290 55,979
Between one and five years 7,423 26,703
26,713 82,682

Non-cancellable operating leases
2024 2023
£    £   
Within one year 17,720 19,880
Between one and five years 68,000 68,720
In more than five years 4,250 21,250
89,970 109,850

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


17. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 26,713 82,682

Hire purchase contracts are secured against the assets they relate to.

18. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,124 27,070

Deferred
tax
£   
Balance at 1 April 2023 27,070
Credit to Income Statement during year (7,946 )
Balance at 31 March 2024 19,124

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Each share has equal rights to voting and dividends.

20. RESERVES
Retained
earnings
£   

At 1 April 2023 924,167
Profit for the year 680,733
Dividends (800,000 )
At 31 March 2024 804,900

JENKINSONS CATERERS (STAFFORD) LIMITED (REGISTERED NUMBER: 02864589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


21. ULTIMATE PARENT COMPANY

Jenkinsons Holdings (Stafford) Limited is regarded by the directors as being the company's ultimate parent company.

Copies of the consolidated group accounts can be found from the ultimate parent company's registered office, St Albans Road, Astonfields, Stafford, Staffordshire, ST16 3DR.

22. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 49,927 -

23. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
N F Chaplin
Balance outstanding at start of year 14,438 18,038
Amounts repaid (3,600 ) (3,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,838 14,438

The director's loan has been provided interest free and is repayable on demand.