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REGISTERED NUMBER: 06057523 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BAY TREE CATERING LIMITED

BAY TREE CATERING LIMITED (REGISTERED NUMBER: 06057523)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAY TREE CATERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr M Werro
Mr P J Werro



SECRETARY: Mr M Werro



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 06057523 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Natwest
62 Fore Street
Trowbridge
Wiltshire
BA14 8EX

BAY TREE CATERING LIMITED (REGISTERED NUMBER: 06057523)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,577 33,521

CURRENT ASSETS
Stocks 5 4,820 3,664
Debtors 6 4,261 3,607
Cash at bank and in hand 21,561 12,949
30,642 20,220
CREDITORS
Amounts falling due within one year 7 32,270 20,513
NET CURRENT LIABILITIES (1,628 ) (293 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,949 33,228

CREDITORS
Amounts falling due after more than one
year

8

(11,182

)

(16,152

)

PROVISIONS FOR LIABILITIES (4,286 ) (587 )
NET ASSETS 5,481 16,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,381 16,389
SHAREHOLDERS' FUNDS 5,481 16,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

BAY TREE CATERING LIMITED (REGISTERED NUMBER: 06057523)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2024 and were signed on its behalf by:




Mr M Werro - Director



Mr P J Werro - Director


BAY TREE CATERING LIMITED (REGISTERED NUMBER: 06057523)

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


1. STATUTORY INFORMATION

Bay Tree Catering 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over the life of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% 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 for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

BAY TREE CATERING LIMITED (REGISTERED NUMBER: 06057523)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2023 22,651 42,315 3,301
Additions - 125 -
Disposals - (408 ) -
At 31 January 2024 22,651 42,032 3,301
DEPRECIATION
At 1 February 2023 22,651 23,194 2,867
Charge for year - 6,705 200
Eliminated on disposal - (408 ) -
At 31 January 2024 22,651 29,491 3,067
NET BOOK VALUE
At 31 January 2024 - 12,541 234
At 31 January 2023 - 19,121 434

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 22,196 3,027 93,490
Additions - 800 925
Disposals - - (408 )
At 31 January 2024 22,196 3,827 94,007
DEPRECIATION
At 1 February 2023 8,878 2,379 59,969
Charge for year 4,440 524 11,869
Eliminated on disposal - - (408 )
At 31 January 2024 13,318 2,903 71,430
NET BOOK VALUE
At 31 January 2024 8,878 924 22,577
At 31 January 2023 13,318 648 33,521

5. STOCKS
2024 2023
£    £   
Stocks 4,820 3,664

BAY TREE CATERING LIMITED (REGISTERED NUMBER: 06057523)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 969 1,476
Other debtors 1,494 256
Tax - 237
Prepayments 1,798 1,638
4,261 3,607

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,977 4,854
Trade creditors 4,982 3,816
Tax 5,060 -
Social security and other taxes 400 955
Pension creditor 280 329
VAT 3,565 3,247
Other creditors 6,315 4,042
Directors' current accounts 3,425 1,352
Accrued expenses 3,266 1,918
32,270 20,513

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,103 4,977
Bank loans - 2-5 years 6,079 11,175
11,182 16,152

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr P J Werro and Mr M Werro
Balance outstanding at start of year (1,351 ) (179 )
Amounts advanced 27,313 26,638
Amounts repaid (29,387 ) (27,810 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,425 ) (1,351 )

Loan is unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the directors .

BAY TREE CATERING LIMITED (REGISTERED NUMBER: 06057523)

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


11. LOAN

The £16,159 bounce back loan is fully underwritten by the government under the covid 19 support measures.