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Company registration number: 05801630
C.N.A Catering Logistics Limited
Unaudited filleted abridged financial statements
31 October 2023
C.N.A Catering Logistics Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
C.N.A Catering Logistics Limited
Directors and other information
Director Mr Ahmet Turgay Simsek (Resigned 18 July 2023)
Volkan Coban (Appointed 18 July 2023)
Company number 05801630
Registered office 50-51 Cromwell Industrial Estate
Argall Avenue
London
E10 7QE
Accountants Benchmark Accounting Services Ltd
187 High Road Leyton
London
E15 2BY
C.N.A Catering Logistics Limited
Report to the director on the preparation of the
unaudited statutory financial statements of C.N.A Catering Logistics Limited
Year ended 31 October 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 October 2023 which comprise the abridged statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Benchmark Accounting Services Ltd
187 High Road Leyton
London
E15 2BY
22 August 2024
C.N.A Catering Logistics Limited
Abridged statement of financial position
31 October 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 82,778 71,970
_______ _______
82,778 71,970
Current assets
Stocks 67,923 87,155
Debtors 557,808 427,586
Cash at bank and in hand 33,969 57,285
_______ _______
659,700 572,026
Creditors: amounts falling due
within one year ( 354,529) ( 275,144)
_______ _______
Net current assets 305,171 296,882
_______ _______
Total assets less current liabilities 387,949 368,852
Creditors: amounts falling due
after more than one year ( 76,108) ( 53,574)
_______ _______
Net assets 311,841 315,278
_______ _______
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 301,841 305,278
_______ _______
Shareholders funds 311,841 315,278
_______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 22 August 2024 , and are signed on behalf of the board by:
Volkan Coban
Director
Company registration number: 05801630
C.N.A Catering Logistics Limited
Statement of changes in equity
Year ended 31 October 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2021 10,000 332,239 342,239
Profit for the year 3,039 3,039
_______ _______ _______
Total comprehensive income for the year - 3,039 3,039
Dividends paid and payable ( 30,000) ( 30,000)
_______ _______ _______
Total investments by and distributions to owners - ( 30,000) ( 30,000)
_______ _______ _______
At 31 October 2022 and 1 November 2022 10,000 305,278 315,278
Profit for the year 36,563 36,563
_______ _______ _______
Total comprehensive income for the year - 36,563 36,563
Dividends paid and payable ( 40,000) ( 40,000)
_______ _______ _______
Total investments by and distributions to owners - ( 40,000) ( 40,000)
_______ _______ _______
At 31 October 2023 10,000 301,841 311,841
_______ _______ _______
C.N.A Catering Logistics Limited
Notes to the financial statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 50-51 Cromwell Industrial Estate, Argall Avenue, London, E10 7QE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured 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 the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 7 (2022: 8 ).
The aggregate payroll costs incurred during the year were:
2023 2022
£ £
Wages and salaries 71,756 85,567
Other pension costs 516 801
_______ _______
72,272 86,368
_______ _______
5. Tangible assets
£
Cost
At 1 November 2022 178,669
Additions 36,750
Disposals ( 18,000)
_______
At 31 October 2023 197,419
_______
Depreciation
At 1 November 2022 106,699
Charge for the year 18,569
Disposals ( 10,627)
_______
At 31 October 2023 114,641
_______
Carrying amount
At 31 October 2023 82,778
_______
At 31 October 2022 71,970
_______