Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30trueThe principal activities of the firm is event catering activities.2022-12-01false42trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04958559 2022-12-01 2023-11-30 04958559 2021-12-01 2022-11-30 04958559 2023-11-30 04958559 2022-11-30 04958559 2021-12-01 04958559 c:Director4 2022-12-01 2023-11-30 04958559 d:MotorVehicles 2022-12-01 2023-11-30 04958559 d:MotorVehicles 2023-11-30 04958559 d:MotorVehicles 2022-11-30 04958559 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04958559 d:FurnitureFittings 2022-12-01 2023-11-30 04958559 d:FurnitureFittings 2023-11-30 04958559 d:FurnitureFittings 2022-11-30 04958559 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04958559 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04958559 d:CurrentFinancialInstruments 2023-11-30 04958559 d:CurrentFinancialInstruments 2022-11-30 04958559 d:Non-currentFinancialInstruments 2023-11-30 04958559 d:Non-currentFinancialInstruments 2022-11-30 04958559 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04958559 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 04958559 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 04958559 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 04958559 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 04958559 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 04958559 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 04958559 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 04958559 d:ShareCapital 2023-11-30 04958559 d:ShareCapital 2022-11-30 04958559 d:RetainedEarningsAccumulatedLosses 2023-11-30 04958559 d:RetainedEarningsAccumulatedLosses 2022-11-30 04958559 c:OrdinaryShareClass1 2022-12-01 2023-11-30 04958559 c:OrdinaryShareClass1 2023-11-30 04958559 c:FRS102 2022-12-01 2023-11-30 04958559 c:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 04958559 c:FullAccounts 2022-12-01 2023-11-30 04958559 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04958559 d:WithinOneYear 2023-11-30 04958559 d:WithinOneYear 2022-11-30 04958559 d:BetweenOneFiveYears 2023-11-30 04958559 d:BetweenOneFiveYears 2022-11-30 04958559 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 04958559 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 04958559 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04958559














THE LOCATION CATERING HIRE COMPANY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 NOVEMBER 2023

 
THE LOCATION CATERING HIRE COMPANY LIMITED
 

CONTENTS



Page
Accountants' Report
 
1
Statement of Financial Position
 
2 - 3
Notes to the Financial Statements
 
4 - 10


 
THE LOCATION CATERING HIRE COMPANY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE LOCATION CATERING HIRE COMPANY LIMITED
FOR THE YEAR ENDED 30 NOVEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Location Catering Hire Company Limited for the year ended 30 November 2023 which comprise  the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of The Location Catering Hire Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Location Catering Hire Company Limited  and state those matters that we have agreed to state to the Board of Directors of The Location Catering Hire Company Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Location Catering Hire Company Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that The Location Catering Hire Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Location Catering Hire Company Limited. You consider that The Location Catering Hire Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of The Location Catering Hire Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Sopher + Co LLP
 
Chartered Accountants
  
5 Elstree Gate
Elstree Way
Borehamwood
Hertfordshire
WD6 1JD
22 August 2024
Page 1

 
THE LOCATION CATERING HIRE COMPANY LIMITED
REGISTERED NUMBER:04958559

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
181,333
192,860

Current assets
  

Debtors: amounts falling due within one year
 5 
48,700
54,871

Bank and cash balances
  
40,588
72,110

  
89,288
126,981

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(66,796)
(58,160)

Net current assets
  
 
 
22,492
 
 
68,821

Total assets less current liabilities
  
203,825
261,681

Creditors: amounts falling due after more than one year
 7 
(16,668)
(26,667)

Provisions for liabilities
  

Deferred tax
 9 
(34,453)
(36,643)

Net assets
  
152,704
198,371


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
152,702
198,369

  
152,704
198,371


Page 2

 
THE LOCATION CATERING HIRE COMPANY LIMITED
REGISTERED NUMBER:04958559
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2024.




W Titterrell
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
THE LOCATION CATERING HIRE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The Location Catering Hire Company Limited is a private limited liability company incorporated in England and Wales. Its registered office and business address is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company continued to be that of the provision of facility vehicles to the catering industry.
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue from the hire of facility vehicles is recognised in the period when the hire takes place.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Fixtures, fittings & equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
THE LOCATION CATERING HIRE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses  in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, they are stated at amortised cost using the effective interest method.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable.

 
2.7

Operating leases

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

 
2.8

Pensions

The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 5

 
THE LOCATION CATERING HIRE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:
a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 2).

Page 6

 
THE LOCATION CATERING HIRE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Total

£
£
£



Cost


At 1 December 2022
448,576
27,174
475,750


Additions
73,367
1,116
74,483



At 30 November 2023

521,943
28,290
550,233



Depreciation


At 1 December 2022
269,972
12,918
282,890


Charge for the year on owned assets
80,403
5,607
86,010



At 30 November 2023

350,375
18,525
368,900



Net book value



At 30 November 2023
171,568
9,765
181,333



At 30 November 2022
178,604
14,256
192,860


5.


Debtors

2023
2022
£
£


Trade debtors
28,397
35,839

Other debtors
3,358
3,332

Prepayments and accrued income
16,945
15,700

48,700
54,871


Page 7

 
THE LOCATION CATERING HIRE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,095
10,095

Trade creditors
7,336
221

Taxation and social security
31,604
32,478

Other creditors
7,987
7,315

Accruals and deferred income
9,774
8,051

66,796
58,160



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
16,668
26,667



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,095
10,095

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
6,667
16,667


26,762
36,762


Page 8

 
THE LOCATION CATERING HIRE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Deferred taxation




2023
2022


£

£






At beginning of year
36,643
35,977


Charged to profit or loss
(2,190)
666



At end of year
34,453
36,643

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
34,453
36,643


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2



11.


Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £Nil (2022 - £80,000). No contributions were payable to the fund at the reporting date.


12.


Commitments under operating leases

At 30 November 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
5,201
5,201

Later than 1 year and not later than 5 years
8,235
13,435

13,436
18,636

Page 9

 
THE LOCATION CATERING HIRE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

13.


Parent undertaking

The immediate and ultimate parent undertaking is Premier Caterers International (UK) Limited, a company registered in England and Wales.

 
Page 10