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REGISTERED NUMBER: 07270579 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

REEFSIDE CATERING LIMITED

REEFSIDE CATERING LIMITED (REGISTERED NUMBER: 07270579)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REEFSIDE CATERING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: R L Shearman
V Hubball





REGISTERED OFFICE: Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL





REGISTERED NUMBER: 07270579 (England and Wales)





ACCOUNTANTS: Evans & Co
Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL

REEFSIDE CATERING LIMITED (REGISTERED NUMBER: 07270579)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,480 21,742

CURRENT ASSETS
Stocks 10,000 5,000
Debtors 5 4,426 337
Prepayments and accrued income 2,492 1,888
Cash at bank and in hand 65,315 58,724
82,233 65,949
CREDITORS
Amounts falling due within one year 6 82,425 10,989
NET CURRENT (LIABILITIES)/ASSETS (192 ) 54,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,288

76,702

CREDITORS
Amounts falling due after more than one
year

7

5,833

10,833
NET ASSETS 12,455 65,869

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,355 65,769
12,455 65,869

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

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

REEFSIDE CATERING LIMITED (REGISTERED NUMBER: 07270579)

BALANCE SHEET - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:




V Hubball - Director



R L Shearman - Director


REEFSIDE CATERING LIMITED (REGISTERED NUMBER: 07270579)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Reefside 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.
Fixtures and fittings - 15% on reducing balance

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 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

REEFSIDE CATERING LIMITED (REGISTERED NUMBER: 07270579)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 52,374 3,794 205,011 261,179
DEPRECIATION
At 1 April 2023 52,374 569 186,494 239,437
Charge for year - 484 2,778 3,262
At 31 March 2024 52,374 1,053 189,272 242,699
NET BOOK VALUE
At 31 March 2024 - 2,741 15,739 18,480
At 31 March 2023 - 3,225 18,517 21,742

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,426 -
VAT - 337
4,426 337

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 8) 5,000 5,000
Trade creditors 11,405 742
Tax 5,884 621
Social security and other taxes 1,091 1,725
VAT 208 -
Other creditors 19,414 -
Directors' current accounts 36,246 246
Accruals and deferred income 3,177 2,655
82,425 10,989

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 5,833 10,833

REEFSIDE CATERING LIMITED (REGISTERED NUMBER: 07270579)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bounce Back Loan 5,000 5,000

Amounts falling due between two and five years:
Bounce Back loan 5,833 10,833