Cherry Picked Catering Limited 06794324 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of the provision of catering services Digita Accounts Production Advanced 6.30.9574.0 true 06794324 2023-01-01 2023-12-31 06794324 2023-12-31 06794324 bus:OrdinaryShareClass1 2023-12-31 06794324 core:CurrentFinancialInstruments 2023-12-31 06794324 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06794324 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 06794324 core:FurnitureFittingsToolsEquipment 2023-12-31 06794324 core:MotorVehicles 2023-12-31 06794324 bus:SmallEntities 2023-01-01 2023-12-31 06794324 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06794324 bus:FullAccounts 2023-01-01 2023-12-31 06794324 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06794324 bus:RegisteredOffice 2023-01-01 2023-12-31 06794324 bus:Director2 2023-01-01 2023-12-31 06794324 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06794324 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06794324 core:FurnitureFittings 2023-01-01 2023-12-31 06794324 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 06794324 core:MotorVehicles 2023-01-01 2023-12-31 06794324 countries:EnglandWales 2023-01-01 2023-12-31 06794324 2022-12-31 06794324 core:FurnitureFittingsToolsEquipment 2022-12-31 06794324 core:MotorVehicles 2022-12-31 06794324 2022-01-01 2022-12-31 06794324 2022-12-31 06794324 bus:OrdinaryShareClass1 2022-12-31 06794324 core:CurrentFinancialInstruments 2022-12-31 06794324 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06794324 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 06794324 core:FurnitureFittingsToolsEquipment 2022-12-31 06794324 core:MotorVehicles 2022-12-31 06794324 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06794324

Cherry Picked Catering Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Cherry Picked Catering Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Cherry Picked Catering Limited

Company Information

Director

C Lynton-Jenkins

Registered office

Office 1 The Coach House
24-26 Station Road
Shirehampton
Bristol
BS11 9TX

Accountants

G W Jones & Co
Accountants
Office 1 The Coach House
24-26 Station Road
Shirehampton
Bristol
BS11 9TX

 

Cherry Picked Catering Limited

(Registration number: 06794324)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

57,482

31,432

Current assets

 

Stocks

5

3,250

3,250

Debtors

6

5,218

5,545

Cash at bank and in hand

 

116,892

97,606

 

125,360

106,401

Creditors: Amounts falling due within one year

7

(92,351)

(88,168)

Net current assets

 

33,009

18,233

Total assets less current liabilities

 

90,491

49,665

Creditors: Amounts falling due after more than one year

7

(15,618)

-

Net assets

 

74,873

49,665

Capital and reserves

 

Called up share capital

8

200

200

Retained earnings

74,673

49,465

Shareholders' funds

 

74,873

49,665

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 5 September 2024
 

.........................................
C Lynton-Jenkins
Director

 

Cherry Picked Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office 1 The Coach House
24-26 Station Road
Shirehampton
Bristol
BS11 9TX

The principal place of business is:
1A/2A Avon Crescent
Hotwells
Bristol
BS1 6XQ

These financial statements were authorised for issue by the director on 5 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 in the countries where the company operates and generates taxable income.

 

Cherry Picked Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% on reducing balance

Motor vehicles

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Cherry Picked Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2022 - 18).

 

Cherry Picked Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

73,415

19,090

92,505

Additions

10,012

31,500

41,512

At 31 December 2023

83,427

50,590

134,017

Depreciation

At 1 January 2023

56,300

4,773

61,073

Charge for the year

5,976

9,486

15,462

At 31 December 2023

62,276

14,259

76,535

Carrying amount

At 31 December 2023

21,151

36,331

57,482

At 31 December 2022

17,115

14,317

31,432

5

Stocks

2023
£

2022
£

Other inventories

3,250

3,250

6

Debtors

Current

2023
£

2022
£

Trade debtors

320

352

Other debtors

4,898

5,193

 

5,218

5,545

7

Creditors

Creditors: amounts falling due within one year

 

Cherry Picked Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9,604

11,982

Trade creditors

 

20,726

22,864

Taxation and social security

 

55,384

47,682

Accruals and deferred income

 

4,340

3,770

Other creditors

 

2,297

1,870

 

92,351

88,168

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £9,604 (2022 - £11,982).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

15,618

-

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £15,618 (2022 - £Nil).

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

200

200

200

200

         

9

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £295.00 (2022 - £155.00) per each Ordinary shares

 

59,000

 

31,000