1 January 2023 false Taxfiler 2024.5 10580578business:PrivateLimitedCompanyLtd2023-01-012023-12-31 105805782022-12-31 105805782023-01-012023-12-31 10580578business:AuditExemptWithAccountantsReport2023-01-012023-12-31 10580578business:FilletedAccounts2023-01-012023-12-31 105805782023-12-31 10580578business:Director12023-01-012023-12-31 10580578business:RegisteredOffice2023-01-012023-12-31 105805782022-12-31 10580578core:WithinOneYear2023-12-31 10580578core:WithinOneYear2022-12-31 10580578core:AfterOneYear2023-12-31 10580578core:AfterOneYear2022-12-31 10580578core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10580578core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10580578core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10580578core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10580578core:PreviouslyStatedAmount2023-12-31 10580578core:PreviouslyStatedAmount2022-12-31 10580578business:SmallEntities2023-01-012023-12-31 10580578countries:EnglandWales2023-01-012023-12-31 10580578core:PlantMachinery2023-01-012023-12-31 10580578core:MotorVehicles2023-01-012023-12-31 10580578core:PlantMachinery2022-12-31 10580578core:MotorVehicles2022-12-31 10580578core:PlantMachinery2023-12-31 10580578core:MotorVehicles2023-12-31 105805782022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10580578 (England and Wales)
Terrace Catering Limited Unaudited accounts for the year ended 31 December 2023
Terrace Catering Limited Unaudited accounts Contents
Page
- 2 -
Terrace Catering Limited Company Information for the year ended 31 December 2023
Director
Hackett C
Company Number
10580578 (England and Wales)
Registered Office
38 Lyndhurst Road Bexleyheath Kent DA7 6DF
Accountants
Smith Kiew Partnership 38 Lyndhurst Road Bexleyheath Kent DA7 6DF
- 3 -
Terrace Catering Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,590 
22,428 
Current assets
Inventories
1,000 
1,000 
Debtors
1 
1 
Cash at bank and in hand
49,581 
56,302 
50,582 
57,303 
Creditors: amounts falling due within one year
(13,326)
(23,017)
Net current assets
37,256 
34,286 
Total assets less current liabilities
51,846 
56,714 
Creditors: amounts falling due after more than one year
(21,684)
(28,905)
Net assets
30,162 
27,809 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
30,161 
27,808 
Shareholders' funds
30,162 
27,809 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 April 2024 and were signed on its behalf by
Hackett C Director Company Registration No. 10580578
- 4 -
Terrace Catering Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Terrace Catering Limited is a private company, limited by shares, registered in England and Wales, registration number 10580578. The registered office is 38 Lyndhurst Road, Bexleyheath, Kent, DA7 6DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
7,126 
28,496 
35,622 
Additions
417 
- 
417 
At 31 December 2023
7,543 
28,496 
36,039 
Depreciation
At 1 January 2023
3,970 
9,224 
13,194 
Charge for the year
1,131 
7,124 
8,255 
At 31 December 2023
5,101 
16,348 
21,449 
Net book value
At 31 December 2023
2,442 
12,148 
14,590 
At 31 December 2022
3,156 
19,272 
22,428 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1 
1 
- 5 -
Terrace Catering Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
669 
1,150 
Loans from directors
12,657 
21,867 
13,326 
23,017 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,684 
28,905 
8
Average number of employees
During the year the average number of employees was 2 (2022: 3).
- 6 -