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REGISTERED NUMBER: SC669126 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NEW CONCEPT CATERING LIMITED

NEW CONCEPT CATERING LIMITED (REGISTERED NUMBER: SC669126)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEW CONCEPT CATERING LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: Mrs B Formisano





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC669126 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

NEW CONCEPT CATERING LIMITED (REGISTERED NUMBER: SC669126)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,174 29,784

CURRENT ASSETS
Stocks 136,460 146,598
Debtors 5 92,498 83,707
Cash at bank 27,432 25,678
256,390 255,983
CREDITORS
Amounts falling due within one year 6 266,126 303,749
NET CURRENT LIABILITIES (9,736 ) (47,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,438

(17,982

)

CREDITORS
Amounts falling due after more than one year 7 8,278 12,418
NET ASSETS/(LIABILITIES) 4,160 (30,400 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,159 (30,401 )
4,160 (30,400 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 20 August 2024 and were signed by:



Mrs B Formisano - Director


NEW CONCEPT CATERING LIMITED (REGISTERED NUMBER: SC669126)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

New Concept Catering Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2022 - 7 ) .

NEW CONCEPT CATERING LIMITED (REGISTERED NUMBER: SC669126)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 180 4,197 29,990 4,971 39,338
Additions 389 2,490 - - 2,879
At 31 December 2023 569 6,687 29,990 4,971 42,217
DEPRECIATION
At 1 January 2023 64 175 8,122 1,193 9,554
Charge for year 77 1,672 7,498 1,242 10,489
At 31 December 2023 141 1,847 15,620 2,435 20,043
NET BOOK VALUE
At 31 December 2023 428 4,840 14,370 2,536 22,174
At 31 December 2022 116 4,022 21,868 3,778 29,784

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 29,990
DEPRECIATION
At 1 January 2023 8,122
Charge for year 7,498
At 31 December 2023 15,620
NET BOOK VALUE
At 31 December 2023 14,370
At 31 December 2022 21,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 58,447 35,129
Other debtors 34,051 48,578
92,498 83,707

NEW CONCEPT CATERING LIMITED (REGISTERED NUMBER: SC669126)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 4,139 7,120
Trade creditors 68,178 30,396
Taxation and social security 80,237 17,179
Other creditors 113,572 249,054
266,126 303,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 8,278 12,418

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 12,417 19,538

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
S Formisano
Balance outstanding at start of year (8,149 ) 9,786
Amounts advanced 11,915 -
Amounts repaid - (17,935 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,766 (8,149 )

At 31/12/23 an amount of £3,766 is owed to the company by Mr S Formisano (who was a company director until 11/05/23). The loan is interest free and is repaid in full post year-end.