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Registration number: 06809140

Just Perfect Catering Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

Just Perfect Catering Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Just Perfect Catering Limited

Company Information

Directors

Mrs L Owens

Mr DJ Owens

Registered office

Just Perfect Catering Unit 17 Enterprise Centre
Bryn Road
Aberkenfig
Bridgend
Mid Glamorgan
CF32 9BS

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Just Perfect Catering Limited

(Registration number: 06809140)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

401,912

331,813

Current assets

 

Stocks

71,833

52,316

Debtors

503,184

311,141

Cash at bank and in hand

 

959,979

894,934

 

1,534,996

1,258,391

Prepayments and accrued income

 

11,763

29,177

Creditors: Amounts falling due within one year

(620,373)

(472,812)

Net current assets

 

926,386

814,756

Total assets less current liabilities

 

1,328,298

1,146,569

Provisions for liabilities

(41,841)

(70,903)

Accruals and deferred income

 

(235,278)

(144,714)

Net assets

 

1,051,179

930,952

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

1,051,079

930,852

Shareholders' funds

 

1,051,179

930,952

 

Just Perfect Catering Limited

(Registration number: 06809140)
Abridged Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2024 and signed on its behalf by:
 

.........................................

Mrs L Owens
Director

 

Just Perfect Catering Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

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:
Just Perfect Catering Unit 17 Enterprise Centre
Bryn Road
Aberkenfig
Bridgend
Mid Glamorgan
CF32 9BS

These financial statements were authorised for issue by the Board on 30 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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 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 and deferred 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.

 

Just Perfect Catering Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Leasehold land and buildings

Straight line over 10 years

Website

Straight line over 10 years

Furniture, fittings and equipment

Straight line over 7 years

Motor vehicles

Straight line over 7 years

Plant and machinery

Straight line over 7 years

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.

 

Just Perfect Catering Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

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.

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.

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 directors) during the year, was 92 (2023 - 75).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

72,721

65,305

 

Just Perfect Catering Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Leasehold land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Website
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

15,450

142,611

44,257

11,050

305,723

519,091

Additions

-

111,381

25,785

-

24,043

161,209

Disposals

-

-

(19,472)

-

(5,887)

(25,359)

At 31 March 2024

15,450

253,992

50,570

11,050

323,879

654,941

Depreciation

At 1 April 2023

3,404

65,172

8,302

8,685

101,715

187,278

Charge for the year

1,545

19,035

6,650

1,105

44,385

72,720

Eliminated on disposal

-

-

(5,357)

-

(1,612)

(6,969)

At 31 March 2024

4,949

84,207

9,595

9,790

144,488

253,029

Carrying amount

At 31 March 2024

10,501

169,785

40,975

1,260

179,391

401,912

At 31 March 2023

12,046

77,439

35,955

2,365

204,008

331,813

Included within the net book value of leasehold land and buildings above is £10,501 (2023 - £12,046 in respect of leasehold land and buildings.
 

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Related party transactions

Summary of transactions with key management

The directors made unsecured, intererst free, repayable on demand loans to the company during the period. At the balance sheet date the amount due to the directors was £148,654 (2023 - £114,073).