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Registered number: 4305454
CATER UK LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
Goldstar Accountants Ltd
Chartered Accountants & Registered Auditors
63 London Street
Reading
RG1 4PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 4305454
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 5,800
Tangible Assets 5 192,741 187,988
192,741 193,788
CURRENT ASSETS
Stocks 6 2,950 2,225
Debtors 7 31,913 26,582
Cash at bank and in hand 36,990 47,775
71,853 76,582
Creditors: Amounts Falling Due Within One Year 8 (137,077 ) (146,560 )
NET CURRENT ASSETS (LIABILITIES) (65,224 ) (69,978 )
TOTAL ASSETS LESS CURRENT LIABILITIES 127,517 123,810
Creditors: Amounts Falling Due After More Than One Year 9 (79,013 ) (91,235 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,050 ) (8,572 )
NET ASSETS 40,454 24,003
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 40,354 23,903
SHAREHOLDERS' FUNDS 40,454 24,003
Page 1
Page 2
For the year ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Graham Withers
Director
19/07/2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CATER UK LTD is a private company, limited by shares, incorporated in England & Wales, registered number 4305454 . The registered office is Unit 1 Cafaude Business Park, Cafaude Lane, Bramley, RG26 5DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold -
Motor Vehicles 25 % Reducing Basis
Fixtures & Fittings 25 % Reducing Basis
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2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 58,000
As at 31 October 2023 58,000
Amortisation
As at 1 November 2022 52,200
Provided during the period 5,800
As at 31 October 2023 58,000
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 5,800
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 142,872 44,273 103,441 290,586
Additions 7,500 - 5,268 12,768
As at 31 October 2023 150,372 44,273 108,709 303,354
...CONTINUED
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Depreciation
As at 1 November 2022 - 17,047 85,551 102,598
Provided during the period - 4,084 3,931 8,015
As at 31 October 2023 - 21,131 89,482 110,613
Net Book Value
As at 31 October 2023 150,372 23,142 19,227 192,741
As at 1 November 2022 142,872 27,226 17,890 187,988
6. Stocks
2023 2022
£ £
Materials 2,950 2,225
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 31,913 26,582
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 20,832 15,632
Corporation tax 14,908 16,518
Other taxes and social security 878 2,623
VAT 12,302 20,748
Net wages 5,698 4,252
Other creditors 296 239
Accruals and deferred income 3,957 8,344
Directors' loan accounts 78,206 78,204
137,077 146,560
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 36,669 41,235
Bank loans 42,344 50,000
79,013 91,235
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10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 36,669 41,235
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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