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Registration number: 14794735

KCMC Catering Services Ltd

Unaudited Filleted Financial Statements

for the Period from 12 April 2023 to 30 April 2024

 

KCMC Catering Services Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 8

 

KCMC Catering Services Ltd

Company Information

Directors

Charles Crowe

Kim Crowe

Registered office

103 Tollgate Drive
Hayes
UB4 0NW

Accountants

MG Group (Professional Services) Limited
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

 

KCMC Catering Services Ltd

Directors' Report for the Period from 12 April 2023 to 30 April 2024

The directors present their report and the financial statements for the period from 12 April 2023 to 30 April 2024.

Incorporation

The company was incorporated on 12 April 2023.

Directors of the company

The directors who held office during the period were as follows:

Charles Crowe

Kim Crowe

Principal activity

The principal activity of the company is Wholesale of wine, beer, spirits and other alcoholic beverages , public houses and bars

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 11 October 2024 and signed on its behalf by:
 

.........................................
Charles Crowe
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
KCMC Catering Services Ltd
for the Period Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KCMC Catering Services Ltd for the period ended 30 April 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of KCMC Catering Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of KCMC Catering Services Ltd and state those matters that we have agreed to state to the Board of Directors of KCMC Catering Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KCMC Catering Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that KCMC Catering Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of KCMC Catering Services Ltd. You consider that KCMC Catering Services Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of KCMC Catering Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

MG Group (Professional Services) Limited
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

11 October 2024

 

KCMC Catering Services Ltd

(Registration number: 14794735)
Balance Sheet as at 30 April 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

4,517

Current assets

 

Stocks

6

10,336

Debtors

7

240

Cash at bank and in hand

 

16,604

 

27,180

Creditors: Amounts falling due within one year

8

(40,436)

Net current liabilities

 

(13,256)

Net liabilities

 

(8,739)

Capital and reserves

 

Called up share capital

2

Retained earnings

(8,741)

Shareholders' deficit

 

(8,739)

For the financial period ending 30 April 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 period 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.

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 11 October 2024 and signed on its behalf by:
 

.........................................
Charles Crowe
Director

 

KCMC Catering Services Ltd

Notes to the Unaudited Financial Statements for the Period from 12 April 2023 to 30 April 2024

1

General information

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

The address of its registered office is:
103 Tollgate Drive
Hayes
UB4 0NW
England

These financial statements were authorised for issue by the Board on 11 October 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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

The financial statements are prepared in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 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.

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, under construction over their estimated useful lives, as follows:

 

KCMC Catering Services Ltd

Notes to the Unaudited Financial Statements for the Period from 12 April 2023 to 30 April 2024

Asset class

Depreciation method and rate

Leasehold improvements

Over 5 years

Furniture & Fixtures

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.

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.

 

KCMC Catering Services Ltd

Notes to the Unaudited Financial Statements for the Period from 12 April 2023 to 30 April 2024

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 period, was 2.

4

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amounted to £355.

 

KCMC Catering Services Ltd

Notes to the Unaudited Financial Statements for the Period from 12 April 2023 to 30 April 2024

5

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

Additions

3,267

2,201

5,468

At 30 April 2024

3,267

2,201

5,468

Depreciation

Charge for the period

653

298

951

At 30 April 2024

653

298

951

Carrying amount

At 30 April 2024

2,614

1,903

4,517

6

Stocks

2024
£

Finished goods and goods for resale

10,336

7

Debtors

Current

2024
£

Trade debtors

240

 

240

8

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

9,756

Taxation and social security

4,284

Accruals and deferred income

1,800

Other creditors

24,596

40,436