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REGISTERED NUMBER: 06645205 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30th April 2024

for

Select Catering Solutions Limited

Select Catering Solutions Limited (Registered number: 06645205)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Select Catering Solutions Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: J M Armstrong
P J Armstrong





SECRETARY: M F Armstrong





REGISTERED OFFICE: Unit 1 Harrison Road
Airfield Business Park
Market Harborough
Leicestershire
LE16 7UL





REGISTERED NUMBER: 06645205 (England and Wales)





ACCOUNTANTS: Barker & Co
Chartered Accountants
Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY

Select Catering Solutions Limited (Registered number: 06645205)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 30,000
Tangible assets 5 222,588 225,691
222,588 255,691

CURRENT ASSETS
Stocks 205,228 231,345
Debtors 6 543,980 499,697
Cash at bank 398,219 306,665
1,147,427 1,037,707
CREDITORS
Amounts falling due within one year 7 839,974 727,921
NET CURRENT ASSETS 307,453 309,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,041

565,477

CREDITORS
Amounts falling due after more than one
year

8

(73,614

)

(127,887

)

PROVISIONS FOR LIABILITIES (43,700 ) (33,000 )
NET ASSETS 412,727 404,590

CAPITAL AND RESERVES
Called up share capital 10 105 105
Retained earnings 412,622 404,485
SHAREHOLDERS' FUNDS 412,727 404,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Select Catering Solutions Limited (Registered number: 06645205)

Balance Sheet - continued
30th April 2024


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 Board of Directors and authorised for issue on 4th October 2024 and were signed on its behalf by:





P J Armstrong - Director


Select Catering Solutions Limited (Registered number: 06645205)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Select Catering Solutions Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Website - Straight line over 5 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment for hire - Straight line on cost over 7 years

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.

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 20 (2023 - 20 ) .

Select Catering Solutions Limited (Registered number: 06645205)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 300,000
AMORTISATION
At 1st May 2023 270,000
Amortisation for year 30,000
At 30th April 2024 300,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 30,000

5. TANGIBLE FIXED ASSETS
Plant and
Buildings Website machinery
£    £    £   
COST
At 1st May 2023 64,203 15,690 158,092
Additions 1,708 - 37,422
Disposals - - -
At 30th April 2024 65,911 15,690 195,514
DEPRECIATION
At 1st May 2023 16,649 15,690 50,507
Charge for year 6,478 - 30,566
Eliminated on disposal - - -
At 30th April 2024 23,127 15,690 81,073
NET BOOK VALUE
At 30th April 2024 42,784 - 114,441
At 30th April 2023 47,554 - 107,585

Select Catering Solutions Limited (Registered number: 06645205)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Equipment
fittings vehicles for hire Totals
£    £    £    £   
COST
At 1st May 2023 27,895 123,934 15,668 405,482
Additions 7,548 - 13,654 60,332
Disposals (7,147 ) - (8,169 ) (15,316 )
At 30th April 2024 28,296 123,934 21,153 450,498
DEPRECIATION
At 1st May 2023 20,331 69,295 7,319 179,791
Charge for year 3,540 13,660 1,777 56,021
Eliminated on disposal (6,193 ) - (1,709 ) (7,902 )
At 30th April 2024 17,678 82,955 7,387 227,910
NET BOOK VALUE
At 30th April 2024 10,618 40,979 13,766 222,588
At 30th April 2023 7,564 54,639 8,349 225,691


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 536,076 488,791
Prepayments 7,904 10,906
543,980 499,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 38,216 38,216
Trade creditors 667,421 607,017
Corporation tax 42,500 3,650
Social security and other taxes 22,600 29,491
Loan 23,252 22,607
Directors' current accounts 25,331 16,710
Accrued expenses 20,654 10,230
839,974 727,921

Select Catering Solutions Limited (Registered number: 06645205)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 55,758 89,657
Loan 17,856 38,230
73,614 127,887

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase & contract lease 93,974 127,873

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nom Value: £

100 A Share £1 100
1 B Share £1 1
1 C Share £1 1
1 D Share £1 1
1 E Share £1 1
1 F Share £1 1

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following transactions with directors subsisted during the year:

Mr J M Armstrong£   
Private expenses103,315
Wages not taken(23,234)
Rent received(36,720)


Mr P J Armstrong
Private expenses79,064
Wages not taken(29,046)


During the year the company accrued interest due of £997 (2023 £1,159) to Mr J M Armstrong, Mr P J Armstrong, directors of the company and Mrs M F Armstrong (wife of Mr J M Armstrong) arising from their loans to the business at a rate of 2%