REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30th April 2024 |
for |
Select Catering Solutions Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Website | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Equipment for hire | - |
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 |
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 |
AMORTISATION |
At 1st May 2023 |
Amortisation for year |
At 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
At 30th April 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Buildings | Website | machinery |
£ | £ | £ |
COST |
At 1st May 2023 |
Additions |
Disposals |
At 30th April 2024 |
DEPRECIATION |
At 1st May 2023 |
Charge for year |
Eliminated on disposal |
At 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
At 30th April 2023 |
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 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 30th April 2024 |
DEPRECIATION |
At 1st May 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
At 30th April 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Corporation tax |
Social security and other taxes |
Loan |
Directors' current accounts |
Accrued expenses |
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 |
Loan |
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 expenses | 103,315 |
Wages not taken | (23,234 | ) |
Rent received | (36,720 | ) |
Mr P J Armstrong |
Private expenses | 79,064 |
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% |