REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
GLOUCESTERSHIRE EVERYMAN THEATRE |
CATERING COMPANY LIMITED |
REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
GLOUCESTERSHIRE EVERYMAN THEATRE |
CATERING COMPANY LIMITED |
GLOUCESTERSHIRE EVERYMAN THEATRE |
CATERING COMPANY LIMITED (REGISTERED NUMBER: 02705166) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
GLOUCESTERSHIRE EVERYMAN THEATRE |
CATERING COMPANY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
6 Manor Park Business Centre |
Mackenzie Way |
Cheltenham |
Gloucestershire |
GL51 9TX |
GLOUCESTERSHIRE EVERYMAN THEATRE |
CATERING COMPANY LIMITED (REGISTERED NUMBER: 02705166) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
31 MARCH 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
GLOUCESTERSHIRE EVERYMAN THEATRE |
CATERING COMPANY LIMITED (REGISTERED NUMBER: 02705166) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Gloucestershire Everyman Theatre Catering Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
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. |
Revenue is recognised at the point of product consumption and service delivery. |
Tangible fixed assets |
Fixtures and fittings | - |
Depreciation is charged from the year following addition. The deminimus limit below which tangible fixed assets are not capitalised is £1,000. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Cost is defined as the average cost of goods including transport costs. Net realisable value is based on estimated selling price less further costs expected to be incurred prior to disposal. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
GLOUCESTERSHIRE EVERYMAN THEATRE |
CATERING COMPANY LIMITED (REGISTERED NUMBER: 02705166) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 31.3.24 | 31.3.23 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
GLOUCESTERSHIRE EVERYMAN THEATRE |
CATERING COMPANY LIMITED (REGISTERED NUMBER: 02705166) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
7. | RELATED PARTY DISCLOSURES |
Gloucestershire Everyman Theatre Company Limited |
Parent charitable company |
During the year, profits of £73,827 (2023: £10,860) were paid up to the parent charity by way of dividend under deed of covenant. |
During the year, charges were received from the parent charity of £318,208 (2023: £210,379) for the provision of rent, utilities and other expenditure incurred on the company's behalf. |
During the year, charges were made to the parent charity of £57,994 (2023: £47,723) for costs incurred by the company on the parent charity's behalf. |
At the year end, £38,245 (2023: £46,720) was due to the parent charity. |
The Gloucestershire Everyman Theatre Productions Company Limited |
Fellow-subsidiary company |
During the year, goods to the value of £12 (2023: £156) were sold to the related party on an arms' length basis. |
Mark Goucher Productions Limited |
Company in which one of the directors is also a director |
During the year, goods to the value of £210 (2023: £643) were sold to the related party on an arms' length basis. |
BPE Solicitors |
Company in which one of the directors is also a partner |
J Workman, a trustee of the Theatre, is a partner in BPE Solicitors. |
During the year, goods to the value of £515 (2023: £nil) were sold to the related party on an arms' length basis. |