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REGISTERED NUMBER: 08879337 (England and Wales)











Unaudited Financial Statements

for the Period 27 February 2023 to 18 February 2024

for

The Cheese Truck Limited

The Cheese Truck Limited (Registered number: 08879337)

Contents of the Financial Statements
for the Period 27 February 2023 to 18 February 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Cheese Truck Limited

Company Information
for the Period 27 February 2023 to 18 February 2024







DIRECTOR: M J Carver





REGISTERED OFFICE: The Cheese Bar Unit 93
Camden Market
London
NW1 8AH





REGISTERED NUMBER: 08879337 (England and Wales)





ACCOUNTANTS: Solutions 4 Caterers Ltd
Westmead House
Westmead
Farnborough
Hampshire
GU14 7LP

The Cheese Truck Limited (Registered number: 08879337)

Statement of Financial Position
18 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 23,368 74,227
Tangible assets 5 416,341 287,344
Investments 6 100 100
439,809 361,671

CURRENT ASSETS
Stocks 7 54,261 44,927
Debtors 8 235,869 189,030
Cash at bank and in hand 408,728 113,457
698,858 347,414
CREDITORS
Amounts falling due within one year 9 (1,019,094 ) (722,650 )
NET CURRENT LIABILITIES (320,236 ) (375,236 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,573

(13,565

)

CREDITORS
Amounts falling due after more than one
year

10

(97,242

)

(29,395

)

PROVISIONS FOR LIABILITIES (5,933 ) (5,933 )
NET ASSETS/(LIABILITIES) 16,398 (48,893 )

CAPITAL AND RESERVES
Called up share capital 140 140
Share premium 289,975 289,975
Retained earnings (273,717 ) (339,008 )
16,398 (48,893 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 18 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 18 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The Cheese Truck Limited (Registered number: 08879337)

Statement of Financial Position - continued
18 February 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 director and authorised for issue on 30 August 2024 and were signed by:





M J Carver - Director


The Cheese Truck Limited (Registered number: 08879337)

Notes to the Financial Statements
for the Period 27 February 2023 to 18 February 2024


1. STATUTORY INFORMATION

The Cheese Truck 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Developments are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the remaining period of the lease
Equipment - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33.33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


The Cheese Truck Limited (Registered number: 08879337)

Notes to the Financial Statements - continued
for the Period 27 February 2023 to 18 February 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.

Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability. The interest element of rental obligations is charged to the Income Statement over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the Income Statement when due.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 75 (2023 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 27 February 2023
and 18 February 2024 259,104
AMORTISATION
At 27 February 2023 184,877
Charge for period 50,859
At 18 February 2024 235,736
NET BOOK VALUE
At 18 February 2024 23,368
At 26 February 2023 74,227

The Cheese Truck Limited (Registered number: 08879337)

Notes to the Financial Statements - continued
for the Period 27 February 2023 to 18 February 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold Equipment fittings
£    £    £   
COST
At 27 February 2023 130,159 76,028 351,164
Additions 63,852 172,385 7,820
At 18 February 2024 194,011 248,413 358,984
DEPRECIATION
At 27 February 2023 29,951 27,340 217,560
Charge for period 18,216 25,101 73,116
At 18 February 2024 48,167 52,441 290,676
NET BOOK VALUE
At 18 February 2024 145,844 195,972 68,308
At 26 February 2023 100,208 48,688 133,604

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 27 February 2023 27,739 17,789 602,879
Additions - 5,926 249,983
At 18 February 2024 27,739 23,715 852,862
DEPRECIATION
At 27 February 2023 27,738 12,946 315,535
Charge for period - 4,553 120,986
At 18 February 2024 27,738 17,499 436,521
NET BOOK VALUE
At 18 February 2024 1 6,216 416,341
At 26 February 2023 1 4,843 287,344

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 27 February 2023
and 18 February 2024 100
NET BOOK VALUE
At 18 February 2024 100
At 26 February 2023 100

The Cheese Truck Limited (Registered number: 08879337)

Notes to the Financial Statements - continued
for the Period 27 February 2023 to 18 February 2024


7. STOCKS
2024 2023
£    £   
Stocks 54,261 44,927

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,600 1,946
Amounts owed by group undertakings 24,543 17,749
Other debtors 99,275 124,012
Director's current account 27,663 16,825
Prepayments 52,788 28,498
235,869 189,030

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,162 9,911
Hire purchase contracts (see note 11) 47,265 38,782
Trade creditors 231,837 273,698
Social security and other taxes 146,250 109,742
VAT 170,521 124,176
Other creditors 275,265 120,308
Accruals and deferred income 137,794 46,033
1,019,094 722,650

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-5 years 13,843 24,111
Hire purchase contracts (see note 11) 53,399 5,284
Other creditors 30,000 -
97,242 29,395

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 47,265 38,782
Between one and five years 53,399 5,284
100,664 44,066

The Cheese Truck Limited (Registered number: 08879337)

Notes to the Financial Statements - continued
for the Period 27 February 2023 to 18 February 2024


11. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 405,106 407,415
Between one and five years 256,111 549,104
In more than five years 221,178 319,598
882,395 1,276,117

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 18 February 2024 and 26 February 2023:

2024 2023
£    £   
M J Carver
Balance outstanding at start of period 16,825 (2,435 )
Amounts advanced 17,504 19,260
Amounts repaid (6,666 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 27,663 16,825

The above loan is interest free, unsecured and repayable on demand.