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Company Registration No. 07192981 (England and Wales)
GUSTO CATERING LIMITED Unaudited accounts for the year ended 31 March 2024
GUSTO CATERING LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,376 
111,041 
Current assets
Inventories
15,965 
35,244 
Debtors
- 
7,281 
Cash at bank and in hand
37,171 
18,791 
53,136 
61,316 
Creditors: amounts falling due within one year
(184,265)
(180,166)
Net current liabilities
(131,129)
(118,850)
Total assets less current liabilities
(67,753)
(7,809)
Creditors: amounts falling due after more than one year
(55,089)
(77,470)
Net liabilities
(122,842)
(85,279)
Capital and reserves
Called up share capital
120 
120 
Revaluation reserve
10,907 
10,907 
Capital redemption reserve
78,750 
78,750 
Profit and loss account
(212,619)
(175,056)
Shareholders' funds
(122,842)
(85,279)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
Antony Paul HORTON TILLEY Director Company Registration No. 07192981
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GUSTO CATERING LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
GUSTO CATERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07192981. The registered office is Archers Rest, Queen Eleanor Drive, Great Denham, Bedford, Bedfordshire, MK40 4SQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
- 25% reducing balance
Motor vehicles
- 10 years Straight Line
Computer equipment
- 25% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
320,655 
14,300 
7,597 
342,552 
Additions
4,118 
- 
- 
4,118 
Disposals
(26,823)
(2,800)
(1,035)
(30,658)
At 31 March 2024
297,950 
11,500 
6,562 
316,012 
Depreciation
At 1 April 2023
221,829 
3,940 
5,742 
231,511 
Charge for the year
19,030 
1,890 
205 
21,125 
At 31 March 2024
240,859 
5,830 
5,947 
252,636 
Net book value
At 31 March 2024
57,091 
5,670 
615 
63,376 
At 31 March 2023
98,826 
10,360 
1,855 
111,041 
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GUSTO CATERING LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,281 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
22,522 
11,644 
Trade creditors
30,434 
40,004 
Taxes and social security
3,171 
9,901 
Other creditors
126,738 
117,497 
Accruals
1,400 
1,120 
184,265 
180,166 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,685 
31,797 
Other creditors
33,404 
45,673 
55,089 
77,470 
8
Average number of employees
During the year the average number of employees was 20 (2023: 20).
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