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REGISTERED NUMBER: 10774915 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

IRV-CATER LIMITED

IRV-CATER LIMITED (REGISTERED NUMBER: 10774915)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IRV-CATER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: A F Fouda
Mrs C I Ferreira





REGISTERED OFFICE: 409 Strand
London
WC2R 0NS





REGISTERED NUMBER: 10774915 (England and Wales)





ACCOUNTANTS: Ackland Webb Ltd
Chartered Certified Accountants
Suite 1, First Floor
3 Jubilee Way
Faversham
Kent
ME13 8GD

IRV-CATER LIMITED (REGISTERED NUMBER: 10774915)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 450,707 254,566

CURRENT ASSETS
Stocks 16,000 17,007
Debtors 5 173,559 114,542
Cash at bank and in hand 206,470 65,232
396,029 196,781
CREDITORS
Amounts falling due within one year 6 (654,766 ) (358,400 )
NET CURRENT LIABILITIES (258,737 ) (161,619 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,970

92,947

CREDITORS
Amounts falling due after more than one
year

7

(295,000

)

(310,000

)
NET LIABILITIES (103,030 ) (217,053 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (103,032 ) (217,055 )
SHAREHOLDERS' FUNDS (103,030 ) (217,053 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 29 November 2024 and were signed on its behalf by:





A F Fouda - Director


IRV-CATER LIMITED (REGISTERED NUMBER: 10774915)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Irv-Cater 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance, 20% on cost and 10% on 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 year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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.

Going concern
As the year end, the company reported net liabilities of £103,030. The company's operations are supported by the directors' who have confirmed that support will continue indefinitely.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 15 ) .

IRV-CATER LIMITED (REGISTERED NUMBER: 10774915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 23,970 267,284 291,254
Additions 12,221 265,798 278,019
At 29 February 2024 36,191 533,082 569,273
DEPRECIATION
At 1 March 2023 1,918 34,770 36,688
Charge for year 1,447 80,431 81,878
At 29 February 2024 3,365 115,201 118,566
NET BOOK VALUE
At 29 February 2024 32,826 417,881 450,707
At 28 February 2023 22,052 232,514 254,566

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 45,963 28,678
Amounts owed by group undertakings 21,447 -
Other debtors 106,149 85,864
173,559 114,542

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 125,013 137,899
Amounts owed to group undertakings 3,600 66,994
Taxation and social security 256,050 116,001
Other creditors 270,103 37,506
654,766 358,400

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 295,000 310,000

8. OTHER FINANCIAL COMMITMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within 1 year 250,000
Between 1 and 5 years 1,000,000
In more than 5 years 4,312,500

IRV-CATER LIMITED (REGISTERED NUMBER: 10774915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. RELATED PARTY DISCLOSURES

Other creditors due after more than one year of £295,000 (2023: £310,000) relates to a loan from Woodblox Limited, a company which Mrs Ferreira is a 100% shareholder. No interest is charged on the loan and there is no formal agreement for repayment of the loan.