Registered number
06805798
Humdingers Catering Limited
Filleted Accounts
31 January 2024
Humdingers Catering Limited
Registered number: 06805798
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 142,735 114,956
Current assets
Stocks 50,000 50,000
Debtors 4 277,024 138,471
Investments held as current assets 5 - 5,996
Cash at bank and in hand 338,527 348,817
665,551 543,284
Creditors: amounts falling due within one year 6 (457,116) (421,938)
Net current assets 208,435 121,346
Total assets less current liabilities 351,170 236,302
Creditors: amounts falling due after more than one year 7 (27,362) (37,172)
Net assets 323,808 199,130
Capital and reserves
Called up share capital 100 100
Profit and loss account 323,708 199,030
Shareholder's funds 323,808 199,130
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Hunningher
Director
Approved by the board on 19 November 2024
Humdingers Catering Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 31 31
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 - 247,351 247,351
Additions 20,000 48,691 68,691
At 31 January 2024 20,000 296,042 316,042
Depreciation
At 1 February 2023 - 132,395 132,395
Charge for the year - 40,912 40,912
At 31 January 2024 - 173,307 173,307
Net book value
At 31 January 2024 20,000 122,735 142,735
At 31 January 2023 - 114,956 114,956
4 Debtors 2024 2023
£ £
Trade debtors 104,648 115,971
Other debtors 172,376 22,500
277,024 138,471
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments - 5,996
6 Creditors: amounts falling due within one year 2024 2023
£ £
Director's loan account - 3,848
Trade creditors 89,276 105,171
Taxation and social security costs 325,586 291,552
Other creditors 42,254 21,367
457,116 421,938
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 27,362 37,172
8 Other information
Humdingers Catering Limited is a private company limited by shares and incorporated in England. Its registered office is:
234-236 Hoxton Street
London
N1 5LX
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