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REGISTERED NUMBER: 11014704 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

CANTLOW CATERING LIMITED

CANTLOW CATERING LIMITED (REGISTERED NUMBER: 11014704)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANTLOW CATERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: B A Sandland





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 11014704 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

CANTLOW CATERING LIMITED (REGISTERED NUMBER: 11014704)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,000 45,500
Tangible assets 5 27,175 32,526
66,175 78,026

CURRENT ASSETS
Stocks 5,261 7,785
Debtors 6 27,722 53,917
Cash at bank and in hand - 895
32,983 62,597
CREDITORS
Amounts falling due within one year 7 83,720 107,417
NET CURRENT LIABILITIES (50,737 ) (44,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,438

33,206

CREDITORS
Amounts falling due after more than one
year

8

31,939

36,771
NET LIABILITIES (16,501 ) (3,565 )

CAPITAL AND RESERVES
Called up and paid share capital 1 1
Retained earnings (16,502 ) (3,566 )
SHAREHOLDERS' FUNDS (16,501 ) (3,565 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

CANTLOW CATERING LIMITED (REGISTERED NUMBER: 11014704)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:





B A Sandland - Director


CANTLOW CATERING LIMITED (REGISTERED NUMBER: 11014704)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Cantlow Catering 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Kitchen equipment - 25% 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.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


CANTLOW CATERING LIMITED (REGISTERED NUMBER: 11014704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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 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.

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
The financial statements have been prepared on the going concern basis. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of its bankers and creditors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

CANTLOW CATERING LIMITED (REGISTERED NUMBER: 11014704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 65,000
AMORTISATION
At 1 February 2023 19,500
Amortisation for year 6,500
At 31 January 2024 26,000
NET BOOK VALUE
At 31 January 2024 39,000
At 31 January 2023 45,500

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Kitchen
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 23,428 12,828 34,233 70,489
DEPRECIATION
At 1 February 2023 2,343 5,504 30,116 37,963
Charge for year 2,343 1,099 1,909 5,351
At 31 January 2024 4,686 6,603 32,025 43,314
NET BOOK VALUE
At 31 January 2024 18,742 6,225 2,208 27,175
At 31 January 2023 21,085 7,324 4,117 32,526

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,722 -
Other debtors - 13,491
Directors' current accounts - 40,426
27,722 53,917

CANTLOW CATERING LIMITED (REGISTERED NUMBER: 11014704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,349 5,217
Trade creditors 14,458 53,894
Tax 18,760 32,828
Social security and other taxes 2,075 397
VAT 32,158 12,730
Other creditors 1,098 927
Directors' current accounts 8,262 -
Accruals and deferred income 1,560 1,424
83,720 107,417

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-5 years 22,788 22,224
Bank loans more 5 yr by instal 9,151 14,547
31,939 36,771

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,151 14,547

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the directors operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £21,030 (2023 - £40,426). Repayments during the year were £40,426 (2023 - nil ). At the year end the amount owing to the company was £21,030 (2023 - £40,426).