IRIS Accounts Production v24.3.2.46 SC593409 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5934092023-04-30SC5934092024-04-30SC5934092023-05-012024-04-30SC5934092022-04-30SC5934092022-05-012023-04-30SC5934092023-04-30SC593409ns15:Scotland2023-05-012024-04-30SC593409ns14:PoundSterling2023-05-012024-04-30SC593409ns10:Director12023-05-012024-04-30SC593409ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC593409ns10:SmallEntities2023-05-012024-04-30SC593409ns10:AuditExemptWithAccountantsReport2023-05-012024-04-30SC593409ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC593409ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC593409ns10:FullAccounts2023-05-012024-04-30SC593409ns10:Director22023-05-012024-04-30SC593409ns10:RegisteredOffice2023-05-012024-04-30SC593409ns5:CurrentFinancialInstruments2024-04-30SC593409ns5:CurrentFinancialInstruments2023-04-30SC593409ns5:Non-currentFinancialInstruments2024-04-30SC593409ns5:Non-currentFinancialInstruments2023-04-30SC593409ns5:ShareCapital2024-04-30SC593409ns5:ShareCapital2023-04-30SC593409ns5:RetainedEarningsAccumulatedLosses2024-04-30SC593409ns5:RetainedEarningsAccumulatedLosses2023-04-30SC593409ns5:PlantMachinery2023-05-012024-04-30SC593409ns5:FurnitureFittings2023-05-012024-04-30SC593409ns5:MotorVehicles2023-05-012024-04-30SC593409ns5:PlantMachinery2023-04-30SC593409ns5:FurnitureFittings2023-04-30SC593409ns5:MotorVehicles2023-04-30SC593409ns5:PlantMachinery2024-04-30SC593409ns5:FurnitureFittings2024-04-30SC593409ns5:MotorVehicles2024-04-30SC593409ns5:PlantMachinery2023-04-30SC593409ns5:FurnitureFittings2023-04-30SC593409ns5:MotorVehicles2023-04-30SC593409ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-012024-04-30SC593409ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-04-30SC593409ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC593409ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30SC593409ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-30SC593409ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-30SC593409ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-30SC593409ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-30SC593409ns5:DeferredTaxation2023-04-30SC593409ns5:DeferredTaxation2023-05-012024-04-30SC593409ns5:DeferredTaxation2024-04-30SC5934091ns10:Director12023-04-30SC5934091ns10:Director12022-04-30SC5934091ns10:Director12023-05-012024-04-30SC5934091ns10:Director12022-05-012023-04-30SC5934091ns10:Director12024-04-30SC5934091ns10:Director12023-04-30SC593409ns10:Director222023-04-30SC593409ns10:Director222022-04-30SC593409ns10:Director222023-05-012024-04-30SC593409ns10:Director222022-05-012023-04-30SC593409ns10:Director222024-04-30SC593409ns10:Director222023-04-30
REGISTERED NUMBER: SC593409 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

NORTH EAST CUISINE LTD

NORTH EAST CUISINE LTD (REGISTERED NUMBER: SC593409)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

NORTH EAST CUISINE LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Mr J Abbott
Mrs C Abbott





REGISTERED OFFICE: 17 Bernham Park
Stonehaven
Aberdeenshire
AB39 2WE





REGISTERED NUMBER: SC593409 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

NORTH EAST CUISINE LTD (REGISTERED NUMBER: SC593409)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,279 50,481

CURRENT ASSETS
Stocks 3,202 1,740
Debtors 5 8,542 12,995
Cash at bank 202,019 122,268
213,763 137,003
CREDITORS
Amounts falling due within one year 6 98,511 39,735
NET CURRENT ASSETS 115,252 97,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,531

147,749

CREDITORS
Amounts falling due after more than one year 7 (52,758 ) (21,594 )

PROVISIONS FOR LIABILITIES 8 (16,538 ) (13,377 )
NET ASSETS 131,235 112,778

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 131,233 112,776
131,235 112,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 20 January 2025 and were signed on its behalf by:





Mr J Abbott - Director


NORTH EAST CUISINE LTD (REGISTERED NUMBER: SC593409)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

North East Cuisine Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost and 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

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.


NORTH EAST CUISINE LTD (REGISTERED NUMBER: SC593409)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 46,706 11,024 26,432 84,162
Additions - - 52,835 52,835
At 30 April 2024 46,706 11,024 79,267 136,997
DEPRECIATION
At 1 May 2023 22,568 5,827 5,286 33,681
Charge for year 5,547 1,039 11,451 18,037
At 30 April 2024 28,115 6,866 16,737 51,718
NET BOOK VALUE
At 30 April 2024 18,591 4,158 62,530 85,279
At 30 April 2023 24,138 5,197 21,146 50,481

NORTH EAST CUISINE LTD (REGISTERED NUMBER: SC593409)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 52,835
At 30 April 2024 52,835
DEPRECIATION
Charge for year 6,164
At 30 April 2024 6,164
NET BOOK VALUE
At 30 April 2024 46,671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,505 10,421
VAT 37 2,574
8,542 12,995

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,225 9,973
Hire purchase contracts 6,965 -
Trade creditors 1,930 -
Tax 11,888 5,872
Social security and other taxes 2,098 2,644
Other creditors - 9,421
Directors' loan accounts 63,354 9,873
Accrued expenses 2,051 1,952
98,511 39,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,484 10,225
Bank loans - 2-5 years 886 11,369
Hire purchase contracts 41,388 -
52,758 21,594

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,538 13,377

NORTH EAST CUISINE LTD (REGISTERED NUMBER: SC593409)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 13,377
Provided during year 3,161
Balance at 30 April 2024 16,538

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr J Abbott
Balance outstanding at start of year (9,873 ) (39,249 )
Amounts advanced 12,528 30,000
Amounts repaid (39,649 ) (624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36,994 ) (9,873 )

Mrs C Abbott
Balance outstanding at start of year - -
Amounts repaid (26,360 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26,360 ) -

The above loans are interest free and have no set repayment terms.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NORTH EAST CUISINE LTD (REGISTERED NUMBER: SC593409)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of North East Cuisine Ltd for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of North East Cuisine Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of North East Cuisine Ltd and state those matters that we have agreed to state to the Board of Directors of North East Cuisine Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that North East Cuisine Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of North East Cuisine Ltd. You consider that North East Cuisine Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of North East Cuisine Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


21 January 2025