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REGISTERED NUMBER: 07905298 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

GWF Catering Limited

GWF Catering Limited (Registered number: 07905298)






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


GWF Catering Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: J P Fay





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 07905298 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

GWF Catering Limited (Registered number: 07905298)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,311 55,568

CURRENT ASSETS
Stocks 10,213 9,151
Debtors 5 1,112 32,889
Cash at bank and in hand 47,120 12,038
58,445 54,078
CREDITORS
Amounts falling due within one year 6 98,202 107,439
NET CURRENT LIABILITIES (39,757 ) (53,361 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,554

2,207

CREDITORS
Amounts falling due after more than one
year

7

(52,000

)

(78,005

)

PROVISIONS FOR LIABILITIES (11,649 ) -
NET LIABILITIES (42,095 ) (75,798 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (42,195 ) (75,898 )
SHAREHOLDERS' FUNDS (42,095 ) (75,798 )

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.

GWF Catering Limited (Registered number: 07905298)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 January 2025 and were signed by:





J P Fay - Director


GWF Catering Limited (Registered number: 07905298)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

GWF 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on provision of catering services, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised as the services are provided.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


GWF Catering Limited (Registered number: 07905298)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 50,712 61,960 2,919 115,591
Additions - 36,075 - 36,075
At 31 January 2024 50,712 98,035 2,919 151,666
DEPRECIATION
At 1 February 2023 34,660 22,974 2,389 60,023
Charge for year 7,547 22,524 261 30,332
At 31 January 2024 42,207 45,498 2,650 90,355
NET BOOK VALUE
At 31 January 2024 8,505 52,537 269 61,311
At 31 January 2023 16,052 38,986 530 55,568

GWF Catering Limited (Registered number: 07905298)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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
At 1 February 2023
and 31 January 2024 20,201
DEPRECIATION
At 1 February 2023 7,576
Charge for year 5,050
At 31 January 2024 12,626
NET BOOK VALUE
At 31 January 2024 7,575
At 31 January 2023 12,625

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 1,112 32,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 24,000 24,000
Hire purchase contracts (see note 8) 2,005 4,011
Trade creditors 7,986 19,652
Amounts owed to associates 20,645 12,086
Taxation and social security 12,200 41,125
Other creditors 31,366 6,565
98,202 107,439

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 52,000 76,000
Hire purchase contracts (see note 8) - 2,005
52,000 78,005

GWF Catering Limited (Registered number: 07905298)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.24 31.1.23
£    £   
Net obligations repayable:
Within one year 2,005 4,011
Between one and five years - 2,005
2,005 6,016

Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Within one year 2,248 2,330
Between one and five years 6,744 -
8,992 2,330

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
J P Fay
Balance outstanding at start of year 12,203 28,170
Amounts repaid (12,203 ) (15,967 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 12,203