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REGISTERED NUMBER: 04435291 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

The Mobile Catering Group Limited

The Mobile Catering Group Limited (Registered number: 04435291)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Mobile Catering Group Limited

Company Information
for the Year Ended 31 May 2024







Directors: Mr H P Phipps
Mrs P C Phipps





Registered office: Monkey House
Kersoe
Pershore
Worcestershire
WR10 3JD





Registered number: 04435291 (England and Wales)





Accountants: Crowthers Chartered Accountants
19 High Street
Pershore
Worcestershire
WR10 1AA

The Mobile Catering Group Limited (Registered number: 04435291)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,821 97,472

CURRENT ASSETS
Stocks 31,860 17,478
Debtors 5 23,897 666
Cash at bank 287,812 240,591
343,569 258,735
CREDITORS
Amounts falling due within one year 6 84,858 72,636
NET CURRENT ASSETS 258,711 186,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,532

283,571

CREDITORS
Amounts falling due after more than one
year

7

-

(19,999

)

PROVISIONS FOR LIABILITIES (21,213 ) (17,645 )
NET ASSETS 333,319 245,927

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 333,317 245,925
SHAREHOLDERS' FUNDS 333,319 245,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Mobile Catering Group Limited (Registered number: 04435291)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





Mr H P Phipps - Director


The Mobile Catering Group Limited (Registered number: 04435291)

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

1. STATUTORY INFORMATION

The Mobile Catering Group 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 represents the value of goods sold during the period net of VAT. Turnover is recognised when goods are physically delivered to the customer.

Uninvoiced deliveries at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - NIL
Trailer and Units - 25% on reducing balance
Solar Panels - 15% on reducing balance
Kitchen Equip and Crockery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stock of goods is valued at the lower of cost and net realisable value. Cost represents the purchase price of goods. Net realisable value represents the selling price of completed goods less any costs necessary to complete the goods. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.


The Mobile Catering Group Limited (Registered number: 04435291)

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

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Trailer Solar
Buildings and Units Panels
£    £    £   
Cost
At 1 June 2023 4,497 166,550 13,223
Additions - 7,850 -
At 31 May 2024 4,497 174,400 13,223
Depreciation
At 1 June 2023 - 141,481 5,102
Charge for year - 8,230 1,218
At 31 May 2024 - 149,711 6,320
Net book value
At 31 May 2024 4,497 24,689 6,903
At 31 May 2023 4,497 25,069 8,121

The Mobile Catering Group Limited (Registered number: 04435291)

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

4. TANGIBLE FIXED ASSETS - continued

Kitchen
Equip and Motor
Crockery vehicles Equipment Totals
£    £    £    £   
Cost
At 1 June 2023 30,984 103,788 92,819 411,861
Additions - - 13,155 21,005
At 31 May 2024 30,984 103,788 105,974 432,866
Depreciation
At 1 June 2023 16,315 81,126 70,365 314,389
Charge for year 2,200 5,666 5,342 22,656
At 31 May 2024 18,515 86,792 75,707 337,045
Net book value
At 31 May 2024 12,469 16,996 30,267 95,821
At 31 May 2023 14,669 22,662 22,454 97,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,551 -
Other debtors 5,346 666
23,897 666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 13,783 12,430
Taxation and social security 53,762 42,409
Other creditors 17,313 7,797
84,858 72,636

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 19,999

8. SECURED DEBTS

Lloyds bank hold a fixed and floating charge over the property of the undertaking which contains a negative pledge.

The Mobile Catering Group Limited (Registered number: 04435291)

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

9. FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2