Registered number
03554114
David Brown Catering Limited
Filleted Accounts
30 June 2024
David Brown Catering Limited
Registered number: 03554114
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 475,645 374,104
Cash at bank and in hand 153,952 597,683
629,597 971,787
Creditors: amounts falling due within one year 5 (499,589) (656,062)
Net current assets 130,008 315,725
Net assets 130,008 315,725
Capital and reserves
Called up share capital 90 90
Profit and loss account 129,918 315,635
Shareholder's funds 130,008 315,725
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.
Mr F.W.B.M. Jeurgens
Director
Approved by the board on 20 January 2025
David Brown Catering Limited
Notes to the Accounts
for the year ended 30 June 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 Audit information
The audit report is unqualified.
Senior statutory auditor: Simon Pusey
Firm: Keith Graham, Chartered Accountants
Date of audit report: 27 January 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
4 Debtors 2024 2023
£ £
Trade debtors 400,976 361,417
Amounts owed by group undertakings and undertakings in which the company has a participating interest 70,427 8,456
Other debtors 4,242 4,231
475,645 374,104
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,790 11,400
Amounts owed to group undertakings and undertakings in which the company has a participating interest 459,323 611,841
Taxation and social security costs 24,226 28,497
Other creditors 3,250 4,324
499,589 656,062
6 Events after the reporting date
On the 19 July 2024 Jeurgens Family Bakeries B.V. obtained loan facilities from Coöperatieve Rabobank U.A. under which the whole group has become jointly liable.
7 Related party transactions
The company has taken advantage of the exemption in paragraph 33.1A of FRS 102 and has not disclosed transactions with wholly owned group undertakings.
8 Controlling party
At the year end the company was controlled by BGJ Holding Limited, due to its controlling interest in the shares of the company. The company's ultimate parent company is Jeurgens Family Bakeries B.V., a company registered in the Netherlands.
9 Other information
David Brown Catering Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
The functional currency for these accounts is Sterling.
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