Simply Great Catering Limited 10130838 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of providing catering services. Digita Accounts Production Advanced 6.30.9574.0 true true 10130838 2023-05-01 2024-04-30 10130838 2024-04-30 10130838 bus:OrdinaryShareClass1 2024-04-30 10130838 core:CurrentFinancialInstruments 2024-04-30 10130838 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 10130838 core:Non-currentFinancialInstruments 2024-04-30 10130838 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 10130838 core:FurnitureFittingsToolsEquipment 2024-04-30 10130838 core:OtherPropertyPlantEquipment 2024-04-30 10130838 bus:SmallEntities 2023-05-01 2024-04-30 10130838 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10130838 bus:FilletedAccounts 2023-05-01 2024-04-30 10130838 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10130838 bus:RegisteredOffice 2023-05-01 2024-04-30 10130838 bus:Director2 2023-05-01 2024-04-30 10130838 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10130838 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10130838 core:ComputerEquipment 2023-05-01 2024-04-30 10130838 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 10130838 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 10130838 core:PlantMachinery 2023-05-01 2024-04-30 10130838 countries:EnglandWales 2023-05-01 2024-04-30 10130838 2023-04-30 10130838 core:FurnitureFittingsToolsEquipment 2023-04-30 10130838 core:OtherPropertyPlantEquipment 2023-04-30 10130838 2022-05-01 2023-04-30 10130838 2023-04-30 10130838 bus:OrdinaryShareClass1 2023-04-30 10130838 core:CurrentFinancialInstruments 2023-04-30 10130838 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 10130838 core:Non-currentFinancialInstruments 2023-04-30 10130838 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 10130838 core:FurnitureFittingsToolsEquipment 2023-04-30 10130838 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10130838

Simply Great Catering Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Simply Great Catering Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Simply Great Catering Limited

(Registration number: 10130838)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

6,817

9,022

Current assets

 

Stocks

6

860

1,865

Debtors

7

1,298

779

Cash at bank and in hand

 

14,717

12,170

 

16,875

14,814

Creditors: Amounts falling due within one year

8

(64,415)

(54,457)

Net current liabilities

 

(47,540)

(39,643)

Total assets less current liabilities

 

(40,723)

(30,621)

Creditors: Amounts falling due after more than one year

8

(9,444)

(8,942)

Provisions for liabilities

(1,295)

(1,714)

Net liabilities

 

(51,462)

(41,277)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(51,562)

(41,377)

Shareholders' deficit

 

(51,462)

(41,277)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 January 2025
 

 

Simply Great Catering Limited

(Registration number: 10130838)
Balance Sheet as at 30 April 2024

.........................................
Mr B J Ahern
Director

   
     
 

Simply Great Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1
Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW
United Kingdom

The principal place of business is:
75 Sollershott Hall
Sollershott East
Letchworth Garden City
Hertfordshire
SG6 3PW
United Kingdom

These financial statements were authorised for issue by the director on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the balance sheet date the company had retained losses of £51,563. (2023: £41,377) and had net current liabilities of £47,541 (2023: £39,643).
The director and shareholders have pledged to continue to financially support the company for the foreseeable future. On this basis, the director feels it is appropriate to prepare these financial statements on a going concern basis.

 

Simply Great Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the business recognises related costs which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Computer equipment

33% straight line

 

Simply Great Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Simply Great Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 6).




 

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

2,938

3,489

 

Simply Great Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

5,952

21,038

26,990

Additions

-

733

733

At 30 April 2024

5,952

21,771

27,723

Depreciation

At 1 May 2023

3,318

14,650

17,968

Charge for the year

1,219

1,719

2,938

At 30 April 2024

4,537

16,369

20,906

Carrying amount

At 30 April 2024

1,415

5,402

6,817

At 30 April 2023

2,634

6,388

9,022

6

Stocks

2024
£

2023
£

Other inventories

860

1,865

7

Debtors

Current

2024
£

2023
£

Trade debtors

998

480

Other debtors

300

299

 

1,298

779

 

Simply Great Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

11

10,558

13,844

Trade creditors

 

4,651

4,314

Taxation and social security

 

8,934

10,310

Accruals and deferred income

 

1,477

1,407

Other creditors

 

38,795

24,582

 

64,415

54,457

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

10

Related party transactions

At the balance sheet date the company owed £8,491 (2023: £8,491) to Mr P S Farquhar, a shareholder of the company. There are no terms relating to the payment of interest or repayment of capital on this loan.

At the balance sheet date the company owed £26,921 (2023: £13,942) to Mr B J Ahern, a director of the company. There are no terms relating to the payment of interest or repayment of capital on this loan.


 





 

 

Simply Great Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

11

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

9,444

8,942

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,195

3,983

Bank overdrafts

9,363

9,861

10,558

13,844

Within loans and borrowings there is a £10,640 (2023: £12,925) bounce back loan from the government, provided through Santander. As per government regulations there is no security required on this loan by either Simply Great Catering Limited or the director.