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REGISTERED NUMBER: 06224504 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

CaterCater Limited

CaterCater Limited (Registered number: 06224504)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CaterCater Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P R F Holmes
A J Powell



REGISTERED OFFICE: Unit 6 Spinnaker Road
Hempsted
Gloucester
GL2 5FD



REGISTERED NUMBER: 06224504 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: National Westminster Bank Plc
31 The Promenade
Cheltenham
GL50 1EH

CaterCater Limited (Registered number: 06224504)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,374 89,475
Investments 5 6,483 6,483
105,857 95,958

CURRENT ASSETS
Stocks 3,000 2,500
Debtors 6 117,192 108,388
Cash at bank and in hand 209,262 405,923
329,454 516,811
CREDITORS
Amounts falling due within one year 7 344,882 321,662
NET CURRENT (LIABILITIES)/ASSETS (15,428 ) 195,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,429

291,107

CREDITORS
Amounts falling due after more than one
year

8

(38,849

)

(52,090

)

PROVISIONS FOR LIABILITIES (10,466 ) (19,627 )
NET ASSETS 41,114 219,390

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 41,112 219,388
SHAREHOLDERS' FUNDS 41,114 219,390

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.

CaterCater Limited (Registered number: 06224504)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





P R F Holmes - Director


CaterCater Limited (Registered number: 06224504)

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


1. STATUTORY INFORMATION

CaterCater 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.

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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CaterCater Limited (Registered number: 06224504)

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


2. ACCOUNTING POLICIES - continued

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.

Going concern
Despite net current liabilities of £15,428 at 31 May 2024, the accounts have been prepared on a going concern basis. The directors have reviewed future cash flows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 51 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 June 2023 2,622 41,861 145,384
Additions - 35,862 -
Disposals (2,622 ) (1,152 ) (13,543 )
At 31 May 2024 - 76,571 131,841
Depreciation
At 1 June 2023 2,359 21,053 121,052
Charge for year - 14,117 5,683
Eliminated on disposal (2,359 ) (951 ) (11,945 )
At 31 May 2024 - 34,219 114,790
Net book value
At 31 May 2024 - 42,352 17,051
At 31 May 2023 263 20,808 24,332

CaterCater Limited (Registered number: 06224504)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 June 2023 74,065 15,961 279,893
Additions 9,795 1,019 46,676
Disposals (17,840 ) (5,536 ) (40,693 )
At 31 May 2024 66,020 11,444 285,876
Depreciation
At 1 June 2023 34,136 11,818 190,418
Charge for year 12,123 1,201 33,124
Eliminated on disposal (16,610 ) (5,175 ) (37,040 )
At 31 May 2024 29,649 7,844 186,502
Net book value
At 31 May 2024 36,371 3,600 99,374
At 31 May 2023 39,929 4,143 89,475

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 June 2023 41,294
Additions 9,795
At 31 May 2024 51,089
Depreciation
At 1 June 2023 10,324
Charge for year 10,191
At 31 May 2024 20,515
Net book value
At 31 May 2024 30,574
At 31 May 2023 30,970

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31/5/24 31/5/23
£    £   
Fixed asset cost 6,483 -
Fixed asset additions - 6,483
6,483 6,483

CaterCater Limited (Registered number: 06224504)

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


5. FIXED ASSET INVESTMENTS - continued

The investment included at £6,483 is Cask Whisky included at cost. The original cost is not materially different to its current market value and as such the Cask Whisky is included within the accounts at the original purchase cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 116,272 108,198
Other debtors 920 190
117,192 108,388

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 10,769 10,539
Hire purchase contracts (see note 9) 12,138 8,525
Trade creditors 125,967 120,239
Taxation and social security 63,833 70,588
Other creditors 132,175 111,771
344,882 321,662

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 18,333 28,333
Hire purchase contracts (see note 9) 20,516 23,757
38,849 52,090

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/5/24 31/5/23
£    £   
Net obligations repayable:
Within one year 12,138 8,525
Between one and five years 20,516 23,757
32,654 32,282

CaterCater Limited (Registered number: 06224504)

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


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31/5/24 31/5/23
£    £   
Within one year 26,047 8,187
Between one and five years 80,685 2,047
106,732 10,234

In addition to the above commitments the company has rental agreements in respect of two properties where it is committed to pay 10% of its turnover generated at these properties as rent. The rental agreements run until December 2024.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is PACC-Holdings UK Ltd, a company registered in England and Wales. The company is controlled by P R F Holmes and A J Powell, directors of CaterCater Limited. PACC-Holdings UK Ltd, which shares the same registered office as CaterCater Limited, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.