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REGISTERED NUMBER: 09642757 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ADVENT CATERING EQUIPMENT LIMITED

ADVENT CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 09642757)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ADVENT CATERING EQUIPMENT LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: Ms N Neal
Mr C Emms





REGISTERED OFFICE: 10K Buntsford Park Road
Bromsgrove
B60 3DX





REGISTERED NUMBER: 09642757 (England and Wales)






ADVENT CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 09642757)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,798 3,646

CURRENT ASSETS
Stocks 17,991 25,162
Debtors 128,522 121,500
Cash at bank and in hand 334,545 254,517
481,058 401,179
CREDITORS
Amounts falling due within one year 209,935 134,622
NET CURRENT ASSETS 271,123 266,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,921

270,203

PROVISIONS FOR LIABILITIES 950 912
NET ASSETS 273,971 269,291

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 273,871 269,191
SHAREHOLDERS' FUNDS 273,971 269,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ADVENT CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 09642757)

ABRIDGED BALANCE SHEET - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 December 2024 and were signed on its behalf by:




Ms N Neal - Director



Mr C Emms - Director


ADVENT CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 09642757)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Advent Catering Equipment 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ADVENT CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 09642757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 15,495
Additions 1,354
At 30 June 2024 16,849
DEPRECIATION
At 1 July 2023 11,849
Charge for year 1,202
At 30 June 2024 13,051
NET BOOK VALUE
At 30 June 2024 3,798
At 30 June 2023 3,646

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,000 15,000
Between one and five years - 15,000
15,000 30,000

6. PENSION COMMITMENTS

Pension commitments outstanding at the year end total £483 (2023:£428).

ADVENT CATERING EQUIPMENT LIMITED (REGISTERED NUMBER: 09642757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Ms N Neal
Balance outstanding at start of year 14,850 -
Amounts advanced - 14,850
Amounts repaid (14,850 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 14,850

8. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.