Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01falsetrue119truefalse 04811464 2023-09-01 2024-08-31 04811464 2022-09-01 2023-08-31 04811464 2024-08-31 04811464 2023-08-31 04811464 2022-09-01 04811464 c:Director2 2023-09-01 2024-08-31 04811464 d:Buildings 2023-09-01 2024-08-31 04811464 d:Buildings 2024-08-31 04811464 d:Buildings 2023-08-31 04811464 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04811464 d:PlantMachinery 2023-09-01 2024-08-31 04811464 d:PlantMachinery 2024-08-31 04811464 d:PlantMachinery 2023-08-31 04811464 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04811464 d:MotorVehicles 2023-09-01 2024-08-31 04811464 d:MotorVehicles 2024-08-31 04811464 d:MotorVehicles 2023-08-31 04811464 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04811464 d:FurnitureFittings 2023-09-01 2024-08-31 04811464 d:FurnitureFittings 2024-08-31 04811464 d:FurnitureFittings 2023-08-31 04811464 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04811464 d:ComputerEquipment 2023-09-01 2024-08-31 04811464 d:ComputerEquipment 2024-08-31 04811464 d:ComputerEquipment 2023-08-31 04811464 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04811464 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04811464 d:Goodwill 2024-08-31 04811464 d:Goodwill 2023-08-31 04811464 d:CurrentFinancialInstruments 2024-08-31 04811464 d:CurrentFinancialInstruments 2023-08-31 04811464 d:Non-currentFinancialInstruments 2024-08-31 04811464 d:Non-currentFinancialInstruments 2023-08-31 04811464 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04811464 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04811464 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 04811464 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 04811464 d:ShareCapital 2024-08-31 04811464 d:ShareCapital 2023-08-31 04811464 d:RevaluationReserve 2024-08-31 04811464 d:RevaluationReserve 2023-08-31 04811464 d:RetainedEarningsAccumulatedLosses 2024-08-31 04811464 d:RetainedEarningsAccumulatedLosses 2023-08-31 04811464 c:FRS102 2023-09-01 2024-08-31 04811464 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04811464 c:FullAccounts 2023-09-01 2024-08-31 04811464 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04811464 5 2023-09-01 2024-08-31 04811464 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 04811464 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 04811464 d:RetirementBenefitObligationsDeferredTax 2024-08-31 04811464 d:RetirementBenefitObligationsDeferredTax 2023-08-31 04811464 d:OtherDeferredTax 2024-08-31 04811464 d:OtherDeferredTax 2023-08-31 04811464 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 04811464










SHEFFIELD CATERING SUPPLIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
SHEFFIELD CATERING SUPPLIES LIMITED
REGISTERED NUMBER: 04811464

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
316,901
288,654

Current assets
  

Stocks
  
139,275
133,259

Debtors: amounts falling due within one year
 6 
262,730
269,059

Cash at bank and in hand
  
162,499
118,690

  
564,504
521,008

Creditors: amounts falling due within one year
 7 
(227,234)
(208,083)

Net current assets
  
 
 
337,270
 
 
312,925

Total assets less current liabilities
  
654,171
601,579

Creditors: amounts falling due after more than one year
  
(5,476)
-

Provisions for liabilities
  

Deferred tax
 9 
(42,777)
(36,579)

Net assets
  
605,918
565,000


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
143,333
146,879

Profit and loss account
  
462,485
418,021

  
605,918
565,000


Page 1

 
SHEFFIELD CATERING SUPPLIES LIMITED
REGISTERED NUMBER: 04811464
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 February 2025.



S Basford
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SHEFFIELD CATERING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Sheffield Catering Supplies Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 04811464). Its registered office is Unit 4, Rutland Way, Neepsend, South Yorkshire, S3 8DG. The principal activity of the Company throughout the year continued to be that of supplying catering supplies to catering establishments.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SHEFFIELD CATERING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Freehold property
-
2%
straight line
Plant & machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Page 4

 
SHEFFIELD CATERING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 9).

Page 5

 
SHEFFIELD CATERING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2023
261,657



At 31 August 2024

261,657



Amortisation


At 1 September 2023
261,657



At 31 August 2024

261,657



Net book value



At 31 August 2024
-



At 31 August 2023
-



Page 6

 
SHEFFIELD CATERING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 September 2023
285,000
15,794
54,212
21,145
31,577
407,728


Additions
-
-
54,134
-
49
54,183


Disposals
-
-
(39,368)
-
-
(39,368)



At 31 August 2024

285,000
15,794
68,978
21,145
31,626
422,543



Depreciation


At 1 September 2023
17,099
13,497
43,861
18,979
25,638
119,074


Charge for the year on owned assets
5,700
577
11,729
547
1,503
20,056


Disposals
-
-
(33,488)
-
-
(33,488)



At 31 August 2024

22,799
14,074
22,102
19,526
27,141
105,642



Net book value



At 31 August 2024
262,201
1,720
46,876
1,619
4,485
316,901



At 31 August 2023
267,901
2,297
10,351
2,166
5,939
288,654

The freehold property had an original cost of £107,707 and was valued by Fowler Sandford Chartered Surveyors on 22 December 2020 at £285,000.

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
107,707
107,707

Accumulated depreciation
(21,358)
(19,204)

Net book value
86,349
88,503

Page 7

 
SHEFFIELD CATERING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Debtors

2024
2023
£
£


Trade debtors
255,793
267,812

Other debtors
6,937
1,247

262,730
269,059



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
178,055
169,112

Corporation tax
12,730
17,445

Other taxation and social security
18,073
18,940

Obligations under finance lease and hire purchase contracts
13,142
-

Other creditors
5,234
2,586

227,234
208,083



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
5,476
-

5,476
-



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(36,579)
(36,070)


Charged to profit or loss
(6,198)
(509)



At end of year
(42,777)
(36,579)

Page 8

 
SHEFFIELD CATERING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
10,404
4,189

Pension surplus
(144)
(128)

Capital gain on revaluation surplus
32,517
32,518

42,777
36,579


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,670 (2023: £2,524). Contributions totalling £655 (2023: £583) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 9