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REGISTERED NUMBER: SC716758 (Scotland)



















JKLM CATERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024






JKLM CATERING LIMITED (REGISTERED NUMBER: SC716758)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JKLM CATERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Jon-Paul Saint





REGISTERED OFFICE: 9 Royal Crescent
Glasgow
G3 7SP





REGISTERED NUMBER: SC716758 (Scotland)





ACCOUNTANTS: CW
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

JKLM CATERING LIMITED (REGISTERED NUMBER: SC716758)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 89,689 60,789

CURRENT ASSETS
Stocks 6,875 6,250
Debtors 4 10,872 5,666
Cash at bank and in hand 125,776 112,642
143,523 124,558
CREDITORS
Amounts falling due within one year 5 103,958 88,000
NET CURRENT ASSETS 39,565 36,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,254

97,347

PROVISIONS FOR LIABILITIES 12,243 11,741
NET ASSETS 117,011 85,606

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 116,911 85,506
117,011 85,606

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 director acknowledges his 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.

JKLM CATERING LIMITED (REGISTERED NUMBER: SC716758)

BALANCE SHEET - 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 director and authorised for issue on 21 February 2025 and were signed by:





Jon-Paul Saint - Director


JKLM CATERING LIMITED (REGISTERED NUMBER: SC716758)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. 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 and revenue recognition
The turnover shown in the profit and loss account represents the value of sales during the year, exclusive of Value Added Tax. A sale is recognised at the point where a meal is served or handed over to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvement - 10% on cost
Equipment and Fittings - 15% on cost

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

Financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

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.

JKLM CATERING LIMITED (REGISTERED NUMBER: SC716758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


1. ACCOUNTING POLICIES - continued

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.

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.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 18 ) .

3. TANGIBLE FIXED ASSETS
Equipment
Tenants and
improvement Fittings Totals
£    £    £   
COST
At 1 June 2023 12,946 53,161 66,107
Additions 10,024 33,921 43,945
Disposals - (4,983 ) (4,983 )
At 31 May 2024 22,970 82,099 105,069
DEPRECIATION
At 1 June 2023 1,079 4,239 5,318
Charge for year 1,840 9,024 10,864
Eliminated on disposal - (802 ) (802 )
At 31 May 2024 2,919 12,461 15,380
NET BOOK VALUE
At 31 May 2024 20,051 69,638 89,689
At 31 May 2023 11,867 48,922 60,789

JKLM CATERING LIMITED (REGISTERED NUMBER: SC716758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Credit card debtors 5,313 4,534
Prepayments 5,559 1,132
10,872 5,666

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,672
Corporation Tax 34,509 31,871
Social security and other taxes 4,400 3,080
VAT 45,143 36,462
Accrued expenses 19,906 14,915
103,958 88,000