Company Registration No. 07606569 (England and Wales)
Sweetness Catering UK Ltd
Filleted Accounts
for the year ended 30 May 2024
Sweetness Catering UK Ltd
Filleted Accounts
Contents
Sweetness Catering UK Ltd
Company Information
for the year ended 30 May 2024
Directors
Christopher Ajayi
Lee-Anne Ajayi
Stefan Ajayi
Company Number
07606569 (England and Wales)
Registered Office
Sapphire House
73, St. Margarets Avenue
London
N20 9LD
Accountants
Lacome & Co
Chartered Accountants
Sapphire House
73 St.Margarets Avenue
London
N20 9LD
Sweetness Catering UK Ltd
Statement of financial position
as at 30 May 2024
Tangible assets
51,159
12,063
Cash at bank and in hand
4,662
17,124
Creditors: amounts falling due within one year
(14,202)
(8,126)
Net current assets
18,836
33,806
Total assets less current liabilities
69,995
45,869
Creditors: amounts falling due after more than one year
(66,207)
(35,098)
Called up share capital
3
3
Profit and loss account
3,785
10,768
Shareholders' funds
3,788
10,771
For the year ending 30 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by
Christopher Ajayi
Director
Company Registration No. 07606569
Sweetness Catering UK Ltd
Notes to the Accounts
for the year ended 30 May 2024
Sweetness Catering UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 07606569. The registered office is Sapphire House, 73, St. Margarets Avenue, London, N20 9LD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced fees receivable, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing balance method at 20% per annum.
Fixtures & fittings
Reducing balance method at 20% per annum.
Computer equipment
Reducing balance method at 20% per annum.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Sweetness Catering UK Ltd
Notes to the Accounts
for the year ended 30 May 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 31 May 2023
15,496
18,142
1,745
35,383
Additions
41,733
6,969
3,184
51,886
At 30 May 2024
57,229
25,111
4,929
87,269
At 31 May 2023
14,288
8,474
558
23,320
Charge for the year
8,588
3,327
875
12,790
At 30 May 2024
22,876
11,801
1,433
36,110
At 30 May 2024
34,353
13,310
3,496
51,159
At 30 May 2023
1,208
9,668
1,187
12,063
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Amounts falling due within one year
Trade debtors
13,653
18,586
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
30,431
6,536
Trade creditors
9,964
9,509
Taxes and social security
17,675
24,992
Other creditors
2,709
2,709
Loans from directors
(79,236)
(69,712)
8
Creditors: amounts falling due after more than one year
2024
2023
Sweetness Catering UK Ltd
Notes to the Accounts
for the year ended 30 May 2024
Allotted, called up and fully paid:
3 Ordinary shares - A Shares of £1 each
3
3
10
Average number of employees
During the year the average number of employees was 14 (2023: 17).