1 July 2023 false No description of principal activity Taxfiler 2024.6 SC632438business:PrivateLimitedCompanyLtd2023-07-012024-06-30 SC6324382023-06-30 SC6324382023-07-012024-06-30 SC632438business:AuditExemptWithAccountantsReport2023-07-012024-06-30 SC632438business:AbridgedAccounts2023-07-012024-06-30 SC6324382024-06-30 SC632438business:Director12023-07-012024-06-30 SC632438business:Director22023-07-012024-06-30 SC632438business:CompanySecretary12023-07-012024-06-30 SC632438business:RegisteredOffice2023-07-012024-06-30 SC6324382023-06-30 SC632438core:WithinOneYear2024-06-30 SC632438core:WithinOneYear2023-06-30 SC632438core:AfterOneYear2024-06-30 SC632438core:AfterOneYear2023-06-30 SC632438core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 SC632438core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC632438core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 SC632438core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC632438core:PreviouslyStatedAmount2024-06-30 SC632438core:PreviouslyStatedAmount2023-06-30 SC632438business:SmallEntities2023-07-012024-06-30 SC632438countries:Scotland2023-07-012024-06-30 SC632438core:LandBuildings2023-07-012024-06-30 SC632438core:PlantMachinery2023-07-012024-06-30 SC632438core:MotorVehicles2023-07-012024-06-30 SC632438core:FurnitureFittings2023-07-012024-06-30 SC632438core:ComputerEquipment2023-07-012024-06-30 SC632438core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-06-30 SC632438core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-06-30 SC632438core:MoreThanFiveYears2024-06-30 SC632438core:MoreThanFiveYears2023-06-30 SC6324382022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC632438 (Scotland)
The Castaway Catering Limited Unaudited accounts for the year ended 30 June 2024
The Castaway Catering Limited Unaudited accounts Contents
Page
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The Castaway Catering Limited Company Information for the year ended 30 June 2024
Directors
J Duncan G Cranston
Secretary
C Ferguson
Company Number
SC632438 (Scotland)
Registered Office
The Castaway King Street Nairn IV12 4BQ
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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The Castaway Catering Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
77,433 
87,533 
Tangible assets
217,109 
190,646 
294,542 
278,179 
Current assets
Inventories
5,400 
5,500 
Debtors
29,008 
14,292 
Cash at bank and in hand
45,254 
103,084 
79,662 
122,876 
Creditors: amounts falling due within one year
(138,578)
(137,414)
Net current liabilities
(58,916)
(14,538)
Total assets less current liabilities
235,626 
263,641 
Creditors: amounts falling due after more than one year
(48,788)
(67,419)
Provisions for liabilities
Deferred tax
(24,839)
(19,321)
Net assets
161,999 
176,901 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
161,899 
176,801 
Shareholders' funds
161,999 
176,901 
For the year ending 30 June 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 18 March 2025 and were signed on its behalf by
J Duncan Director Company Registration No. SC632438
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The Castaway Catering Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
The Castaway Catering Limited is a private company, limited by shares, registered in Scotland, registration number SC632438. The registered office is The Castaway, King Street, Nairn, IV12 4BQ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
5% straight line
Plant & machinery
10% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% straight line
Computer equipment
33.33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is being amortised on a straight line basis over the estimated useful life of the asset (10 years).
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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The Castaway Catering Limited Notes to the Accounts for the year ended 30 June 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
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.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 July 2023
101,000 
At 30 June 2024
101,000 
Amortisation
At 1 July 2023
13,467 
Charge for the year
10,100 
At 30 June 2024
23,567 
Net book value
At 30 June 2024
77,433 
At 30 June 2023
87,533 
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The Castaway Catering Limited Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2023
224,212 
Additions
57,314 
Disposals
(2,856)
At 30 June 2024
278,670 
Depreciation
At 1 July 2023
33,566 
Charge for the year
29,094 
On disposals
(1,099)
At 30 June 2024
61,561 
Net book value
At 30 June 2024
217,109 
At 30 June 2023
190,646 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
49,555 
41,935 
6
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
294,452 
330,159 
7
Average number of employees
During the year the average number of employees was 20 (2023: 29).
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