Company Registration No. 08589207 (England and Wales)
M.I.S Catering Limited
Unaudited accounts
for the year ended 31 July 2024
M.I.S Catering Limited
Unaudited accounts
Contents
M.I.S Catering Limited
Company Information
for the year ended 31 July 2024
Company Number
08589207 (England and Wales)
Registered Office
Orchard House
Clyst St Mary
Exeter
Devon
EX5 1BR
Accountants
The Fresh Accountancy Company Limited
Orchard House
Clyst St Mary
Exeter
Devon
EX5 1BR
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of M.I.S Catering Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
M.I.S Catering Limited for the year ended
31 July 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The Fresh Accountancy Company Limited
Chartered Accountants
Orchard House
Clyst St Mary
Exeter
Devon
EX5 1BR
1 April 2025
M.I.S Catering Limited
Statement of financial position
as at 31 July 2024
Intangible assets
52,508
57,127
Tangible assets
100,849
116,170
Cash at bank and in hand
22,939
71,630
Creditors: amounts falling due within one year
(277,329)
(204,591)
Net current liabilities
(204,173)
(110,247)
Total assets less current liabilities
(50,816)
63,050
Creditors: amounts falling due after more than one year
(40,353)
(59,408)
Net (liabilities)/assets
(91,169)
3,642
Called up share capital
100
100
Profit and loss account
(91,269)
3,542
Shareholders' funds
(91,169)
3,642
For the year ending 31 July 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 director acknowledges her 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 and authorised for issue on 2 April 2025 and were signed on its behalf by
Mrs M Sampson
Director
Company Registration No. 08589207
M.I.S Catering Limited
Notes to the Accounts
for the year ended 31 July 2024
M.I.S Catering Limited is a private company, limited by shares, registered in England and Wales, registration number 08589207. The registered office is Orchard House, Clyst St Mary, Exeter, Devon, EX5 1BR.
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.
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
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
Goodwill
Other
Total
At 1 August 2023
42,376
25,001
67,377
At 31 July 2024
42,376
25,001
67,377
At 1 August 2023
250
10,000
10,250
Charge for the year
2,119
2,500
4,619
At 31 July 2024
2,369
12,500
14,869
At 31 July 2024
40,007
12,501
52,508
At 31 July 2023
42,126
15,001
57,127
M.I.S Catering Limited
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
19,500
103,126
2,053
124,679
Additions
2,918
9,196
-
12,114
At 31 July 2024
21,518
112,322
2,053
135,893
At 1 August 2023
5,527
2,182
800
8,509
Charge for the year
3,932
22,290
313
26,535
At 31 July 2024
9,459
24,472
1,113
35,044
At 31 July 2024
12,059
87,850
940
100,849
At 31 July 2023
13,973
100,944
1,253
116,170
Amounts falling due within one year
Accrued income and prepayments
12,387
15,114
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
68,206
72,168
Trade creditors
42,782
62,629
Taxes and social security
127,786
35,435
Other creditors
38,555
34,029
Loans from directors
-
330
8
Creditors: amounts falling due after more than one year
2024
2023
M.I.S Catering Limited
Notes to the Accounts
for the year ended 31 July 2024
9
Operating lease commitments
2024
2023
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
21,651
71,214
Later than one year and not later than five years
80,000
81,651
Later than five years
13,333
33,333
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Overdrawn DLA
(329)
43,246
25,864
17,053
(329)
43,246
25,864
17,053
Interest charged at 2.25%
11
Average number of employees
During the year the average number of employees was 32 (2023: 22).
12
Reconciliations on adoption of FRS 102