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COMPANY REGISTRATION NUMBER: 08481048
Blackboard Catering Limited
Unaudited financial statements
31 December 2024
Blackboard Catering Limited
Statement of financial position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
76,768
96,978
Current assets
Stocks
2,000
4,000
Debtors
6
66,452
20,213
Cash at bank and in hand
103,176
63,360
---------
-------
171,628
87,573
Creditors: Amounts falling due within one year
7
( 107,330)
( 70,748)
---------
-------
Net current assets
64,298
16,825
---------
---------
Total assets less current liabilities
141,066
113,803
Creditors: Amounts falling due after more than one year
8
( 14,525)
( 28,771)
Provisions
Taxation including deferred tax
( 12,538)
( 15,376)
---------
---------
Net assets
114,003
69,656
---------
---------
Capital and reserves
Called up share capital
10
10
Profit and loss account
113,993
69,646
---------
-------
Shareholders funds
114,003
69,656
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Blackboard Catering Limited
Statement of financial position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 3 April 2025 , and are signed on behalf of the board by:
T W Powter
Director
Company registration number: 08481048
Blackboard Catering Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wellington Street, Newmarket, Suffolk, CB8 0HT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 14 (2023: 13 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 January 2024
126,103
50,520
176,623
Additions
4,570
4,570
---------
-------
---------
At 31 December 2024
130,673
50,520
181,193
---------
-------
---------
Depreciation
At 1 January 2024
64,647
14,998
79,645
Charge for the year
15,899
8,881
24,780
---------
-------
---------
At 31 December 2024
80,546
23,879
104,425
---------
-------
---------
Carrying amount
At 31 December 2024
50,127
26,641
76,768
---------
-------
---------
At 31 December 2023
61,456
35,522
96,978
---------
-------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery
£
At 31 December 2024
26,606
-------
At 31 December 2023
35,475
-------
6. Debtors
2024
2023
£
£
Trade debtors
1,335
Other debtors
65,117
20,213
-------
-------
66,452
20,213
-------
-------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,333
3,333
Trade creditors
4,164
5,169
Social security and other taxes
17,625
12,592
Other creditors
82,208
49,654
---------
-------
107,330
70,748
---------
-------
Liabilities in respect of finance lease agreements of £10,715 (2023: £16,664) are secured on the assets concerned.
8. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
14,525
18,056
Other creditors
10,715
-------
-------
14,525
28,771
-------
-------
Included within creditors: amounts falling due after more than one year is an amount of £1,191 (2023: £4,722) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Liabilities in respect of finance lease agreements of £Nil (2023: £10,715) are secured on the assets concerned.
9. Director's advances, credits and guarantees
Included within debtors at the year end is a directors loan account of £38,639 (2023: Nil). The maximum overdrawn balance during the year was £38,639. Interest of £319 was charged at the official rate.