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REGISTERED NUMBER: 09051521 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Figs Catering Limited

Figs Catering Limited (Registered number: 09051521)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Figs Catering Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs A Nettley





REGISTERED OFFICE: Unit 19 Cary Court
Bancombe Business Estate
Somerton
Somerset
TA11 6SB





REGISTERED NUMBER: 09051521 (England and Wales)





ACCOUNTANTS: Edward Howells Associates Limited
Chartered Certified Accountants
20a High Street
Glastonbury
Somerset
BA6 9DU

Figs Catering Limited (Registered number: 09051521)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 196,509 72,908
196,509 72,908

CURRENT ASSETS
Stocks 2,875 2,875
Debtors 6 15,869 11,827
Cash at bank 127,630 218,743
146,374 233,445
CREDITORS
Amounts falling due within one year 7 99,234 110,549
NET CURRENT ASSETS 47,140 122,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,649

195,804

CREDITORS
Amounts falling due after more than one
year

8

(18,959

)

(24,589

)

PROVISIONS FOR LIABILITIES (15,758 ) (11,448 )
NET ASSETS 208,932 159,767

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 208,832 159,667
208,932 159,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Figs Catering Limited (Registered number: 09051521)

Balance Sheet - continued
31 July 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 11 March 2025 and were signed by:





Mrs A Nettley - Director


Figs Catering Limited (Registered number: 09051521)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Figs Catering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

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.

Figs Catering Limited (Registered number: 09051521)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 40,000
AMORTISATION
At 1 August 2023
and 31 July 2024 40,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 - 58,508 102,363 56,325 217,196
Additions 113,575 - 2,491 27,752 143,818
At 31 July 2024 113,575 58,508 104,854 84,077 361,014
DEPRECIATION
At 1 August 2023 - 34,630 70,654 39,004 144,288
Charge for year - 5,851 8,312 6,054 20,217
At 31 July 2024 - 40,481 78,966 45,058 164,505
NET BOOK VALUE
At 31 July 2024 113,575 18,027 25,888 39,019 196,509
At 31 July 2023 - 23,878 31,709 17,321 72,908

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 13,678 9,632
Other debtors 250 250
Prepayments 1,941 1,945
15,869 11,827

Figs Catering Limited (Registered number: 09051521)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans 10,000 10,000
Hire purchase contracts 11,568 15,281
Trade creditors 27,726 18,929
Tax 19,434 20,323
Social security and other taxes 1,320 1,968
VAT 19,121 25,540
Other creditors 7,033 14,636
Directors' current accounts 839 1,324
Accruals and deferred income 2,193 2,548
99,234 110,549

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other loans - 2-5 years 8,335 18,333
Hire purchase contracts 10,624 6,256
18,959 24,589