Registered number
SC577581
WD Catering Solutions Limited
Filleted Accounts
30 September 2024
WD Catering Solutions Limited
Registered number: SC577581
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 78,977 73,812
Current assets
Stocks 5,000 6,000
Debtors 4 114,411 90,265
Cash at bank and in hand 45,440 22,450
164,851 118,715
Creditors: amounts falling due within one year 5 (120,652) (82,971)
Net current assets 44,199 35,744
Total assets less current liabilities 123,176 109,556
Creditors: amounts falling due after more than one year 6 (70,110) (69,994)
Net assets 53,066 39,562
Capital and reserves
Called up share capital 120 120
Profit and loss account 52,946 39,442
Shareholders' funds 53,066 39,562
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
William Davies
Director
Approved by the board on 26 March 2025
WD Catering Solutions Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% reducing balance
Fixtures & fittings 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Fixtures & Fittings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 20,000 - 94,464 114,464
Additions - 833 24,812 25,645
Disposals - - (15,300) (15,300)
At 30 September 2024 20,000 833 103,976 124,809
Depreciation
At 1 October 2023 8,267 - 32,385 40,652
Charge for the year 2,347 52 14,070 16,469
On disposals - - (11,289) (11,289)
At 30 September 2024 10,614 52 35,166 45,832
Net book value
At 30 September 2024 9,386 781 68,810 78,977
At 30 September 2023 11,733 - 62,079 73,812
4 Debtors 2024 2023
£ £
Trade debtors 114,411 90,265
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 14,005 11,318
Obligations under finance lease and hire purchase contracts 16,018 12,917
Trade creditors 31,865 18,040
Taxation and social security costs 57,827 39,992
Accrued charges 937 704
120,652 82,971
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 30,693 36,936
Obligations under finance lease and hire purchase contracts 39,417 33,058
70,110 69,994
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 55,435 45,975
Secured bank loans comprises hire purchase credit secured against the company's vehicles
8 Controlling party
The directors, William Davies and Victoria Davies, held a 100% beneficial interest in the share capital of the company.
9 Other information
WD Catering Solutions Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Spiersbridge Business Park
1 Spiersbridge Way
Thornliebank
Glasgow
G46 8NG
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