S&F Catering Ltd
Registered number: 09832341
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 100,000 100,000
Tangible assets 4 30,832 21,109
130,832 121,109
Current assets
Stocks 20,025 18,325
Debtors 5 2,000 -
Cash at bank and in hand 214,764 151,658
236,789 169,983
Creditors: amounts falling due within one year 6 (150,918) (84,989)
Net current assets 85,871 84,994
Total assets less current liabilities 216,703 206,103
Creditors: amounts falling due after more than one year 7 (6,250) (16,250)
Net assets 210,453 189,853
Capital and reserves
Called up share capital 2 2
Profit and loss account 210,451 189,851
Shareholders' funds 210,453 189,853
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.
A Sini
Director
Approved by the board on 4 March 2025
S&F Catering Ltd
Notes to the Accounts
for the year ended 31 October 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% Reducing Balance
Fixtures, fittings, tools and equipment 25% 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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 16
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 100,000
At 31 October 2024 100,000
Amortisation
At 31 October 2024 -
Net book value
At 31 October 2024 100,000
At 31 October 2023 100,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 50,663
Additions 20,000
At 31 October 2024 70,663
Depreciation
At 1 November 2023 29,554
Charge for the year 10,277
At 31 October 2024 39,831
Net book value
At 31 October 2024 30,832
At 31 October 2023 21,109
5 Debtors 2024 2023
£ £
Other debtors 2,000 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 53,569 24,614
Corporation tax 2,551 21,818
Other taxes and social security costs 24,263 27,406
Accruals 720 720
Directors Loan Account 69,815 10,431
150,918 84,989
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,250 16,250
8 Other information
S&F Catering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Raydean House
15 Western Parade
Barnet
Herts
EN5 1AH
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